Thursday’s Biggest Analyst Calls: Nvidia, Apple, Tesla, Mcdonald’s, Starbucks, Citi, Uber, Boeing & More

Here are the biggest calls on Wall Street on Thursday:

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Deutsche Bank Upgrades RTX to Buy

Deutsche Bank raised its rating on RTX (formerly Raytheon Technologies) from "Hold" to "Buy," citing its ability to grow earnings like an aerospace stock while being valued like a defense company. The price target was also increased to $140 from $131.

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JPMorgan Reiterates Overweight Rating for Apple

JPMorgan remains bullish on Apple, projecting resilience in its stock through the iPhone 17 cycle. The firm noted that investor sentiment might stay favorable as developments in Edge AI create new opportunities for consumer devices such as smartphones and PCs.

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Bank of America Adds Wells Fargo to Top Ideas List

Wells Fargo was named a top pick by Bank of America, emphasizing the stock's attractiveness due to potential regulatory relief and internal efficiency improvements. The firm's confidence is bolstered by a strong management team driving the bank forward.

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Bank of America Reiterates Nvidia as a Buy

Ahead of the Consumer Electronics Show (CES), Nvidia remains a top pick for Bank of America. The firm expects CEO-led events at CES to reinforce Nvidia's market leadership, particularly in AI and data center technologies.

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Jefferies Upgrades Topgolf Callaway Brands to Buy

Jefferies upgraded Topgolf Callaway Brands from "Hold" to "Buy," labeling the stock as "oversold." While fundamentals remain weak, the firm sees long-term value in the stock, citing missteps that could be corrected.

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Goldman Sachs Upgrades Cloudflare to Buy

Cloudflare received an upgrade from Goldman Sachs, moving from "Sell" to "Buy," with a revised price target of $140, up from $77. Goldman highlighted improvements in sales productivity and a favorable growth outlook.

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Jefferies Upgrades Simon Property Group to Buy

Simon Property Group was upgraded by Jefferies, which cited its attractive valuation and industry tailwinds. The firm's analysis suggests the company could further boost earnings through operational improvements.

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Barclays Initiates Coverage on Orchestra Biomed as Overweight

Barclays began coverage of Orchestra Biomed Holdings with an "Overweight" rating and a $16 price target, describing the firm as an innovative developer of impactful medical devices.

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Jefferies Upgrades CBRE to Buy

CBRE, a leader in real estate services, was upgraded by Jefferies due to its strong position in the outsourcing industry and growth potential in capital markets. The firm expects sustained double-digit revenue growth.

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JMP Downgrades Uber and Alphabet

JMP Securities downgraded both Uber and Alphabet to "Market Perform" from "Market Outperform." For Alphabet, the decision stemmed from concerns about potential antitrust penalties affecting its search business. Uber's downgrade reflected uncertainties surrounding the ride-sharing industry's transition to autonomous vehicles.

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Truist Reiterates Tesla as Hold

Truist maintained its "Hold" rating on Tesla, urging investors to consider the significance of the company's AI initiatives. The firm highlighted AI's potential as a long-term growth driver but flagged current valuation concerns.

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Wells Fargo Names McDonald's a Top Pick

McDonald’s was added to Wells Fargo's top ideas list for the first quarter. The firm cited strong recovery trends in U.S. traffic, new menu innovations, and favorable comparisons as key catalysts for growth.

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Wells Fargo Reiterates Citi as Overweight

Citi remains a top pick for Wells Fargo, which expects the stock to potentially double in the coming years. The firm pointed to improvements in earnings, efficiency, and returns as drivers of long-term performance.

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DA Davidson Upgrades US Bancorp to Buy

DA Davidson upgraded US Bancorp, believing the stock is at an inflection point after years of underperformance. The firm anticipates a return to positive operating leverage, supported by revenue growth and cost control.

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BTIG Names Starbucks a First-Half Favorite

BTIG sees 2025 as a pivotal year for Starbucks, emphasizing the company's potential for a sustainable turnaround. Management’s focus on resetting operations and slowing expansion is expected to yield long-term benefits.

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Goldman Sachs Adds Uber to Conviction Buy List

Goldman Sachs expressed optimism for Uber, citing the company's ability to sustain growth while improving profitability and free cash flow. The firm also highlighted the benefits of platform cross-selling and "flywheel" effects.

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Loop Capital Names Western Digital a 2025 Top Pick

Western Digital earned a spot on Loop Capital's top picks for 2025 due to a combination of fundamental strengths and special situation catalysts anticipated to drive value.

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Deutsche Bank Reiterates Boeing as Buy

Deutsche Bank reaffirmed its "Buy" rating for Boeing, raising its price target to $215 from $184. The firm expects continued upside as production momentum accelerates and free cash flow estimates improve.

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These analyst calls underscore the dynamic nature of the stock market, with a mix of optimism for growth sectors, caution around regulatory risks, and strategic upgrades reflecting evolving business fundamentals.

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