Thursday's Biggest Analyst Calls: NVIDIA, Ferrari, Tesla, AMD, Roku, McDonald's, Robinhood and More

Here are Thursday’s biggest calls on Wall Street:

‍

Wolfe Research Upgrades Equinix to Outperform
Wolfe Research believes economic uncertainty may actually favor Equinix’s data center business.

‍

“With this note, we are upgrading Equinix Inc. (EQIX) to Outperform from Peer Perform.”

‍

Morgan Stanley Raises Liberty Energy to Overweight
The firm sees Liberty Energy as benefiting from data center expansion.

‍

“We believe the earnings potential of LBRT’s new Power Generation Services (PGS) division is undervalued and presents a compelling opportunity.”

‍

Bank of America Reaffirms Nvidia as a Buy
BofA remains optimistic about Nvidia’s stock, calling it a strong investment.

‍

“The company remains a leader in high-growth, transformative technology trends, making its shares particularly appealing.”

‍

Bernstein Maintains Outperform Rating on Ferrari
Bernstein believes Ferrari can navigate tariff concerns effectively.

‍

“Although Ferrari’s Italian production places it within the scope of a newly announced 25% auto import tariff, we expect its affluent customer base to absorb any price hikes without significant impact.”

‍

Jefferies Downgrades AMD to Hold
Jefferies sees challenges ahead for Advanced Micro Devices (AMD), citing high market expectations.

‍

“We are moving AMD to Hold due to limited AI traction, overly optimistic street projections, and intensifying competition from Intel.”

‍

Bernstein Keeps Robinhood at Outperform
Bernstein argues Robinhood’s business is broader than just active trading.

‍

“Last night, Robinhood (HOOD) introduced three disruptive products in wealth management and banking, further expanding its financial services platform.”

‍

HSBC Lowers Tesla Price Target and Maintains Reduce Rating
HSBC reduced its target for Tesla from $165 to $130 per share, citing structural challenges.

‍

“Tesla operates outside traditional industry norms, avoiding model refresh cycles and keeping list prices firm. While this has worked so far, intensifying competition and potential brand erosion could make its strategy less effective.”

‍

RBC Upgrades Northrop Grumman to Outperform‍

The firm believes Northrop Grumman is in a strong position as U.S. defense priorities shift.

‍

“We are upgrading Northrop Grumman to Outperform, recognizing its alignment with evolving Department of Defense spending.”

‍

Stifel Initiates Roper Technologies with a Buy
Stifel sees Roper Technologies as offering a unique industrial software portfolio.

‍

“We are launching coverage of Roper Technologies with a Buy rating and a $685 price target.”

‍

Bank of America Reinstates Roku as a Buy
BofA sees Roku entering a new phase of monetization, supporting revenue and profit growth.

‍

“We are resuming coverage of Roku with a Buy rating and a $100 price target, based on our 2026 free cash flow forecast.”

‍

Goldman Sachs Upgrades Par Pacific to Buy
The firm highlights Par Pacific’s strong positioning in refining.

‍

“We believe Par Pacific’s Hawaii refining business is set to benefit from margin recovery, presenting an attractive risk/reward profile.”

‍

JPMorgan Initiates Mereo BioPharma at Overweight
JPMorgan sees a buying opportunity in Mereo BioPharma.

‍

“We are initiating coverage on Mereo (MREO) with an Overweight rating and a December 2025 price target of $7.”

‍

KeyBanc Reiterates Overweight Rating for McDonald's
KeyBanc slightly raises its price target for McDonald’s to $340 per share from $335.

‍

“Based on our industry analysis, we are lowering first-quarter 2025 U.S. same-store sales growth projections to -2%. However, we are increasing our second-quarter estimate to 3.5%, reflecting confidence in upcoming innovations and marketing initiatives.”

‍

Bank of America Upgrades Check Point Software to Buy
BofA sees Check Point undergoing a strategic turnaround under new leadership.

‍

“We believe CEO Nadav Zafrir is implementing key changes to transform the company’s outlook, justifying our upgrade.”

‍

JPMorgan Maintains Overweight Ratings on GM, Ford, and Ferrari, While Cutting Price Targets
JPMorgan adjusted its forecasts for several automakers amid tariff concerns.

‍

“We are lowering our December 2025 price targets for GM (-17% to $53 from $64), Ford (-15% to $11 from $13), and Ferrari (-12% to $460 from $525). These adjustments reflect reduced confidence in earnings estimates due to an uncertain regulatory environment, including tariffs and potential EV subsidy changes.”

‍

Mizuho Upgrades Chemours to Overweight
Mizuho sees potential upside in Chemours despite past challenges.

‍

“When it rains, it pours—but the sun eventually shines. Chemours remains a global leader in fluorine-based refrigerants and specialty plastics, as well as a top producer of TiO2 pigments used in paint.”

‍

RBC Downgrades Lockheed Martin to Sector Perform
RBC sees budget pressures affecting Lockheed Martin’s outlook.

‍

“We are downgrading Lockheed Martin (LMT) to Sector Perform. While we do not expect order cancellations, the F-35 program could face increased scrutiny, particularly in international markets, alongside U.S. defense budget constraints.”

‍