Thursday’s Biggest Analyst Calls of the Day: Nvidia, Marvell, Apple, Tesla, Amazon, Robinhood & More

Here are the most significant Wall Street analyst calls from Thursday:

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Evercore ISI names Amazon a top pick
Evercore ISI has upgraded Amazon to top pick status, expressing strong confidence in the growth of Amazon Web Services (AWS).

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The firm highlighted AWS’s artificial intelligence segment as a key driver, noting it has become a multi-billion-dollar revenue business. This portion of AWS is expanding at a triple-digit annual growth rate, progressing three times faster than AWS did during its early cloud computing days.

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Bernstein reiterates Nvidia as outperform
Bernstein reaffirmed its outperform rating on Nvidia, citing the company’s underappreciated potential in the data center market.

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According to the firm, the data center business presents substantial growth opportunities, with significant room for further upside as the sector remains in its early stages.

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JPMorgan downgrades Campbell Soup to neutral from overweight
JPMorgan lowered its rating on Campbell Soup, pointing to weak trends in the company’s snack division.

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The firm expressed reduced optimism compared to previous evaluations, adding that the stock is currently trading near its fair value, leaving little room for further gains.

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Baird reiterates Tesla as outperform
Baird maintained its outperform rating on Tesla but added a bearish "fresh pick" label and reduced its price target to $370 per share from $440.

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The firm cited concerns over delivery volumes, suggesting that recent sales data from key regions indicates a potential risk to Tesla’s first-quarter delivery estimate of 437,500 vehicles.

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Goldman Sachs reiterates Apple as a buy
Goldman Sachs reiterated its buy rating on Apple following the release of new Mac products.

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The firm believes that the launch of these new devices will help Apple meet its fiscal second-quarter revenue growth target, even though the starting price of the MacBook Air was lower than expected.

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Rosenblatt upgrades Zscaler to buy from neutral
Rosenblatt upgraded Zscaler to a buy rating after the cloud security company reported strong earnings.

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The firm emphasized that Zscaler’s latest results exceeded expectations due to improving billings growth and expanding profit margins. It also noted that better marketing efforts and increased sales efficiency are driving larger deals and more up-sells.

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JPMorgan reiterates Liberty Formula One as overweight
JPMorgan reaffirmed its overweight rating on Liberty Formula One, citing the company’s defensive nature in uncertain economic conditions.

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The firm highlighted Liberty’s contracted revenue streams exceeding $14 billion at year-end as an appealing feature in a volatile macroeconomic environment.

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Seaport upgrades Lennar, KB Home, and D.R. Horton to buy from neutral
Seaport upgraded homebuilders Lennar, KB Home, and D.R. Horton, suggesting an attractive risk/reward profile.

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The firm noted that since its sector downgrade in September, homebuilder stocks have dropped approximately 30%. It now sees potential for these stocks to outperform as the market shifts toward later-cycle sectors.

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Wells Fargo downgrades MongoDB to equal weight from overweight
Wells Fargo downgraded MongoDB after the company’s latest earnings report.

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The firm pointed out that MongoDB’s revenue guidance and operating margin fell below expectations. With a reduced number of multi-year deals, Wells Fargo expects it will be difficult for MongoDB to surpass forecasts in fiscal year 2026, leading to a likely range-bound stock performance.

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Morgan Stanley downgrades Brown-Forman to underweight from equal weight
Morgan Stanley lowered its rating on Brown-Forman, citing several negative factors impacting the alcohol company.

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The firm expressed concerns about muted growth prospects due to weak demand for U.S. and global spirits, structural challenges in alcohol consumption, potential tariff risks, and an oversupply of American whiskey.

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RBC initiates Insulet as outperform
RBC began coverage of Insulet with an outperform rating, emphasizing the company’s leadership in its market segment.

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The firm praised Insulet’s differentiated technology, particularly its exclusive patch-based automated insulin delivery system, which provides significant competitive advantages.

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Deutsche Bank upgrades Freeport-McMoRan to buy from hold
Deutsche Bank upgraded Freeport-McMoRan, highlighting the company’s attractive valuation and potential growth drivers.

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The firm cited three key factors supporting the upgrade: the possibility of increased cash flow from U.S. copper tariffs, Freeport’s substantial gold exposure, and the stock’s appealing valuation.

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CLSA upgrades Futu Holdings to high-conviction outperform from outperform
CLSA upgraded Futu Holdings, expressing strong confidence in the Asian fintech company’s future performance.

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The firm expects Futu’s fourth-quarter results to show robust new client growth, steady asset inflows, and increased trading activity, though it also anticipates higher operational expenses due to one-time compensation costs and lower commission rates.

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Loop upgrades Marvell to buy from hold
Loop Capital raised its rating on Marvell Technology to buy following stronger-than-expected quarterly results and improved forward guidance.

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The firm pointed to the recent 40% decline in Marvell’s stock price as a buying opportunity, given the company’s solid fourth-quarter performance and above-consensus projections for the first quarter of fiscal year 2026.

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Cantor Fitzgerald initiates Robinhood as overweight
Cantor Fitzgerald initiated coverage of Robinhood with an overweight rating, highlighting optimism about the company’s cryptocurrency business.

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The firm expressed a positive outlook on Robinhood’s underlying business, stating, "We like what’s under the HOOD."

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