Here are Thursday’s biggest calls on Wall Street: Bernstein reiterates Nvidia as outperform The firm said Nvidia is a key player in the robotic chip market. “We see Nvidia and Horizon as early movers in the segment with high potential to win in the market.” Bank of America reiterates Arm as buy Bank of America said shares of Arm have plenty more room to run following earnings on Wednesday. “Overall, we continue to like ARM’s positioning in the data center/AI market, as we expect: 1) share gains vs. x86 counterparts, 2) growing content per core ($0.50 to $1.50+), 3) growing number of cores (72 to 128+), 4) increasing pipeline including a slew of Stargate announcements…” HSBC upgrades Caterpillar to buy from hold HSBC said it sees an “AI tailwind” for Caterpillar. “Upgrade to Buy, raise TP to USD660 (from USD405) on better outlook.” Bank of America reiterates Qualcomm as buy The firm raised its price target to $215 per share from $200 following earnings. “We believe that Qualcomm is a long-term beneficiary of growing 3G/4G/5G smartphone, tablet and cellular enabled machine to machine adoption worldwide.” Read more. Bank of America reiterates DoorDash as buy Bank of America lowered its price target on DoorDash to $305 per share from $325 but said it’s sticking with the stock. “Overall, business is accelerating (highest restaurant growth in 3 years despite QSR headwinds), with strong MAU [monthly active users] & frequency growth supporting topline trends that should continue into ’26.” Compass Point upgrades Jack Henry to buy from hold Compass Point said it sees upside earnings revisions for the tech consulting company. “Execution is a huge portion of why JKHY trades at a premium to peers FIS and FI and investors should be focused on management teams that can deliver consistent results. We expect JKHY to enter a period of upside earning revisions.” Barclays upgrades Bunge to overweight from equal weight Barclays said it’s getting more constructive on the food processor. “We upgrade BG to OW (from EW) and raise our price target to $120 (from $105) as we see better long-term margins stemming from the vertical integration related to the Viterra merger, which was less dilutive than feared.” Stifel upgrades Biogen to buy from hold Stifel said the risk/reward is attractive. “We are upgrading Biogen to Buy.” Baird upgrades Charles River to outperform from neutral Baird said in its upgrade of the biomedical company that it’s “playing the long game.” “Not a great quarter, not a ton of visibility, expect some chops along the way. However, we like what CRL is doing for items within its control, and we see tremendous cushion to protect and grow EPS until markets recover.” Piper Sandler downgrades e.l.f. Beauty to neutral from overweight Piper downgraded the beauty company stock following earnings. “While strong momentum at rhode is continuing, 3-4% sales growth implied for core ELF in FY26 is disappointing and not deserving of a premium multiple, in our view, considering resilience of the category, easing comparisons, comments about strength in innovation and struggling competitive set in mass.” William Blair upgrades LegalZoom to outperform from market perform William Blair upgraded the legal services website following earnings. ” LegalZoom reported an impressive beat-and-raise, with organic revenue growth accelerating for the second straight quarter.” RBC upgrades Champion Homes to outperform from sector perform RBC said the homebuilder has margin “resilience.” “We upgrade SKY to Outperform and raise our PT to $91, following solid F2Q results that reflect strong price/cost mgmt.” RBC upgrades UMB Financial to outperform from sector perform RBC upgraded UMB after a series of meetings with management at the financial services company. “We recently hosted investor meetings with Chairman and CEO Mariner Kemper, Chief Financial Officer Ram Shankar, and Director of Investor Relations Kay Gregory. The overall message was positive and consistent with recent commentary from the company.” Goldman Sachs reiterates Robinhood a buy Goldman raised its price target to $181 per share from $170 following earnings. “Looking ahead, the company reiterated continued focus on rolling out a number of new products, including Robinhood B anking, tokenization, prediction markets, shorting and Robinhood Social.” Morgan Stanley initiates Galaxy Holdings as overweight The firm said the crypto company is firing on all cylinders. “We view Galaxy Digital as a compelling combination of 1) a nascent AI data center developer with a clear path to monetizing one of the largest single-campus HPC data centers under development and 2) a blockchain-enabled investment bank.” Stifel upgrades Scotts Miracle-Gro to buy from hold Stifel said it has “increased conviction in the margin profile.” “We are upgrading SMG shares to Buy from Hold while maintaining our $70 target price assuming SMG shares approach parity with consumer staples peers.” Read more. Goldman Sachs upgrades Hamilton Lane to buy from neutral Goldman said the capital markets company is well positioned. “We are upgradin g HLNE to Buy from Neutral with a $165 price target, representing > 30% upside. HLNE offers a compelling entry into the fastest-growing segments of Alternative Asset Management: 1) Wealth/Evergreen and 2) Secondaries.” Morgan Stanley reiterates Apple as overweight Morgan Stanley said it’s bullish on Apple robotics. “We estimate Apple Robotics can generate $133bn of revenue by 2040 in our ‘median case’, with upside toward $300bn of revenue, equating to $20-65 of per share value today.” Jefferies upgrades Public Service Enterprise Group to buy from hold Jefferies said in its upgrade of PSEG that investors should buy the dip in the public utility stock. “Upgrade to Buy with $90 PT after being worst-performing non-CA utility stock YTD.” Deutsche Bank reiterates Snap as buy Deutsche raised its price target to $12 per share from $9 following earnings. ” Snap’s strategic partnership with Perplexity AI represents a meaningful step toward building out alternative revenue streams, as similar to Pinterest, large advertisers in the US seem to be pulling back from advertising on the platform.” Bank of America upgrades RBC Bearings to buy from neutral Bank of America said the bearings manufacturer is a beneficiary of the One Big Beautiful bill. “We upgrade RBC Bearings (RBC) to a Buy from Neutral.” Bank of America upgrades Digital Ocean to buy from underperform Bank of America said it see growth re-acceleration for the software company. “We are upgrading shares of Digital Ocean (DO) from Underperform to Buy given (1) Preliminary revenue guide for 2026 approaching 20% growth, (2) Improved visibility and conviction in demand including signing multiple 8-figure deals…” RBC downgrades Bumble to sector perform from outperform RBC downgraded the stock following earnings. ” BMBL’ s Q3 was challenging -…While we’ve been less optimistic for some time on online dating (August earnings, May earnings as examples), significant negativity has been so deeply embedded in BMBL’s multiple at ~5-6x FFY EBITDA that we felt downside too limited to warrant a rating change.” Argus upgrades Super Micro to buy from neutral Argus said buy the dip in Super Micro shares. “In our view, missteps by the company on revenue delivery and margin shortfalls are fully reflected in the share price, while the potential for strong forward momentum is being overlooked.” Deutsche Bank upgrades GXO to buy from hold Deutsche said in its upgrade of the shipping company that it’s a leader in warehouse automation. “We’ve been fans o f GXO stock from a thematic perspective for some time.”
