Wednesday’s Biggest Analyst Calls: NVIDIA, Apple, Tesla, Coinbase, Amazon, Microsoft, Fedex, Duolingo & More

Here are Wednesday’s biggest calls on Wall Street:

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Loop Capital Maintains Buy Rating on Nvidia, Lifts Price Target
Loop Capital reaffirmed its bullish stance on Nvidia, citing strong momentum across the board. The firm raised its price target from $175 to $250, expressing confidence in the company’s financial outlook. “Our analysis shows the numbers clearly add up — even if that sounds overly optimistic,” Loop said, highlighting Nvidia’s continued dominance in the AI and semiconductor space.

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DA Davidson Begins Coverage on ServiceNow With Buy Rating
DA Davidson started coverage on ServiceNow, calling it a “best-of-breed” player in business automation. The firm issued a Buy rating with a price target of $1,150, emphasizing that ServiceNow has led the automation market for more than 20 years and remains well-positioned for long-term growth.

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Jefferies Upgrades Stellantis to Buy, Sees Turnaround Underway
Jefferies shifted its view on Stellantis from Hold to Buy, pointing to signs of a recovery. The firm noted that earnings pressures are likely to ease soon and that a newly appointed CEO from within the company could swiftly implement overdue strategic changes, especially around branding, operations, and technology. “The auto sector faces major headwinds,” Jefferies stated, “but many of Stellantis’s challenges are self-created and solvable.”

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Morgan Stanley Reaffirms Overweight Rating on Tesla After Robotaxi Demo
Morgan Stanley continues to favor Tesla, maintaining its Overweight rating in the wake of the company’s robotaxi rollout. The firm acknowledged some imperfections in initial ride demos, but said the overall user experience appeared safe and largely uneventful. Morgan Stanley anticipates further refinements over time and remains confident in Tesla’s long-term innovation pipeline.

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Bernstein Reiterates Outperform on Coinbase, Raises Target to $510
Bernstein held its Outperform rating on Coinbase and boosted the price target from $310 to $510. The firm described Coinbase as “the most misunderstood company” in the crypto space, citing underappreciated strengths in its business model and position in the evolving digital asset landscape.

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Wells Fargo Bumps Up Microsoft Price Target, Keeps Overweight Rating
Wells Fargo maintained its Overweight rating on Microsoft while lifting the stock’s price target to $585 from $565. The bank sees Microsoft’s AI efforts, particularly in application-layer products like Copilot, contributing more meaningfully to earnings in the coming years. “Our scenario analysis suggests potential upside of over $100 billion by FY29,” Wells noted.

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Goldman Sachs Upgrades Kraft Heinz to Neutral
Goldman Sachs raised its rating on Kraft Heinz from Sell to Neutral. The upgrade reflects a more balanced risk/reward profile, with the firm citing the company’s strategic review as a potential catalyst for upside. “We believe previously anticipated risks are now more appropriately priced in,” Goldman said.

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Goldman Sachs Upgrades Duke Energy to Buy
Goldman also upgraded Duke Energy, moving it from Neutral to Buy. The firm noted the stock has underperformed other defensive names this year and sees new regulatory developments paving the way for significant power generation projects that the current stock price doesn’t reflect.

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JPMorgan Lifts Yum Brands to Overweight
JPMorgan upgraded Yum Brands, the parent company of KFC, to Overweight from Neutral. The firm pointed to consistent unit growth exceeding 4%, solid free cash flow, and an attractive valuation following recent weakness.

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BTIG Downgrades NuScale Power to Neutral
BTIG downgraded NuScale Power from Buy to Neutral. The firm said the stock has more than doubled since the company indicated in mid-May it would secure its first U.S. order by year-end. The valuation now appears stretched in BTIG’s view.

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Citi Starts Waystar at Buy, Sees AI Upside
Citi initiated coverage on Waystar, a cloud-based financial solutions firm, with a Buy rating and a $45 price target. The analysts believe Waystar is on the verge of benefiting from a major AI-driven productivity boom.

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JPMorgan Reaffirms Amazon as Top Pick
JPMorgan kept its Overweight rating on Amazon, calling it its “best idea.” The firm’s $240 price target for December 2025 is based on projected 2026 free cash flow of $75 billion and potential for a Prime price hike in 2026.

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Deutsche Bank Recommends Buying the Dip in FedEx
Following earnings, Deutsche Bank maintained its Buy rating on FedEx. The firm was encouraged by the company’s effective use of “multiple pricing levers” and believes the stock offers a solid entry point after recent volatility.

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Canaccord Starts Flutter at Buy, Citing Competitive Advantage
Canaccord began coverage on Flutter Entertainment with a Buy rating. The firm praised the company’s evolution from a local bookmaker to the world’s largest online gambling operator, noting its superior edge over rivals.

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Argus Reiterates Buy on Apple, Launches Coverage on Duolingo
Argus maintained its Buy rating on Apple, pointing to the growing base of active devices and the company’s ability to consistently roll out popular products. It also initiated coverage of Duolingo with a Buy rating and a $575 price target, citing the language learning app’s strong market position and growth potential.

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