Here are the biggest calls on Wall Street on Thursday:

Bank of America reiterates Nvidia as buy

Bank of America raised its price target on the AI chipmaker to $300 from $275 following its earnings, adding that the stock remains a top pick.

“Our positive view on Nvidia is based on its underappreciated transformation from a traditional PC graphics chip vendor into a supplier serving high-end gaming, enterprise graphics, cloud, accelerated computing and automotive markets.”

Morgan Stanley reiterates Snowflake as overweight

The investment bank lowered its price target on the cloud-based data platform to $245 per share from $270 following earnings but said it is maintaining its overweight rating.

“On balance, Q4 results point to a healthy demand environment for Snowflake.”

JPMorgan reiterates Salesforce as overweight

JPMorgan lowered its price target on Salesforce to $320 per share from $365 following earnings on Wednesday.

“Salesforce stands out from almost any peer group as a pioneering trailblazer of the cloud computing movement, and it has become a true multi-product success story, now riding atop multiple product pillars of substantial scale and trajectory.”

Citizens downgrades C3.ai to market perform from market outperform

The firm downgraded the AI software company following earnings.

“We are downgrading C3.ai to Market Perform from Market Outperform after the company announced very disappointing F3Q26 results...”

Oppenheimer reiterates Broadcom as outperform

Oppenheimer said it is bullish ahead of Broadcom earnings next week.

“We see upside to Street F1Q (Jan) sales/EPS estimates of $19.2B/$2.02 and F2Q (Apr) $20.4B/$2.15, led by AI. AI-related sales are accelerating.”

Wells Fargo upgrades Alcon to overweight from equal weight

Wells Fargo said it sees potential upside for the ophthalmology company.

“We are upgrading ALC shares to OW from EW to reflect potential upside to 2026 guidance, largely driven by a new product cycle that is starting to positively impact growth. We raise our PT to $97 (from $88), based on ~25x our 2027E EPS of $3.85.”

JPMorgan reiterates Apple as overweight

JPMorgan said Apple holds an advantage in the personal AI companion space.

“In our view, the launch of a personalized Siri enabling services to maintain conversational context on AI companions will play a major role in determining Apple’s likelihood of success relative to planned AI companion offerings, including integration with applications across multimodal inputs such as voice, text and images.”

William Blair initiates Builders FirstSource at outperform

William Blair said it sees a compelling risk/reward profile for Builders FirstSource.

“Best-in-class building products distributor focused on new residential markets.”

H.C. Wainwright & Co upgrades Joby Aviation to buy from neutral

The firm said it sees positive catalysts ahead for the eVTOL company.

“We are upgrading JOBY to Buy from Neutral, with an $18.00 PT. Our upgrade is predicated on: (1) continued progress toward certification milestones, now in the final stages of completion (FAA-conforming aircraft preparing for flight); (2) manufacturing readiness to ramp eVTOL production, including plans to double capacity in 2027 to four aircraft per month)...”

Loop downgrades The Trade Desk to hold from buy

Loop downgraded the stock following earnings, citing limited “visibility.”

“The Trade Desk reported a beat-and-lower 4Q result. Revenue growth guidance of ~10% in 1Q, alongside 500bps of year-over-year margin compression, was disappointing.”

Truist upgrades U.S. Bancorp to buy from hold

Truist said it sees an attractive risk/reward profile for the Minneapolis-based super regional bank.

“USB should post accelerating NII [net interest income] growth throughout 2026 as loan pipelines materialize and fixed-rate asset repricing, along with card loan growth, drive NIM [net interest margin] expansion.”

TD Cowen upgrades Nasdaq, Inc. to buy from hold

The investment bank turned more constructive on the exchange operator following its investor day on Wednesday.

“We upgrade NDAQ to Buy, raise our ’26–’27E adj. EPS estimates and lift our 12-month PT by $1 to $106. Our actions reflect greater confidence in the durability of the platform, particularly in FinTech, following the ’26 Investor Day.”