Here Are Thursday’s Biggest Calls on Wall Street
Citi Reiterates Nvidia as Buy
Citi remains bullish on Nvidia (NVDA) ahead of its earnings report later this quarter.
The firm expects Nvidia to capture the bulk of AI accelerator spending, supported by its technology leadership and large installed base.
Citi Reiterates Apple as Buy
Citi remains bullish on Apple ahead of its early-November earnings report.
The firm expects investor focus to center on Services growth, muted App Store revenue, potential disruption from agentic AI, higher memory costs, gross margin trends, and iPhone sales seasonality.
Morgan Stanley Reiterates Microsoft as Overweight
Morgan Stanley remains bullish on Microsoft’s full-stack AI platform, calling the company a key AI winner.
Wolfe Reiterates SpaceX as Outperform
Wolfe remains bullish on SpaceX ahead of earnings, expecting management to strike an optimistic tone following the successful Starship Flight Test 14.
The firm also expects the outlook for Flight 15 to include a double-catch attempt.
Goldman Sachs Upgrades Palantir to Buy from Neutral
Goldman Sachs upgraded Palantir (PLTR) to Buy from Neutral with a 12-month price target of $230, saying the company is firing on all cylinders.
Morgan Stanley Reiterates Netflix as Overweight
Morgan Stanley maintained its Overweight rating on Netflix (NFLX) but lowered its price target to $80 from $83.
The firm believes Netflix remains attractively valued, arguing that continued double-digit revenue growth and 150–200 basis points of margin expansion could support approximately 15% annual EPS growth.
Rosenblatt Initiates Nebius as Buy
Rosenblatt initiated coverage of Nebius (NBIS) with a Buy rating, citing strong growth potential.
The firm believes Nebius is well positioned to benefit from massive spending on AI training and inference, placing it just behind CoreWeave among leading neocloud providers.
Jefferies Upgrades Royal Caribbean to Buy from Hold
Jefferies upgraded Royal Caribbean (RCL) to Buy with a $330 price target, citing a more favorable fiscal 2027 net yield outlook and strong growth potential at Sandals.
Raymond James Upgrades Unity to Outperform from Market Perform
Raymond James upgraded Unity Software (U) to Outperform from Market Perform, citing its partnership with Alphabet.
The firm believes the partnership strengthens Unity’s competitive position by combining its game creation and runtime technology with Google’s AI capabilities and consumer distribution.
Citi Downgrades NXP Semiconductors to Neutral from Buy
Citi downgraded NXP Semiconductors (NXPI) to Neutral from Buy, citing expectations for weaker earnings estimate revisions relative to peers and limited data center exposure.
TD Cowen Initiates Goldman Sachs as Buy
TD Cowen initiated coverage of Goldman Sachs (GS) with a Buy rating and a $1,050 price target, citing further upside potential for the investment bank.
HSBC Downgrades Constellation Brands to Hold from Buy
HSBC downgraded Constellation Brands (STZ) to Hold from Buy and cut its price target to $135 from $192.
The firm said evidence of a recovery in sales volume is needed before turning more positive on the stock.
Guggenheim Initiates Centrus Energy as Buy
Guggenheim initiated coverage of Centrus Energy (LEU) with a Buy rating and a $167 price target.
The firm highlighted Centrus as the only U.S. company with a pathway to supplying high-assay low-enriched uranium (HALEU) fuel to commercial customers.
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