Here are the biggest calls on Wall Street on Thursday: Citi reiterates Palantir as neutral Citi says it’s staying neutral on the stock mainly on valuation. “Stepping back, the meeting reiterates our upbeat view on PLTR fundamentals, but we continue to have concerns on how stock can grow into its valuation, especially if magnitude of positive revisions slow or large contracts (i.e., Golden Dome) don’t materialize as expected.” Morgan Stanley reiterates Nvidia as overweight The firm attended the company’s GTC Paris conference and said there were no “stock moving announcements” but that Nvidia remains a top idea. “European catch-up investment, quantum/classical opportunities, and industrial/physical AI were the main focus, all of which provide incremental growth from the exceptional growth we are seeing in AI overall. Stay OW, remains Top Pick in semis.” Barclays reiterates Oracle as overweight Barclays says it’s sticking with the stock following earnings on Wednesday. “We expect Q4 to re-ignite investor interest in the Oracle story and increase confidence that the company can deliver on its ambitious medium-term growth targets.” Bank of America reiterates Amazon as buy Bank of America says Amazon continues to innovate using AI to improve package delivery. ” Amazon announced three AI innovations improving delivery: 1) Wellspring, an AI-powered system that collects data from dozens of sources including satellite imagery, road networks, and prior deliveries to create a comprehensive map.” Deutsche Bank reiterates Dell as buy Deutsche Bank says the tech giant remains a top idea following a meeting with investor relations. “We view DELL as a top beneficiary of elevated (and prioritized) investment in AI infrastructure…” Baird initiates QXO as outperform Baird says it sees margin expansion for the roofing products company. “Initiating coverage of QXO with an Outperform rating and $32 price target.” KeyBanc initiates Modine as overweight KeyBanc says the thermal manufacturing company is a “highly compelling long term transformation story” and a data center beneficiary. “We are launching coverage of Modine Manufacturing Co. (MOD) with an OW rating and $125 price target.” TD Cowen upgrades Tapestry to buy from hold TD Cowen said in its upgrade of Tapestry that it sees “momentum” at brands like Coach. “We upgrade shares to Buy given: continued brand momentum at Coach (est. +5% growth in FY26), the ~$1bn footwear opportunity, & our proprietary survey indicates strong brand heat and preferences.” Read more. Stephens initiates SoFi as overweight Stephens says the online lender has a robust balance sheet and is best-in-class. “We like SOFI as a best-in-class brand and its bank B/S [balance sheet].” BTIG initiates Harrow as buy BTIG says the biotech eye company is best-in-class. ” Harrow is a profitable biotechnology company focused on delivering a broad slate of best-in-class eyecare products to the US market. The company started as a compounding effort designed to supply eyecare products that were unavailable or in limited supply.” Wolfe upgrades Datadog to outperform from peer perform Wolfe upgraded the stock after attending the cloud-scale company’s annual Dash innovation conference. “We walked away from our time at DASH more confident in the near-term growth opportunity around AI and remain confident in DDOG’s market leading products driving long-term success.” Read more. Baird names Lockheed Martin as a bullish fresh pick Baird says investors should buy the dip in shares of the aerospace and defense company as defense spending will eventually ramp up. “Our Bullish Fresh Pick for LMT is predicated on the thesis that short-term budget noise tied to F-35 procurement doesn’t impact the long-term health of the program, with lifetime program deliveries only ~35% complete today.” Loop reiterates Reddit as buy Loop lowered its price target on the stock but says it still sees “large monetization upside,” “We reiterate our Buy rating on RDDT, but have lowered our PT to $200 from $210. Q2 YoY user growth is moderating due to challenging comps, but we are projecting 80% 2- year stacked growth, similar to 1Q.” Bank of America reiterates DoorDash as buy Bank of America raised its price target on the stock to $245 per share from $230 and says it likes the company’s adtech platform. “With DASH US likely still below 1.5% Ad Penetration (less than half of CART, and still below Uber Delivery penetration), we see a long runway for DASH’s ad growth from here.” Read more . Goldman Sachs reiterates BJ’s as buy Goldman says the warehouse company is best positioned for share gains. “We reiterate our Buy rating on BJ, highlighting that we continue to see earnings upside at BJ driven by a better top-line outlook based on continued strong traffic trends, unit volume growth in grocery categories, and greater customer engagement likely in general merchandise categories as a result of the company’s assortment refresh.” Cantor Fitzgerald downgrades Joby to neutral from overweight Cantor downgraded the eVTOL company mainly on valuation. “Downgrading Joby to Neutral After Recent Rally – Not a Good Entry Point, in Our View. We continue to believe JOBY is among the best-positioned in the eVTOL industry to achieve commercialization and FAA Type Certification.” Bank of America downgrades Conagra to underperform from neutral The firm says the earnings setup for the food products company over the next 12 months looks too “tough” as poultry prices increase. “We downgrade shares of ConAgra Brands (CAG) from Neutral to Underperform and lower our PO from $27 to $20.” Read more. Oppenheimer initiates Sezzle as outperform Oppenheimer says it’s bullish on the buy now, pay later company for the millennials and Gen Z crowd. “We initiate coverage of Sezzle Inc. (SEZL) with an Outperform rating.”
