Thursday’s Biggest Analyst Calls: NVIDIA, Apple, Tesla, Alphabet, Levi’s, Csx, Intel, Oracle & More

Here are the biggest calls on Wall Street on Thursday:

Here’s a rundown of the top analyst moves investors are watching today:

‍

Barclays reaffirms Nvidia as Overweight
Barclays boosted its price target on Nvidia (NVDA) to $240 from $200, maintaining its bullish stance.
The firm highlighted that with AI infrastructure capacity climbing over the past year, the market opportunity doesn’t seem unrealistic anymore. Barclays said Nvidia stands out as the most compelling name in the group.

‍

JPMorgan keeps Netflix at Neutral
JPMorgan reiterated a Neutral rating on Netflix (NFLX), calling the shares fairly valued at current levels.
The firm pointed out that while Netflix is up 35% year-to-date, beating the S&P 500’s 13% gain, the stock has only added 1% since mid-May, trailing the index’s 11% move. Analysts cited flat first-half engagement and rising competition from YouTube as near-term headwinds.

‍

Needham initiates Levi Strauss with a Buy
Needham launched coverage of Levi Strauss (LEVI) with a Buy rating and a 12-month price target of $28, citing strong execution and continued growth potential for the denim maker.

‍

Rothschild & Co Redburn starts Oracle at Sell
Redburn initiated coverage on Oracle (ORCL) with a Sell rating and a $175 target, saying it sees too many negative catalysts. The analysts warned that slowing non-IaaS growth and shifting investor focus to core fundamentals could present downside risks.

‍

Rosenblatt starts Webull at Buy
Rosenblatt initiated coverage on Webull with a Buy rating, highlighting the company’s rapid rise from a niche trading platform to the No. 2 mobile-first brokerage in the U.S. The firm noted Webull’s ability to leverage data and proprietary tech to capture active retail traders both domestically and abroad.

‍

Bernstein upgrades Freeport McMoRan to Outperform
Bernstein upgraded Freeport McMoRan (FCX) to Outperform from Market Perform, saying the recent pullback tied to issues at its Indonesia facility looks overdone. The firm believes copper’s strong backdrop remains intact.

‍

Seaport upgrades Intel to Neutral
Seaport Global raised Intel (INTC) to Neutral from Sell, noting some near-term positives despite long-term challenges. While the firm remains cautious about Intel’s strategic direction, it sees potential upside from additional investments and temporary fab solutions.

‍

BMO upgrades United Natural Foods to Outperform
BMO lifted United Natural Foods (UNFI) to Outperform, pointing to better-than-expected customer retention as the company executes its network optimization strategy. Analysts believe this provides more visibility and boosts confidence in UNFI meeting its EBITDA growth targets.

‍

Wells Fargo upgrades CSX to Overweight
Wells Fargo upgraded CSX (CSX) to Overweight from Equal Weight, raising its price target to $40 from $37. The firm expects operational headwinds to ease while new commercial agreements drive stronger volume growth.

‍

Morgan Stanley upgrades Slide to Overweight
Morgan Stanley upgraded insurance provider Slide (SLD) to Overweight, noting that limited weather-related catastrophes should support earnings per share growth. Analysts believe the stock remains inexpensive with durable long-term margins.

‍

Citigroup upgrades CME Group to Buy
Citi raised its rating on CME Group (CME) to Buy from Neutral, citing several positive catalysts ahead for the exchange operator.

‍

Wells Fargo upgrades Adient to Overweight
Wells Fargo lifted Adient (ADNT) to Overweight, seeing renewed momentum in the auto seating company’s turnaround story despite past delays from weak global production and cost inflation.

‍

Jefferies upgrades Ameresco to Buy
Jefferies upgraded Ameresco (AMRC) to Buy from Hold, saying the biggest risks tied to execution and Inflation Reduction Act uncertainty are now largely behind the renewable energy player.

‍

KeyBanc maintains Apple at Sector Weight
KeyBanc reiterated a Sector Weight rating on Apple (AAPL), saying early iPhone 17 checks show mixed demand. Analysts noted the stock has already run ahead of what appears to be only modestly better-than-expected demand trends.

‍

MoffettNathanson reaffirms Alphabet as Buy
MoffettNathanson reiterated a Buy rating on Alphabet (GOOGL) and raised its price target by $65 to $295, highlighting the company’s position as a key winner in AI.

‍

Baird reaffirms Tesla as Outperform
Baird maintained its Outperform rating on Tesla (TSLA), urging investors to buy the dip. The firm pointed to a series of upcoming catalysts, starting with the November 6 shareholder meeting.

‍