Here are Thursday’s biggest calls on Wall Street:
Seaport reiterates Nvidia as sell
Seaport voiced concerns over Nvidia’s aggressive pricing strategy for its AI chips.
“Nvidia is raising prices to a level that will make it harder for many customers to afford its products. So they are getting even more involved in providing financing support to the neoclouds, adding to the $30 billion of backstops they already have in place (but not on their balance sheet).”
Evercore ISI reiterates Apple as outperform
Evercore is bullish ahead of Apple’s upcoming quarterly earnings print later this month.
“For AAPL, we see durable iPhone 17 momentum (China + units), with the debate on GM sustainability and the timing of a GM trough as memory costs roll in.”
Piper Sandler initiates SpaceX as neutral
Piper Sandler flagged near-term unique headwinds despite long-term optimism for the aerospace firm.
“After covering TSLA for 10+ years, we’re comfortable underwriting the multi-year thesis. However, we’re initiating at Neutral, because there are some idiosyncratic near-term headwinds that we think will likely cap upside (specifically: staged lockup expirations and uncertainty re: a potential Tesla acquisition).”
KeyBanc reiterates Amazon as overweight
KeyBanc raised its price target on Amazon from $330 to $335 per share.
“AMZN remains our preferred e-commerce stock as: 1) underlying retail trends remain strong; and 2) AWS is inflecting. While investment in Leo and data centers may limit NT margin upside, we believe consensus is understating revenue and EPS into 2028E”
Bank of America reiterates JPMorgan as buy
The bank lifted its price target on the banking giant from $408 to $420 per share.
“Best of breed stock trading at negligible P/E premium.”
Bank of America upgrades Cintas to buy from neutral
Bank of America said the uniform services firm is firing on all cylinders after strong results.
“We upgrade Cintas from Neutral to Buy and raise our PO to $230 following better than expected 4Q26 results as well as FY27 guidance that was above Street but likely leans conservative.”
Piper Sandler initiates AST SpaceMobile as overweight
Piper Sandler sees major growth potential for the satellite communications firm.
“ASTS builds satellites that communicate directly with smartphones. The service ensures connectivity for users everywhere, regardless of cellular coverage, including for applications like video calls, streaming, and gaming.”
JPMorgan upgrades BlackRock to overweight from equal weight
JPMorgan upgraded the asset manager stock following Wednesday’s earnings release.
“BlackRock’s stock has lagged considerably YTD despite earnings growth that continues to remain robust. We think the BlackRock stock will catch-up to the solid fundamental outlook, and expect outperformance from here. We increase our 2026 and 2027 estimates and increase our Dec-2026 price target to $1,364.”
Benchmark initiates Rambus as buy
Benchmark highlighted the chip IP firm’s unique technology for AI data center bottlenecks.
“We are initiating coverage of Rambus, Inc. (RMBS) with a Buy rating and $165 price target. We view Rambus’ technology, in all forms of commercialization, as a key enabler to solving the memory bottleneck that exists in data center high-performance computing applications.”
Benchmark initiates Synopsys as buy
Benchmark highlighted multiple upcoming positive catalysts for the chip design software firm.
“We are initiating coverage of Synopsys, Inc. (SNPS) with a Buy rating and $570 price target.”
Truist downgrades Lululemon to sell from hold
Truist flagged a slew of negative headwinds with limited recovery visibility.
“LULU - Downgrading to Sell on meaningful pressure and limited visibility into a potential recovery.”
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