Thursday's Biggest Analyst Calls: Nvidia, Tesla, Salesforce, Chevron, Dell, Snowflake, Netflix & More

Wall Street's Major Analyst Calls for Thursday

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Goldman Sachs Reiterates Nvidia as a Buy
Goldman Sachs reaffirmed its buy rating for Nvidia, raising its price target to $165 from $150 following the company's recent earnings report.

“We maintain our Buy rating on Nvidia, which remains on the Americas Conviction List, highlighting a promising catalyst-rich trajectory ahead,” the firm stated.

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Morgan Stanley Initiates UMB Financial as Overweight
Morgan Stanley initiated coverage of UMB Financial with an overweight rating, citing the bank’s distinctive deposit base.

“UMB Financial stands out as one of the top plays on lower interest rates among midcap banks,” Morgan Stanley noted.

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Rosenblatt Upgrades Palo Alto Networks to Buy
Following Palo Alto Networks’ earnings announcement on Wednesday, Rosenblatt upgraded the stock from neutral to buy.

“The company’s strong quarterly performance underscores the successful execution of its platform strategy,” Rosenblatt said.

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William Blair Downgrades Ulta to Market Perform
William Blair lowered its rating on Ulta Beauty from outperform to market perform, pointing to challenges in the beauty sector's recovery.

“Our downgrade reflects concerns over optimistic 2025 consensus expectations, which assume an early beauty market rebound that we believe is unlikely,” the firm explained.

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Goldman Sachs Downgrades XPeng to Neutral
Goldman Sachs downgraded Chinese electric vehicle maker XPeng from buy to neutral, mainly due to valuation concerns.

“With four new model launches expected in 2025 and projected volume growth of 81% year-over-year, we still see potential. However, competitive pressures, particularly in the first quarter, warrant caution,” Goldman said.

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Wells Fargo Initiates GE Vernova as Overweight
Wells Fargo initiated coverage of GE Vernova with an overweight rating, emphasizing the company's role in key growth trends.

“GE Vernova is set to benefit from long-term power demand growth fueled by AI-driven data centers, U.S. reshoring, and electrification,” the firm stated.

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Bank of America Reiterates Netflix as a Buy
Bank of America maintained its buy rating on Netflix and raised its price target to $1,000 from $800.

“The recent Jake Paul vs. Mike Tyson boxing match streamed on Netflix attracted 60 million households and over 108 million global live viewers, underscoring the platform’s appeal,” Bank of America noted.

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Morgan Stanley Reiterates Dell as Overweight
Morgan Stanley reaffirmed its overweight rating on Dell, looking ahead to the company’s earnings next week.

“This is a compelling story for 2025. We’d recommend buying on any post-earnings weakness,” the firm said, maintaining a $154 price target.

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Citi Upgrades DT Midstream to Buy
Citi upgraded DT Midstream to buy from neutral, citing the company’s robust growth potential.

“DT Midstream’s market cap surpassing $10 billion should attract a broader investor base, including international participants,” Citi explained.

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Goldman Sachs Reiterates Chevron as a Buy
Goldman Sachs reiterated its buy rating on Chevron, raising the price target slightly from $167 to $170.

“We remain positive on Chevron, expecting a 10% total return as the stock approaches our updated price target,” the firm stated.

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Barclays Upgrades Royal Bank of Canada to Overweight
Barclays upgraded Royal Bank of Canada from equal weight to overweight, citing its robust scale and diverse business model.

“We see Royal Bank of Canada as well-positioned to capitalize on its market strengths,” Barclays said.

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Goldman Sachs Initiates Merus Therapeutics as a Buy
Goldman Sachs initiated coverage on Merus Therapeutics with a buy rating, highlighting its promising potential in the biotech space.

“We see Merus as having best-in-class opportunities, with a 12-month price target of $73,” Goldman said.

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Goldman Sachs Reiterates Snowflake as a Buy
Following Snowflake’s earnings, Goldman Sachs reaffirmed its buy rating and a $220 price target.

“Snowflake’s impressive results reinforce our confidence in its ability to sustain mid-20% revenue growth and achieve 25% free cash flow margins at a $4 billion revenue scale,” Goldman noted.

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Bank of America Reiterates Tesla as a Buy
Bank of America reiterated its buy rating on Tesla, highlighting its strong growth outlook for 2025.

“With production volumes expected to rise 20-30% year-over-year, the launch of a ride-hailing app, Shanghai battery deliveries, and progress on full self-driving technology, Tesla is well-positioned for next year,” the firm stated.

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JPMorgan Reiterates Palo Alto Networks as Overweight
JPMorgan reaffirmed its overweight rating on Palo Alto Networks, citing its solid performance despite seasonally softer conditions.

“Palo Alto continues to deliver healthy results, driven by progress in its platform strategy,” the firm said.

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Bank of America Reiterates TJX Companies as a Buy
Bank of America maintained its buy rating on TJX Companies, calling it a “resilient share gainer” after the company delivered better-than-expected traffic growth.

“TJX achieved comps at the high end of guidance (+3%) despite unfavorable weather impacts,” the firm explained.

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Goldman Sachs Reiterates Salesforce as a Buy
Goldman Sachs raised its price target for Salesforce from $325 to $360, reaffirming its buy rating after the Agentforce World Tour.

“Conversations with customers and partners bolster our confidence in Salesforce’s AI strategy and execution,” Goldman noted.

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