Here are Thursday's biggest analyst calls: Nvidia, Apple, Broadcom, Micron, Microsoft, Amazon, Dell & more
Here are Thursday's biggest calls on Wall Street: KeyBanc initiates Cisco as overweight Key said Cisco has a long runway for growth. "We have seen product order growth remain healthy for several quarters in a row, which bodes well for 2026/2027 revenue growth expectations. In addition, we think the subscription/software mix shift makes CSCO appear relatively attractively valued vs. other software and security peers." Baird initiates Haemonetics as overweight Baird said the plasma collections company is in the midst of a turnaround. "... HAE is poised to remain a beneficiary of an expanding plasma-derived therapeutics market." UBS reiterates Apple as neutral UBS said it sees some risks on reports that Apple could acquire Perplexity AI. "Therefore, given Apple's AI efforts have been a bit underwhelming, we believe a deal would likely be construed as defensive in nature, not a positive catalyst, given the pending Google DOJ case with remedies expected in Aug-25." Citi upgrades Truist Financial to buy from neutral Citi said the banking stock is too attractive to ignore. "Upgrade to Buy – Too Much Value On Table To Ignore Combined With Buybacks And Improving Fundamentals." Bank of America reiterates Alphabet as buy The firm hosted a bull/bear debate with investors and said sentiment seems mixed for Alphabet. "Overall sentiment on the stock was mixed with concerns ranging from share loss and monetization challenges to Apple's reaction to the DoJ trial outcome, but we found that there is strong share of bulls on the stock." Benchmark reiterates Tesla as buy Benchmark said the robotaxi launch "sets the stage for growth." "We are raising our price target to $475 from $350 amidst the successful launch of TSLA's robotaxi business in Austin." Read more. Morgan Stanley reiterates Dell as overweight Morgan Stanley said it's sticking with shares of Dell. "With conviction in DELL' s ability to offset gross margin pressure with cost efficiency in an AI server bull case, we remain OW-rated." Piper Sandler initiates Amer Sports as overweight Piper said the sporting goods company has a "unique portfolio." "We initiate on Amer Sports (AS) with an Overweight rating and $45 PT. AS is a unique portfolio company where all 3 key segments are executing well which is rare in the Consumer space." Citi initiates Sandisk as buy Citi said the global data storage company is well positioned. "Sandisk is a global data storage developer of NAND Flash solutions, including SSDs [solid state drives], memory cards, USB sticks, portable drives and automotive.." UBS reiterates Nvidia and Broadcom as buy UBS said both stocks are key beneficiaries of AI demand. "In terms of stock calls on the back of this demand analysis, we remain bullish on NVDA and would also highlight AVGO as key Tier 1 beneficiaries of compute and networking demand, and would also highlight MU as a peripheral beneficiary of increased memory requirements. Globally, we would also highlight TSMC." Jefferies upgrades Kinross Gold to buy from neutral Jefferies said it's bullish on shares of the gold company. "We upgrade KGC from Hold to Buy and increase our PT from $14.00 to $18.00, implying ~18% upside." RBC upgrades General Mills to outperform from sector perform RBC upgraded the food products stock following earnings. "We are upgrading GIS to Outperform. While we acknowledge investor sentiment around packaged food remains poor and fundamentals have yet to fully turn, we believe GIS's FY'26 EPS guidance embeds enough cushion for it to deliver, despite an ongoing sluggish environment." Read more. Rothschild & Co. Redburn reiterates Amazon as buy The firm said Amazon is "resilient" buoyed by its Amazon Web Services offering. "Amazon shares have underperformed year-to-date, held back by weak AWS performance and tariff-related ecommerce concerns. However, our analysis indicates that AWS growth should comfortably exceed lowered expectations, enabling AWS to deliver its own Azure moment – a surprise reacceleration that resets expectations higher." Citizens upgrades Penn to market outperform from market perform Citizens said the gaming stock is at an inflection point. " PENN Entertainment has experienced several years of well-known headwinds primarily resulting from the build-out of its online businesses. The stock is down 87% from its all-time high, yet we are nearing an inflection point in the story whereby we see 38% upside in shares." Wells Fargo downgrades Trade Desk to equal weight from overweight Wells said in its downgrade of Trade Desk that it's concerned about competition for the ad tech company. "Amazon Competitive Impact Increasingly Likely in 2026; Downgrade to Equal Weight." UBS reiterates Micron as buy UBS raised its price target on the stock to $155 per share from $120 following earnings on Wednesday. "MU delivered against the only real investor expectations we heard into the call - HBM [high bandwidth memory] revenue and gross margin, both of which were in-line to a little better than bogeys." Read more. William Blair upgrades Elanco Animal Health to outperform from market perform The firm said in its upgrade of Elanco that the animal health company has a slew of positive catalysts ahead. "Earlier this week we hosted investor meetings with Elanco's president and CEO, Jeff Simmons. Our meetings and conversations gave us more color around current momentum and pipeline efforts that give us confidence to upgrade shares to an Outperform rating." Morgan Stanley reiterates Microsoft as overweight Morgan Stanley raised its price target on Microsoft to $530 per share from $482. "We update our capex-implied AI revenue analysis and our OpenAI model detailing the contribution to Azure. Core conclusion remains the same: conservatism in our Azure forecasts. With increased confidence in upside to Azure forecasts – our price target moves to $530 and conviction in OW remains." Deutsche adds a catalyst call buy on Anheuser-Busch InBev Deutsche said it's bullish ahead of earnings in late July. "We initiate a catalyst BUY o n ABI ahead of the company's 2Q results on 31 July following the recent pull back in the shares." UBS reiterates Meta as buy UBS raised its price target on the stock to $812 per share from $683. "And as Meta is also not necessarily exposed to the danger of what may be slower-than-anticipated enterprise AI spend – it is after all the primary user of its own technology – we worry less about a potential capacity-demand digestion phase we cite in the broader Q-series report. We maintain our Buy rating on META shares." Barclays initiates NRG Energy as overweight Barclays said shares of the energy company have plenty "more room to run." "We initiate on NRG Energy (NRG) with an Overweight rating and $197 price target." JPMorgan reiterates Apple as overweight JPMorgan lowered its price target on the stock but says it's sticking with Apple shares. "All that said, near-term demand drivers remain robust as a result of the pull-forward as well as support from subsidies in China, and position Apple to report robust results for F3Q25E. We are revising our earnings estimates and our Dec-25 price target to $230 vs. $245 prior." Bank of America reiterates Citi as buy Bank of America raised its price target on the stock to $100 per share from $89. "We consider Citi's turnaround as among the most complex in the corporate world, but [CEO]Fraser had undertaken actions (such as international consumer exits, balance sheet de-risking, tech/personnel investments, streamlining businesses, external talent) that gives Citi a fighting chance of becoming competitive, in our view."
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