Here are the biggest calls on Wall Street on Thursday:
Oppenheimer says it’s bullish on the stock ahead of earnings next week.
“NVDA remains best positioned in AI, in our view, benefiting from full-stack AI hardware/software and unique rack-level approach. Reiterate Outperform and $175 target.”
Piper says it’s sticking with the stock ahead of its robotaxi launch.
“TSLA’s recent run is due to multiple expansion; all eyes are on the robo-taxi launch.”
Goldman says it’s sticking with the stock heading into its Worldwide Developer’s Conference on June 9.
“We expect AAPL to demonstrate continued progress toward incorporating AI into its operating systems through developer access to its AI models for app development as well as the potential announcement of Gemini AI integration on iPhones given Alphabet CEO Sundar Pichai’s recent comments regarding hopes to finalize a partnership with Apple by mid-2025.”
Macquarie upgraded the China EV company following earnings on Wednesday.
“XPeng continues to execute ahead of expectations in a difficult domestic EV market.”
Goldman is sticking by its bullish call on the stock following earnings on Wednesday.
“Stepping back, we’re increasingly positive on Snowflake evolving into a broader data operating system that manages everything from ingestion to analytics to data sharing to AI workloads — backed by accelerating product velocity — augmenting our conviction in the company’s ability to durably sustain mid-20′s growth at-scale with best-in-class FCFM’s [free cash flow models].”
BMO said it’s concerned about solar tax credit changes if revisions are made to the latest tax bill being floated by Congress.
“Downgrading RUN to Underperform and reducing our target price to $4/share from $9/share. Revisions to the ‘One Big Beautiful Bill Act’, if adopted, suggest to us that RUN’s ability to claim the solar ITC [investment tax credit] on residential solar leases under Section 48E in FY 2026+ is in jeopardy.”
The firm says it sees too many negative catalysts for Marvell.
“This call just hasn’t worked out. We are not saying there is a lot of downside in a stock that is down 46% YTD but there is a risk that shares stay rangebound and/or do not perform as well as the bulk of our semis and hardware coverage for the rest of 2025 and 2026.”
Needham said in its upgrade of Zoom that it’s finally utilizing its pricing power.
“We believe the company is at an interesting inflection point where revenue headwinds from Online are easing, dilution from stock-based compensation has peaked and the share count can decrease with buybacks moving forward, and finally the pricing power of the business may be returning due to new embedded AI functionality as evidenced by the latest price increase for Online taking effect June 1st.”
Bank of America says the outlook is “uncertain” following earnings on Wednesday morning.
“We downgrade TGT to Neutral (from Buy) and lower our PO to $105 (from $145) based on 12x our lowered F27E adj. EPS of $8.00. Despite valuation near 10-year lows, we see increased uncertainty as top-line weakness continues and the timing of comp recovery gets pushed out, with softer sales driving higher markdowns and thus incremental margin pressure for TGT.”
William says it sees too many headwinds for the retailer.
“While the brand’s product offerings are beginning to be diversified, Canada Goose is not a luxury brand. Luxury brands sales are driven by great compelling product, a great brand strategy, and weather does not generally materially impact sales.”
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