Thursday’s Biggest Analyst Calls: Nvidia, Apple, Dell, Microsoft, Estee Lauder, Meta, Crocs, Tjx & More

Here are the major analyst calls on Wall Street for Thursday:

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KeyBanc Reiterates Nvidia as Overweight

KeyBanc remains optimistic about Nvidia, particularly as the company heads into its upcoming earnings report next week. The firm believes the risk/reward profile is favorable for Nvidia, noting that the stock is trading at 25 times their projected earnings for the fiscal year 2026. KeyBanc reiterates its "Overweight" rating, indicating confidence in the stock's potential.

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Goldman Sachs Reiterates Snowflake as a Buy

Despite high expectations, Goldman Sachs continues to support Snowflake following its earnings announcement on Wednesday. The firm acknowledged that while Snowflake delivered solid results and raised its guidance, the outcomes fell slightly short of the market's lofty expectations. Nonetheless, Goldman remains constructive, citing stabilizing trends and the potential growth from Snowflake's emerging AI products. They maintain a "Buy" rating on the stock.

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Bank of America Reiterates Dell as a Buy

Bank of America has adjusted its price target for Dell, lowering it from $180 to $150 per share. However, the firm remains positive on the stock, advising investors to take advantage of the recent pullback. Bank of America believes Dell's fundamentals are robust and views the dip as a particularly attractive buying opportunity.

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Citi Downgrades TJX to Neutral from Buy

Citi has shifted its stance on TJX, downgrading the stock from "Buy" to "Neutral" after reviewing the company's earnings. The firm sees a more balanced risk/reward profile at this stage, despite raising its target price for the stock from $110 to $128, representing a potential 7% upside.

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Morgan Stanley Initiates Flutter as a Top Pick

Morgan Stanley has identified Flutter, an overweight-rated company in the gambling sector, as a new top idea. The firm highlights Flutter's compelling global growth story, noting that it is the scale leader in online gambling, with revenue nearly three times larger than its closest competitors.

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Wells Fargo Upgrades SentinelOne to Overweight from Equal Weight

Wells Fargo sees positive momentum for cybersecurity company SentinelOne, upgrading it to "Overweight." The firm believes SentinelOne is gaining market share, particularly at the expense of its rival CrowdStrike, and expects this to lead to stronger revenue growth moving forward.

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Bank of America Upgrades Unilever to Buy from Underperform

Bank of America has taken a more positive view on Unilever, upgrading the stock to "Buy" from "Underperform." The firm anticipates significant growth for the consumer goods giant, projecting a compound annual growth rate (CAGR) of 4.6% from 2024 to 2027. This optimism is based on stronger underlying growth and improved market share following portfolio adjustments.

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Morgan Stanley Reiterates Microsoft & Meta as Overweight

Morgan Stanley continues to favor Microsoft and Meta, reiterating their "Overweight" ratings. The firm’s checks on large-cap institutional ownership reveal that Microsoft is currently under-owned, while Meta is over-owned. This suggests there may be more room for growth in Microsoft relative to Meta.

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Wells Fargo Initiates Disc Medicine as Overweight

Wells Fargo is optimistic about Disc Medicine, initiating coverage with an "Overweight" rating. Disc Medicine is a clinical-stage biopharmaceutical company focused on developing therapies for hematologic diseases, and Wells Fargo sees strong potential in its pipeline.

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Citi Opens a Positive Catalyst Watch on JD.com

Citi has placed JD.com on a positive catalyst watch, suggesting that the stock could see a quick rise as the Chinese e-commerce company accelerates its share buyback activities. Over the past six to twelve months, several internet companies have ramped up their buyback efforts, with JD.com being one of the more aggressive players in this space.

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Piper Sandler Upgrades Estee Lauder to Overweight from Neutral

Following Estee Lauder's earnings report earlier this week, Piper Sandler has upgraded the stock to "Overweight" from "Neutral." The firm sees a compelling entry point at current levels and has raised its price target to $114 from $95.

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Telsey Downgrades Urban Outfitters to Market Perform from Outperform

Telsey Advisory Group has downgraded Urban Outfitters to "Market Perform" from "Outperform" after reviewing the company's latest earnings. While Urban Outfitters delivered better-than-expected sales, gross margin, and expense control for the second consecutive quarter, the firm was disappointed by the comparable sales miss, which underperformed across all three of its brands relative to market expectations.

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Williams Trading Upgrades Crocs to Buy from Hold

Williams Trading is now bullish on Crocs, upgrading the stock to "Buy" from "Hold." The firm was particularly encouraged by the recent announcement that actress and producer Sydney Sweeney has been engaged as a brand ambassador for Crocs’ HEYDUDE line. Williams Trading believes that Sweeney's addition will successfully attract younger consumers and bring needed attention to the brand.

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Loop Reiterates Apple as a Buy

Loop Capital remains positive on Apple, reiterating its "Buy" rating. The firm’s supply chain checks indicate that iPhone shipments for the September quarter are tracking stronger than anticipated. As a result, Loop has maintained its $300 price target on the stock, reflecting continued confidence in Apple's performance.

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