Friday’s Biggest Analyst Calls: Nvidia, Amazon, Apple, Rivian, Block, Alibaba, Walmart, Domino’s & More

Here are Friday’s biggest calls on Wall Street:

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Roth MKM Begins Coverage of Quanta Services With a Buy Rating
Roth MKM initiated coverage on Quanta Services, expressing confidence in the infrastructure firm's prospects, particularly in data centers and artificial intelligence.

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"Power remains a primary constraint in the AI and data center sector. Quanta Services (PWR) is among the best-positioned firms to facilitate the rapid expansion of electrical infrastructure due to its dominant market share in electric utilities and renewable energy," the firm noted.

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Morgan Stanley Maintains Overweight Rating on Nvidia
Morgan Stanley reaffirmed its positive stance on Nvidia, highlighting an upcoming key moment for AI stocks ahead of the company’s earnings report next week.

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"Nvidia continues to be the primary force driving the movement of AI-related stocks, determining whether the sector advances or declines," the firm stated.

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CLSA Upgrades Alibaba to Strong Buy From Outperform
CLSA raised its rating on Alibaba, emphasizing the Chinese e-commerce giant’s strong positioning in the growing demand for AI applications.

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"We are upgrading Alibaba from ‘Outperform’ to ‘High Conviction Outperform’ and increasing our target price from $125 to $165," analysts at CLSA said.

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JPMorgan Upgrades Grab Holdings to Overweight From Neutral
JPMorgan upgraded Grab Holdings, recommending investors take advantage of the recent stock pullback following its earnings release on Thursday.

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"We continue to believe Grab (GRAB) can capitalize on network effects to strengthen its market leadership while enhancing monetization and expenditure strategies. As a result, we are raising our rating to Overweight," the firm explained.

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Goldman Sachs Upgrades Terreno Realty Corp to Buy From Neutral
Goldman Sachs boosted its rating on industrial real estate investment trust Terreno Realty Corp, citing an improving outlook for the sector.

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"We anticipate that industrial space absorption—measured in occupied square footage—will show improvement in 2025. Given this backdrop, we are increasingly positive on the sector, and we view Terreno Realty (TRNO) as the best-positioned company in our industrial REIT coverage," analysts at Goldman Sachs said.

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Bank of America Reiterates Buy Rating on Apple
Bank of America maintained its bullish view on Apple, citing the company's ability to expand its ecosystem and unlock new revenue streams.

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"Apple recently announced the launch of the Apple TV app for Android mobile devices, opening up new growth opportunities. We maintain our Buy rating, given the company’s stable cash flows, resilient earnings, and potential to benefit from AI integration in edge devices," the firm said.

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HSBC Upgrades Unity to Buy From Hold
HSBC upgraded game development software firm Unity Technologies, following a strong earnings report that exceeded expectations.

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"The Unity engine is gaining momentum, and the introduction of a new advertising model has the potential to be a game-changer," HSBC analysts noted.

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TD Cowen Reiterates Buy Rating on Amazon
TD Cowen reaffirmed its Buy rating on Amazon, pointing to the strength of Amazon Web Services (AWS) in the AI space.

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"Our analysis suggests that AWS could generate approximately four times the incremental generative AI revenue per additional capital expenditure dollar from 2026 through 2030," the firm projected.

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Wells Fargo Upgrades Stagwell to Overweight From Equal Weight
Wells Fargo upgraded marketing and communications firm Stagwell, citing strong growth potential.

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"We are raising our rating on Stagwell (STGW) from Equal Weight to Overweight, as we believe strong new business wins, combined with a favorable environment for digital transformation, will support leading organic growth in 2025," the firm stated.

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JPMorgan Initiates Coverage on Celestica With an Overweight Rating
JPMorgan began covering Celestica, citing its favorable positioning in the electronics manufacturing sector.

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"We are initiating coverage of Celestica (CLS) with an Overweight rating and a December 2025 price target of $166, given the company’s exposure to AI infrastructure investments in both computing and networking," analysts wrote.

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Morgan Stanley Reiterates Overweight Rating on Taiwan Semiconductor
Morgan Stanley identified Taiwan Semiconductor (TSMC) as a key stock to watch ahead of Nvidia’s earnings report, naming it a "catalyst-driven idea."

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"We anticipate that TSMC’s stock price will move higher if Nvidia’s guidance surpasses expectations," the firm stated.

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Bank of America Reiterates Buy Rating on Block
Bank of America maintained its Buy rating on Block, recommending investors take advantage of the stock’s recent pullback following earnings.

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"We believe Block (formerly Square) remains undervalued and has a high-quality business model. Investors should focus on post-first-quarter growth acceleration in both Square and Cash App, as well as the upcoming second-half Investor Day," the firm explained.

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Cantor Fitzgerald Downgrades Rivian to Neutral From Overweight
Cantor Fitzgerald downgraded electric vehicle maker Rivian, citing multiple challenges following its earnings report.

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"We are lowering our rating on Rivian to Neutral from Overweight due to declining vehicle deliveries, a reduction in electric delivery van (EDV) shipments, and worsening macroeconomic conditions. These challenges include new tariff implementations and the likely removal of the $7,500 EV tax credit," analysts noted.

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JPMorgan Reiterates Buy Rating on Walmart
JPMorgan reiterated its Buy rating on Walmart, encouraging investors to buy on the dip after the company’s earnings release.

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"Fundamentally, we believe Walmart’s (WMT) long-term story remains intact. Whether one sees the outlook as optimistic or concerning depends largely on how reinvestment is perceived," the firm commented.

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UBS Reiterates Buy Rating on Domino’s Pizza
UBS maintained its positive stance on Domino’s, highlighting strong growth potential in same-store sales.

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"We believe Domino’s (DPZ) is well-positioned for accelerating same-store sales growth in the U.S. in 2025, supported by multiple strategic initiatives, an increase in new store openings, and a solid multi-year earnings growth trajectory," UBS said.

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