News Analyst
Here are Thursday’s biggest calls on Wall Street: Goldman Sachs reiterates its purchase of Nvidia. The company raised its price target on the stock to $165 per share, up from $150 after earnings. “We reiterate our Buy rating on NVDA (which is also on the Americas conviction list) and highlight the rich catalyst path ahead.” Morgan Stanley launches UMB Financial due to overweight Morgan Stanley said the commercial bank has a “differentiated deposit base.” “We see UMBF as one of the best ways to lower rates among mid-sized banks.” Rosenblatt raises Palo Alto Networks to buy from neutral. The company upgraded the stock after Palo Alto’s results on Wednesday. “The company delivered another strong quarterly performance, driven by the successful execution of its platform strategy.” William Blair downgrades Ulta from outperform to market perform. William Blair said he sees a “long-term recovery category” for Ulta stock. “We downgrade Ulta shares from Outperform to Market Perform. Our downgrade is based on the idea that after a hard reset of expectations at the October 16 analyst day, the 2025 consensus mix and operating margin looks still optimistic and include the expectation of an inflection in early 2025 in the beauty category, which seems unlikely to us » Goldman Sachs lowers XPeng’s rating to neutral after the purchase. downgraded the Chinese electric vehicle company primarily due to its valuation “With at least four new model launches in the pipeline in 2025, we continue to see strong volume growth of +81% year-over-year for XPeng. On the other hand, we remain cautious about the competitive environment heading into 2025, particularly in the first quarter which has historically seen intensifying price cuts Wells Fargo launched GE Vernova due to a. overweight Wells said he sees a “rise of AI power” for the power and renewable energy company’s shares. “GEV is a key beneficiary of expected long-term energy demand growth driven by AI data center construction, U.S. reshoring and electrification trends. » Bank of America reiterates that Netflix bought Bank of America raised its price target on the stock from $800 to $1,000 per share. “Last weekend, 60 million households (65 million peak concurrent streams; 108 million live viewers worldwide, open to close) watched the Jake Paul vs. Mike Tyson boxing match on Netflix.” Morgan Stanley reiterates its overweighting on Dell. The company said it was sticking with Dell ahead of next week’s earnings release. “We like this story for 2025 and would therefore be buyers of any post-earnings weakness, remaining OW with $154 PT.” Citi is upgrading DT Energy to purchase it from a neutral supplier. Citi said the gas pipeline company had “best-in-class” growth. “Additionally, DTM’s market capitalization is now above $10 billion, which is expected to attract the attention of a broader investor base, including international investors.” Goldman Sachs reiterates its purchase of Chevron. Goldman raised its price target on the stock from $167 to $170 per share. “For Chevron, we reiterate our constructive view on the stock, where we expect a total return of around 10% from our updated PT of $170/sh.” Barclays upgrades Royal Bank of Canada from overweight to equal weight. Barclays said it valued the Canadian bank’s “scale and diversified business model.” “We go from RY to equal weight to overweight.” Goldman Sachs initiates the acquisition of Merus Therapeutics. Goldman said the biotech company had “best-in-class” potential. “We are initiating coverage of MRUS (Merus NV) with a Buy rating and a 12-month price target of $73.” Goldman Sachs reiterates its purchase with Snowflake. The company said it appreciated the company’s “strong execution” following Wednesday’s results. “We reiterate our Buy rating and $220 price target on Snowflake (on the Conviction List) following impressive third-quarter results that reinforce our belief that the company can sustain mid-year revenue growth. 20-somethings at a $4 billion revenue scale while achieving 25% FCF margins…” Bank of America reiterates Tesla purchase. Bank of America said the stock is best positioned heading into next year. “Tesla appears well positioned for growth in 2025, given the latest comments provided during the earnings call, which include: production volumes up 20-30% year-over-year , the start of Cybercab production, the launch of a public transport phone call application, battery deliveries from the Shanghai factory and further progress in FSD (full self-driving) capabilities. its overweight on Palo Alto Networks The company said it was sticking with Palo Alto after its results on Wednesday. “The platform is moving forward with healthy results for what is typically a seasonally softer Bank of America quarter.” Reiterates Buy of TJX Companies. Bank of America called the stock a “resilient stock winner” after Wednesday’s results “Despite some adverse weather impacts, TJX posted results in the high range. the forecast range (+3%), thanks to the increase in traffic in all banners. » Goldman Sachs reiterates its purchase of Salesforce. Goldman said it was sticking with Salesforce shares. “We reiterate our Buy rating and increase our PT to $360 (from $325) following the Agentforce World Tour, where conversations with partners and customers left us with greater conviction in the execution of the Salesforce AI strategy.
https://www.cnbc.com/2024/11/21/thursdays-biggest-analyst-calls-like-nvidia.html
