Friday's Biggest Analyst Calls: Nvidia, Apple, Broadcom, Shopify, Molson Coors, Tesla, Amazon, Robinhood & More

Here are the biggest calls on Wall Street on Friday:

Wall Street analysts issued several key recommendations on Friday, covering a wide range of companies and industries. Here’s a summary of the most notable calls:

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Goldman Sachs Upgrades Robinhood
Goldman Sachs elevated its rating on Robinhood Markets (HOOD) to "buy" from "neutral," citing exceptional earnings growth potential. The firm set a price target of $46, describing Robinhood as having “best-in-class earnings growth.”

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Jefferies Downgrades Deere
Jefferies downgraded Deere (DE) to "hold" from "buy," primarily due to valuation concerns. The firm noted that the stock had already appreciated significantly following the company’s fourth-quarter 2024 earnings results.

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BMO Upgrades Republic Services
BMO Capital Markets upgraded Republic Services (RSG) to "outperform" from "market perform," calling it a top pick for 2025. Analysts highlighted the waste management company's strong performance and favorable outlook compared to its industry peers.

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UBS Upgrades Kingsoft Cloud
Kingsoft Cloud (KC) received an upgrade from UBS to "buy" from "neutral." The firm pointed to the company’s accelerated revenue and margin recovery, driven by strong third-quarter results, AI advancements, and support from its ecosystem.

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Goldman Sachs Upgrades Accenture
Goldman Sachs upgraded Accenture (ACN) to "buy" from "neutral," emphasizing the company’s leadership in leveraging AI. Analysts believe Accenture is well-positioned to benefit from an anticipated recovery in discretionary spending.

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KeyBanc Maintains Apple as Underweight
KeyBanc reiterated its "underweight" rating on Apple (AAPL), asserting that consensus estimates remain overly optimistic. Analysts expressed concerns about weak iPhone 16 upgrade activity and anticipate further downward revisions to earnings expectations.

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Needham Initiates Constellation Brands as Buy
Needham initiated coverage of Constellation Brands (STZ) with a "buy" rating and a price target of $280. The firm described the company as the best performer in the beverage industry from a fundamental standpoint.

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UBS Initiates Glaukos as Buy
UBS began coverage of Glaukos (GKOS) with a "buy" rating and a $182 price target, citing the company’s strong prospects in the ophthalmic disease market.

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BMO Upgrades Weyerhaeuser
Weyerhaeuser (WY) was upgraded by BMO to "outperform" from "market perform." Analysts believe increased export duties on Canadian lumber will push prices higher, benefiting U.S.-based producers like Weyerhaeuser.

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Goldman Sachs Initiates CBRE and Jones Lang LaSalle as Buy
Goldman Sachs initiated coverage of commercial real estate firms CBRE (CBRE) and Jones Lang LaSalle (JLL) with "buy" ratings. The firm highlighted their exposure to capital markets, resilient business models, and successful M&A strategies.

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Loop Upgrades Shopify
Loop Capital upgraded Shopify (SHOP) to "buy" from "hold," noting the e-commerce platform’s effective use of AI. Analysts believe Shopify’s AI tools, including the Shopify Magic suite, are enhancing merchant services and improving internal operations.

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Bank of America Reiterates Amazon as Buy
Amazon (AMZN) remains a top pick for Bank of America heading into 2025, thanks to its projected market share gains, margin expansion, and cloud and AI exposure.

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Guggenheim Reiterates Tesla as Sell
Guggenheim maintained its "sell" rating on Tesla (TSLA), forecasting lower-than-consensus delivery numbers for the fourth quarter. Analysts reduced their delivery estimate to 491,000 units from 495,000, citing a lack of data to support growth beyond this level.

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Jefferies Names Caterpillar a 2025 Top Pick
Jefferies identified Caterpillar (CAT) as a top investment idea for 2025, citing its alignment with global infrastructure development and reshoring trends.

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TD Cowen Initiates Clean Harbors as Buy
Clean Harbors (CLH) received a "buy" rating from TD Cowen. Analysts highlighted the company’s dominant position in hazardous waste management and anticipated benefits from further mergers and acquisitions.

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Jefferies Upgrades TechnipFMC
Jefferies upgraded TechnipFMC (FTI) to "buy" from "hold," expecting significant margin improvement. The firm noted the company’s plans to nearly double shareholder distributions in 2024, primarily through share buybacks.

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Deutsche Bank Weighs in on Marvell, Broadcom, and Nvidia
Deutsche Bank reiterated "buy" ratings for Marvell Technology (MRVL) and Broadcom (AVGO), describing them as top AI investment picks for 2025. The firm maintained a "hold" rating for Nvidia (NVDA), citing overvaluation concerns after a sharp year-to-date rally.

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Raymond James Initiates Abercrombie & Fitch as Outperform
Abercrombie & Fitch (ANF) received an "outperform" rating from Raymond James, which praised the retailer’s progress in its turnaround efforts. The firm set a price target of $180.

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JPMorgan Initiates Haemonetics as Buy
JPMorgan initiated coverage of Haemonetics (HAE) with an "overweight" rating and a December 2025 price target of $116, citing multiple growth opportunities for the blood and plasma services company.

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UBS Upgrades Peloton to Neutral
UBS upgraded Peloton (PTON) to "neutral" from "sell," noting confidence in the company’s new CEO and ongoing cost-cutting measures.

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Bank of America Upgrades Altria
Bank of America upgraded Altria (MO) to "buy" from "neutral," citing potential benefits from a Republican administration and improving consumer spending trends.

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Bank of America Upgrades Molson Coors
Molson Coors (TAP) also received a "buy" rating from Bank of America, which expects 2025 to be a stronger year for the company as it moves past the Bud Light controversy.

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Bank of America Upgrades Dollar General
Dollar General (DG) was upgraded to "buy" from "underperform," with analysts noting early signs of success in the retailer’s "back to basics" strategy.

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