Here are Thursday’s biggest calls on Wall Street:
The firm said Nvidia shares are “compelling.”
“Meanwhile, we believe the stock is providing a particularly attractive opportunity for one of the most unique, high-quality tech franchises leading the largest and fastest growing secular trends.”
Bernstein said it thinks Ferrari is well positioned to withstand any tariffs.
“Ferrari manufactures all its highly desirable cars in Maranello, Italy and so it is clearly in the cross-hairs of the 25% tariff on auto imports that President Donald Trump announced yesterday. By the same token, we are hard-pressed to think of any customer cohort in the US that is better placed than Ferrari’s to absorb higher prices.”
Jefferies said street estimates remain too high for the chip company.
“We are also moving AMD to Hold given limited traction in AI, Street estimates too high, and expectations of mounting competition from Intel.”
Bernstein said investors “under-appreciate HOOD’s broader Financial/Money platform, beyond
its core focus on active traders.”
“Last night, Robinhood (HOOD) announced three disruptive products in wealth management & banking.”
HSBC lowered its price target on the stock to $130 per share from $165 and says there are “no quick fixes.”
“Tesla eschews many of the industry norms (holding list prices firm, making regular facelifts and model renewals) and has to date seen only minimal impact, but tougher competition and brand erosion is likely to see the impact of its strategy hurt more.”
The firm said Roku is “poised to enter the next phase of monetization which will drive revenue and profitability growth for the foreseeable future.”
“We are reinstating coverage of Roku with a Buy rating and $100 PO, based on ~27x our CY26 FCF/share forecast.”
Goldman Sachs said the energy company has an attractive risk/reward.
“We highlight PARR’s Hawaii refining business as positioned to benefit from a recovery in margins.”
KeyBanc raised its price target on the stock to $340 per share from $335.
“Based on our industry conversations and proprietary data, we are lowering our 1Q25 SSS growth for McDonald’s USA to -2%. But we are raising our 2Q25 SSS [same-store sales] growth estimate to 3.5% to reflect our optimism surrounding the innovation/marketing calendar.”
The firm lowered its price target on a slew of automakers amid tariffs.
“We are lowering our December 2025 price target for GM by -17% to $53 from $64, for Ford by -15% to $11 from $13, and for Ferrari by -12% to $460 from $525, effected by decreases in our chosen target multiples to reflect less confidence in earnings estimates that are for now unchanged, given the highly volatile regulatory backdrop with regard primarily to tariffs but also EV subsidies and potential consumer tax deductibility of vehicle interest expense for US-built vehicles.”
The firm said it sees U.S. budget pressures for the defense contractor.
“We are downgrading shares of Lockheed Martin (LMT) to Sector Perform from Outperform. We believe the F-35 faces greater headline risk for international sales (while we see little risk to actual order cancellations) and increased US budget pressure.”
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