Here are Thursday's biggest analyst calls: Nvidia, Tesla, Salesforce, AppLovin, Broadcom, Netflix, Southwest & more
Here are Thursday's biggest calls on Wall Street: Bank of America reiterates Salesforce as buy Bank of America said Wednesday's earnings report was "not a game changer" but that's sticking with the stock. "We believe Salesforce is well positioned to continue capturing share of the cumulative $200 billion market opportunity." JPMorgan reiterates HP Inc as overweight JPMorgan said it's sticking with the stock following earnings on Wednesday. " HPQ is leveraging a combination of price increases as well as supply chain changes to offset the effect of tariffs on margins, but is expected to reach closer to neutralizing the headwinds in F4Q, with part of F3Q still challenged by the tariff landscape." Citi names AppLovin a top pick Citi thinks the stock may be added to the S & P 500. "We are elevating AppLovin to our top pick driven by three items: 1) We believe APP could be included in the S & P500 in the upcoming index rebalancing round on June 6, 2025, 2) We believe the launch of APP's self-serve tools are apt to accelerate eCommerce revenues in 4Q25 and 2026 and 3) We sense that APP is not widely held by the majority of our clients as many investors view the firm as a 'black box'." Wedbush reiterates Tesla as outperform Wedbush said it's standing by the stock after Elon Musk officially announced he was leaving Doge. "In another clear positive step for Tesla bulls, Elon Musk officially left the Trump White House last night ... which is music to the ears of Tesla shareholders with Musk now laser focused on Tesla and the autonomous vision ahead." Barclays downgrades Aspen Aerogels to equal weight from overweight Barclays said it sees too many negative catalysts for Aspen. "With the phasing out of EV tax credits and GM slowing its domestic EV production, we have materially lowered our assumptions over the next several years and consequently downgrade our rating to Equal Weight after cutting our 2026E EBITDA by 20%." TD Cowen downgrades Starbucks to hold from buy TD Cowen said it's concerned about "deteriorating value perceptions." "We forecast Starbucks settling into a new 2026-28 EPS base vs. consensus that does not appear to be considering labor investments central to the turnaround. We also see risk that a return to normalized SSS is delayed by deteriorating value perceptions, historical underperformance in recessions, & increased competition." Bank of America reiterates Nvidia as buy Bank of America raised its price target on top pick Nvidia to $180 per share from $160 following earnings on Wednesday. "Our positive view on Nvidia is based on its underappreciated transformation from a traditional PC graphics chip vendor, into a supplier into high-end gaming, enterprise graphics, cloud, accelerated computing and automotive markets." Deutsche Bank reiterates Broadcom as buy Deutsche said it's bullish ahead of earnings next week and the stock remains a favorite idea. "Overall, we continue to view AVGO as offering a unique combination of upside drivers with its AI business ramping in XPUs + Connectivity, its cyclical businesses slowly rebounding, and its Software business benefitting from VMW integration. As such, AVGO remains one of our favorite names in semis." Deutsche Bank reiterates GE Aerospace as buy Deutsche raised its price target on the stock to $300 per share from $261. " GE is hosting an investor day at the Paris Air Show on June 17. We think the company will likely raise 2025 guidance, raise 2028 guidance, and offer some longer-term color on a handful of discrete operational items to help partially frame expectations for future earnings growth post 2028." Jefferies downgrades GE Vernova to hold from buy Jefferies downgraded the stock on valuation. "We see accelerating demand for power infrastructure and a structural pruning of a challenged Offshore Wind business driving EBITDA and FCF margins well above the Street as GE Vernova completes its turnaround amid structurally constructive conditions." Deutsche Bank upgrades Southwest to buy from hold Deutsche said it sees more robust shareholder returns for the airline. "The three drivers behind our Buy rating are as follows: 1) Southwest's refreshed board of directors has ushered in a new era of change at the company, which we think will drive higher shareholder returns; 2) current strategic initiatives should drive meaningful revenue and EBIT growth over the next 12 - 24 months; and 3) we think Southwest's return on invested capital will significantly improve over the next two years." Citi reiterates Procter & Gamble a top pick Citi said the consumer goods company is a top idea at the firm. "Procter & Gamble (PG) is our preferred Buy rated name in the space, with a potential for OSG [organic sales growth] re-acceleration to the 3%+ range as the US market improves (evidenced in scanner data) and China moves to flattish (after two years of large declines)." Piper Sandler upgrades Claritev to overweight from neutral Jefferies downgrades Cleveland-Cliffs to hold from buy Jefferies downgraded the steel company following Nippon's deal for U.S. Steel. "Protectionist policies will help, but the outlook for steel in the US has become less positive at the margin. We downgrade Cliffs , which is most leveraged to changes in steel pricing, to Hold to reflect this view." Roth MKM initiates USA Rare Earth as buy Roth said the rare earth company is well positioned. "We are initiating coverage on USA Rare Earth (USAR) with a Buy rating and a $15 price target." RBC downgrades Salesforce to sector perform from outperform. RBC downgraded the stock following earnings on Wednesday. "We are downgrading our rating on Salesforce from Outperform to Sector Perform and lowering our price target to $275 from $420 after Salesforce reported a relatively in-line quarter. Our downgrade is primarily driven by the formally announced acquisition of Informatica for $8B..." Citi reiterates Netflix as neutral The firm raised its price target on the stock. "We are not making any changes to our estimates for Netflix. However, we are raising our target price from $1,020 to $1,250 per share." Wells Fargo upgrades Tenet Healthcare to overweight from equal weight Wells said it likes the hospital company's growth strategy. "We think THC's hospital portfolio rationalization and USPI [United Surgical Partners International] growth strategy has been highly effective."
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