22-05-2025
Here are Thursday's biggest analyst calls: Nvidia, Apple, Tesla, Target, Planet Fitness, Snowflake, Sunrun, Zoom & more
Here are the biggest calls on Wall Street on Thursday: Goldman Sachs reiterates Apple as buy Goldman says it's sticking with the stock heading into its Worldwide Developer's Conference on June 9. "We expect AAPL to demonstrate continued progress toward incorporating AI into its operating systems through developer access to its AI models for app development as well as the potential announcement of Gemini AI integration on iPhones given Alphabet CEO Sundar Pichai's recent comments regarding hopes to finalize a partnership with Apple by mid-2025." Needham initiates Philip Morris at buy Needham says the tobacco company is a market leader. "We are initiating coverage of PM with a Buy rating and $195 PT. PM has already made great strides in transforming towards a smoke-free business and has solidified itself as the market leader in both heated tobacco and nicotine pouches, two of the healthiest categories across the consumer landscape that carry a higher margin profile relative to combustibles." Bank of America downgrades Target to neutral from buy Bank of America says the outlook is "uncertain" following earnings on Wednesday morning. "We downgrade TGT to Neutral (from Buy) and lower our PO to $105 (from $145) based on 12x our lowered F27E adj. EPS of $8.00. Despite valuation near 10-year lows, we see increased uncertainty as top-line weakness continues and the timing of comp recovery gets pushed out, with softer sales driving higher markdowns and thus incremental margin pressure for TGT." Goldman Sachs reiterates Snowflake as buy Goldman is sticking by its bullish call on the stock following earnings on Wednesday. "Stepping back, we're increasingly positive on Snowflake evolving into a broader data operating system that manages everything from ingestion to analytics to data sharing to AI workloads — backed by accelerating product velocity — augmenting our conviction in the company's ability to durably sustain mid-20's growth at-scale with best-in-class FCFM's [free cash flow models]." Oppenheimer reiterates Nvidia as outperform Oppenheimer says it's bullish on the stock ahead of earnings next week. "NVDA remains best positioned in AI, in our view, benefiting from full-stack AI hardware/software and unique rack-level approach. Reiterate Outperform and $175 target." RBC upgrades Dana to outperform from sector perform RBC says the auto parts supplier is "misunderstood" and undervalued. "Finally, sentiment around tariffs appear to be improving and for Dana specifically, exposure is lower versus auto peers." Macquarie upgrades Xpeng to outperform from market perform Macquarie upgraded the China EV company following earnings on Wednesday. " XPeng continues to execute ahead of expectations in a difficult domestic EV market." JPMorgan upgrades Urban Outfitters to overweight from neutral JPMorgan upgraded the lifestyle retailer following earnings on Wednesday. " URBN maintains three fashion-forward brands, strong ecommerce penetration and a healthy real estate portfolio in key metro markets." Citizens JMP initiates Core Scientific at market outperform Citizens says the bitcoin miner is well positioned. "Emerging from bankruptcy on January 16, 2024, Core Scientific possesses a power load capable of adding significant shareholder value." Stifel upgrades Planet Fitness to buy from hold Stifel said in its upgrade of the gym chain that it sees several positive catalysts ahead. "We upgrade PLNT shares to Buy from Hold and raise our 12-month TP to $120. Recent results suggest gross joins have stabilized, and we believe there are several potential catalysts to keep comparable sales in the mid-to-high single-digit range over the next couple of years." Bernstein initiates Expand Energy at outperform Bernstein says the gas producer is well positioned. "We initiate coverage on Expand Energy (EXE) with an Outperform rating — the dominant gas producer in the pivotal gas basin, Haynesville." Piper Sandler reiterates Tesla as overweight Piper says it's sticking with the stock ahead of its robotaxi launch. "TSLA's recent run is due to multiple expansion; all eyes are on the robo-taxi launch." BMO downgrades Sunrun to underperform from market perform BMO said it's concerned about solar tax credit changes if revisions are made to the latest tax bill being floated by Congress. "Downgrading RUN to Underperform and reducing our target price to $4/share from $9/share. Revisions to the 'One Big Beautiful Bill Act', if adopted, suggest to us that RUN's ability to claim the solar ITC [investment tax credit] on residential solar leases under Section 48E in FY 2026+ is in jeopardy." Citi initiates Solaris Energy Infrastructure as buy Citi says the energy company is a data center beneficiary. "We initiate coverage on SEI with a Buy/High Risk rating." KeyBanc upgrades United Rentals to overweight from sector weight KeyBanc said the equipment rental stock has an attractive entry point. "We attended URI's Specialty Rental Analyst Day in Ridgefield, NJ, where management showcased its ability to drive outsized market share gains through leveraging the scale of its industry-leading fleet size and its differentiated onestop-shop portfolio, including high-value niche Specialty offerings." Williams Trading downgrades Canada Goose to sell from hold William says it sees too many headwinds for the retailer. "While the brand's product offerings are beginning to be diversified, Canada Goose is not a luxury brand. Luxury brands sales are driven by great compelling product, a great brand strategy, and weather does not generally materially impact sales." Melius downgrades Marvell to hold from buy The firm says it sees too many negative catalysts for Marvell. "This call just hasn't worked out. We are not saying there is a lot of downside in a stock that is down 46% YTD but there is a risk that shares stay rangebound and/or do not perform as well as the bulk of our semis and hardware coverage for the rest of 2025 and 2026." Needham upgrades Zoom to buy from hold Needham said in its upgrade of Zoom that it's finally utilizing its pricing power. "We believe the company is at an interesting inflection point where revenue headwinds from Online are easing, dilution from stock-based compensation has peaked and the share count can decrease with buybacks moving forward, and finally the pricing power of the business may be returning due to new embedded AI functionality as evidenced by the latest price increase for Online taking effect June 1st."
