Here are Wednesday's biggest analyst calls: Nvidia, SpaceX, Netflix, Zoom, Apple, Robinhood & more
Here are Wednesday’s biggest calls on Wall Street: Morgan Stanley reiterates Netflix as overweight Morgan Stanley lowered its price target on Netflix but said it’s sticking with the stock following earnings. ” NFLX c ontinues to grow revs double digits (+11-12% y/y) in what is more balanced growth across members & pricing. Advertising is tracking ~$300mn light for the year.” Morgan Stanley reiterates SpaceX as overweight Morgan Stanley said SpaceX stock is “only just now starting to get interesting” following earnings on Tuesday. “Big 3Q beat. Punchy outlook (up to $37bn revs in 1Q27, > 10GW incremental compute in FY27). Elon Musk’s carefully crafted answer to THE QUESTION. Is it just me, or is the SpaceX story only just now starting to get interesting? Lockups? Please.” Read more. Citi adds a positive watch on SpaceX The firm said SpaceX is firing on all cylinders following earnings. “We are opening a positive 90 day Catalyst Watch on SPCX . Our view is based on the following: (1) SPCX has established a track record of beats/raises which we believe will continue into 4Q26, (2) Flight 15 is likely to be a monumental space-industry catalyst that sets the stage for rapid reusability on a scale never before demonstrated in launch…” UBS reiterates Apple as neutral UBS said its survey checks show wait times for the foldable iPhone will “trend lower” for Apple. “We expect wait times for the foldable globally to continue to trend lower.” Piper Sandler upgrades DigitalOcean to overweight from neutral Piper says buy the dip. “Following our analysis and pullback in shares, we are upgrading DOCN to OW but reducing our PT to $126,” TD Cowen downgrades Chipotle to hold from buy TD Cowen said it’s concerned about slowing sales for Chipotle. “We worry Oct. sales are shaping up to miss the 4Q inflection point that we had previously expected over an easy monthly compare.” Jefferies upgrades Chagee Holdings to buy from neutral Jefferies said it sees a “sustainable recovery” for the China tea company. “We upgrade Chagee to Buy with a new PT of US$14.90, supported by consistent execution, greater confidence in a sustainable recovery, and potential shareholder returns.” Rosenblatt initiates Robinhood as buy Rosenblatt said the company is a “generational growth story.” “We are initiating coverage on shares of HOOD with a Buy rating and $135 price target.” RBC downgrades Mobileye to underperform from sector perform RBC said the stock is overvalued. “Until MBLY demonstrates meaningful customer diversification and Base ADAS resilience to architectural shifts, we cannot justify a premium multiple.” Raymond James upgrades Prologis to outperform from market perform Raymond James said buy the dip. “We believe that the recent pullback in PLD shares presents a unique buying opportunity in this large-cap, marquis REIT in our coverage.” UBS upgrades Clean Harbors to buy from hold UBS said fundamentals are getting better. “We upgrade CLH to Buy driven by potential earnings upside from capital deployment and improvement in fundamentals.” Baird upgrades Northrop Grumman to outperform from neutral Baird upgraded the aerospace and defense company following earnings. “We are upgrading NOC to Outperform and raising the price target to $675 (up $125), following a beat and raise across revenue and adjusted EPS on the 3Q26 print, further supported by bullish commentary from management tied to long- term growth in 2027 and 2028, respectively.” Roth initiates AIR Global as buy Roth said the social inhalation hookah company has plenty of upside. “We are initiating coverage of AIR Global (AIIR) at Buy with an $11.50 price target.” Oppenheimer upgrades Zoom to outperform from perform Oppenheimer said it’s gaining “confidence” in the stock. “We attended the Zoomtopia conference in the last two days and were impressed by the company’s range of new services, as were its customers. We are upgrading ZM from Perform to Outperform with a $130 price target as we gain confidence in its transition from video meetings to a broader AI communications and workflow platform.” Evercore ISI upgrades Fifth Third to outperform from in line Evercore said the stock is too attractive to ignore at current levels. “Upgrading to Outperform as increasingly favorable fundamental outlook presents upside to valuation. We are upgrading FITB to Outperform from In Line as we expect the firm’s strong fundamental outlook to drive above-peer returns.” Melius reiterates Nvidia as buy The firm said in a note that SpaceX’s quarterly results are a positive for stocks like Nvidia, “SpaceX & SMCI Point to Optimism for Nvidia, Dell & Even CoreWeave.” Barclays downgrades Cirrus Logic to underweight from equal weight Barclays downgraded the stock citing the Apple supply chain. “Downgrade CRUS t o UW: No new content in CY27, a weaker AAPL unit environment, and likely some pricing pressure on the AAPL supply chain in the new year combine for a difficult outlook.” Needham downgrades Netflix to hold from buy Needham downgraded Netflix on Wednesday and said it sees too many negative data points following the company’s earnings report. ” NFLX’s strategic position is deteriorating compared with YouTube (which has faster viewing growth and lower content costs), and DIS and SKYD (which have diversified rev streams).”
