Here are the biggest calls on Wall Street on Thursday:
BMO upgrades Block to outperform from market perform
BMO said it sees plenty of positive catalysts ahead. “Overall, we believe the balance of growth visibility, margins and tangible product upgrades has leveled-up the Block s tory, and we see multiple expansion driving upside to shares.”
Bank of America reiterates CoreWeave as buy
The firm said it’s sticking with CoreWeave heading into earnings in November. “Into the print, we are focused on four key areas: (1) capacity additions and the pace at which new infrastructure is converted into revenue, (2) upside to operating margins, (3) funding considerations, and (4) the capex outlook. Maintain Buy and $140 PO.”
Morgan Stanley reiterates Tesla as equal weight
Morgan Stanley raised its price target to $410 per share from $400 following earnings on Wednesday. “We are incrementally more constructive as Tesla’s 3 Q results offer encouraging proof points on Robotaxi scaling and FSD adoption, while improving Auto and Energy fundamentals strengthen the earnings foundation.” Read more.
Bank of America reiterates SpaceX as buy
Bank of America raised its price target to $275 per share from $235. ” SpaceX (SPCX) third quarter results beat the street across metrics and the company raised the ante on what’s coming in 2027.”
Goldman Sachs reiterates Nvidia as buy
Goldman said Nvidia is firing on all cylinders. “We maintain our Buy rating as we continue to see a positive catalyst path for the stock, including greater visibility into AI datacenter deployments as Nvidia n arrows the supply/demand gap while driving strong capital returns.”
Goldman Sachs reiterates IBM as buy
Goldman said the company’s earnings report on Wednesday was “solid.” “We are Buy rated on IBM based our view that the company remains on track to deliver improving software revenue growth and consulting market share gains over time.”
TD Cowen initiates Talen Energy as buy
TD Cowen said the utility company is best positioned. “We are initiating coverage of TLN with a Buy rating and a $475 price target.”
Canaccord initiates CleanSpark as buy
Canaccord said the company is an “attractive standout.” “Against the backdrop of recent volatility in the broader AI sector CleanSpark is an attractive standout.”
Wolfe downgrades Netflix to peer perform from outperform
Wolfe said it’s concerned about rising competition. ” NFLX: Downgrade to Peer Perform - Well Explored Problems, Expensive Solutions.”
Raymond James upgrades WhiteHorse Financial to outperform from market perform
The firm said it sees credit quality getting better. “We are upgrading WHF to Outperform from Market Perform, reflecting improving credit quality and the recently announced strategic review, which we believe could serve as a meaningful catalyst for the stock.”
JPMorgan reiterates Meta as overweight
JPMorgan raised its price target on Meta to $940 per share from $920 following earnings. “Muse Agent & Enterprise Paths Taking Shape; Reiterate Overweight & $940 PT.”
Gordon Haskett upgrades Kohl’s to buy from hold
The firm said Kohl’s is compelling and has “value.” “Keeping within our recent desire to recommend retailers with a heightened focus on value (see BJ, DG, and OLLI upgrades over the past two months) . . . we are upgrading Kohl’s to Buy-Rated from Hold-Rated and establishing a $27 Price Target, which implies north of 20% upside.”
UBS reiterates Berkshire Hathaway as buy
UBS raised its price target to $942,405 per share from $906,011. “We expect 3Q26 operating earnings to increase modestly y/y despite weaker underwriting results across Berkshire’s Insurance businesses, with the major non- Insurance businesses expected to offset these pressures.”
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