Thursday’s Biggest Analyst Calls: Apple, Nvidia, Tesla, Palantir, Amazon, Toast, Snowflake & More

Thursday’s Key Analyst Calls on Wall Street

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Loop Capital Initiates Palantir as a Buy
Loop Capital initiated coverage on Palantir, describing it as a transformative player in the software sector. The firm highlighted Palantir’s strong position within the artificial intelligence (AI) and generative AI trends, which it sees as significant market opportunities capable of generating multi-billion-dollar revenues.

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KeyBanc Maintains Overweight Rating on Nvidia
KeyBanc reiterated its overweight stance on Nvidia while raising its price target from $180 to $190 per share ahead of next week’s earnings report. The firm believes the recent pullback in Nvidia’s stock is excessive and reaffirmed AI’s role as a major growth catalyst for the company.

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Bank of America Reiterates Apple as a Buy
Bank of America reaffirmed its buy rating on Apple, citing stable cash flows and resilient earnings. The firm also pointed out Apple’s potential to benefit from AI integration in edge devices, particularly ahead of the expected iPhone 16e launch next week.

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BMO Downgrades SolarEdge to Underperform
Following SolarEdge’s earnings report, BMO lowered its rating on the stock from market perform to underperform. The downgrade was partly tactical, as BMO noted that SolarEdge’s recent stock gains were largely due to short-covering. The firm also acknowledged that the company appears to have enough liquidity to manage its upcoming $347.5 million convertible debt maturity in September 2025.

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Piper Sandler Upgrades Clearwater Analytics to Overweight
Piper Sandler upgraded Clearwater Analytics from neutral to overweight after its earnings release. The firm believes Clearwater’s business combination will enhance its ability to expand its client base, increase wallet share among existing customers, and improve its win rate with prospective clients.

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Baird Upgrades Amplitude to Outperform
Baird raised its rating on Amplitude from neutral to outperform, citing a favorable outlook for the software company. While macroeconomic challenges persist, Baird sees Amplitude as well-positioned to capture any increase in enterprise spending.

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Bank of America Reiterates Buy Rating on Analog Devices
Bank of America maintained its buy rating on Analog Devices, praising the company’s strong free cash flow generation. The firm emphasized Analog Devices’ growth potential across key industries such as communications, automotive, and industrial markets.

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Barclays Upgrades CMS Energy to Overweight
Barclays upgraded CMS Energy from equal weight to overweight, identifying it as the top utility investment option in Michigan. The firm reassessed its stance following earnings reports from both CMS and DTE, now favoring CMS for its positioning in the state’s premium regulatory environment.

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Citi Upgrades NXPI Semiconductors to Buy
Citi upgraded NXPI Semiconductors from neutral to buy, citing signs of a recovery in the analog semiconductor market. Following Analog Devices’ commentary on improving industry conditions, Citi expects this recovery to benefit all major analog chipmakers, as sales in the sector have declined approximately 30% from their peak.

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Wedbush Reiterates Outperform Rating on Tesla
Wedbush remains bullish on Tesla, arguing that concerns surrounding the company are overblown. The firm praised Elon Musk’s ability to juggle multiple ventures effectively, noting that Tesla’s technological innovation remains strong, particularly in autonomous driving and robotics, despite skepticism about Musk’s involvement in various projects.

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Jefferies Upgrades Ormat Technologies to Buy
Jefferies raised its rating on Ormat Technologies from hold to buy, suggesting investors take advantage of the recent stock dip. The firm noted that Ormat is trading at approximately 10 times its expected 2026 EBITDA, which represents a discount compared to its three-year historical average. This lower valuation was largely attributed to a recent shareholder sell-off and the company’s limited exposure to data centers.

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JPMorgan Reaffirms Amazon as a "Best Idea"
JPMorgan reiterated Amazon as one of its top investment ideas, despite survey data showing a slight decline in the company’s U.S. e-commerce market share. According to the firm, Amazon’s share of online retail fell by 58 basis points year-over-year to 46.1% in the fourth quarter. However, JPMorgan remains confident in Amazon’s leadership position, citing its fast delivery, vast product selection, and competitive pricing.

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Jefferies Upgrades Roku to Hold
Jefferies raised its rating on Roku from underperform to hold while increasing its price target from $55 to $100 per share. The firm noted that Roku’s growth outpaced many of its advertising peers in the most recent quarter. Additionally, profitability is improving, and multiple growth catalysts remain in place for 2025.

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BTIG Upgrades Snowflake to Buy
BTIG upgraded Snowflake from neutral to buy, setting a price target of $220 per share. The firm cited improving demand as a key factor behind the upgrade. After over two years of cloud optimization challenges, BTIG’s research indicates a stronger demand environment emerging for Snowflake in 2025.

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Susquehanna Upgrades Lam Research to Positive
Susquehanna upgraded Lam Research from neutral to positive following the company’s analyst day presentation. The firm highlighted Lam’s newly introduced earnings per share (EPS) target of $6 to $7 for 2028, along with its focus on achieving a 30% free cash flow margin, the majority of which will be returned to investors.

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Morgan Stanley Reiterates Overweight Rating on Toast
Morgan Stanley reaffirmed its overweight rating on Toast and named it a top pick following its latest earnings report. The firm noted that the restaurant payment technology company outperformed expectations in the fourth quarter. Additionally, guidance for 2025 was strong, reinforcing optimism about Toast’s ability to expand its success in the U.S. market into new growth areas.

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