Here are Thursday's biggest analyst calls: Nvidia, Tesla, Berkshire Hathaway, Amazon, Texas Instruments & more
Here are Thursday’s biggest calls on Wall Street: Bank of America reiterates Tesla as buy Bank of America said it’s sticking with the stock following Wednesday’s earnings. “We rate Tesla shares Buy as we view the company as the current leader in consumer autonomy and expect it to quickly become a leader in robotaxi services. TD Cowen reiterates Nvidia as buy TD Cowen said it’s sticking with Nvidia despite Google’s Wednesday unveiling of competing AI training and inference chips. “That said, we continue to view NVIDIA as the market leader in terms of performance and breadth of software ecosystem as evidenced by its own announcements with Google at the event…” UBS reiterates Berkshire Hathaway as buy UBS raised its price target on the stock to $581 per share from $578. “With BRK shares now trading at an even greater discount to their intrinsic value since the announcement, we believe the company’s level of activity in executing additional share repurchases will be a critical factor influencing investor sentiment.” Raymond James upgrades On Holding to strong buy from outperform The firm said On has pricing power. “We upgrade ONON to Strong Buy from Outperform after recent weakness. Growth should remain strong (supported by our checks), FX should be less of a drag, and long-term potential is intact.” HSBC initiates Oklo as buy HSBC said the nuclear company is firing on all cylinders. “Oklo is accelerating the integration of power, fuels and isotopes production, with the company pioneering an “owner-operator” model for its next-gen small modular reactors (SMRs).” Morgan Stanley downgrades CSX to underweight from equal weight Morgan Stanley said the stock’s valuation looks stretched. ” CSX delivered a decent 1Q beat even adjusted for real estate gains, and modestly raised the FY guide. Productivity actions are progressing well and mgmt. is building a pipeline to fill capacity but at well over 20x PE, this appears more than priced into the stock.” Bank of America reiterates IBM as buy Bank of America said it sees plenty of positives following the company’s earnings report on Wednesday. “We view IBM as a defensive investment given its high exposure to recurring sales, cost cutting levers, solid balance sheet, potential share gains, and relatively stable margins.” Bank of America reiterates Alphabet as buy The firm said it’s best positioned ahead of earnings next week. “We see Alphabet as well positioned long term with leading AI technology to apply to search, YouTube, and Cloud businesses.” Northland initiates USA Rare Earth as buy Northland said the rare earths company is firing on all cylinders. ” USAR is establishing compelling rare earth capabilities across the value chain. With > $3 billion in liquidity and ownership of one of the few producing mines outside of China, we think USAR is poised to be one of the first rare earth supply chain solutions fully outside of China.” Rosenblatt upgrades SiriusXM to buy from neutral Rosenblatt said the company is “poised to improve.” “SiriusXM yesterday announced an incredible endorsement from Google’s YouTube. SiriusXM was named ‘the exclusive advertising representative of YouTube audio advertising inventory in the U.S.,’ including audio ads in podcasts, talk shows and music. This would be the first time Google has ever hired an outside sales agent for one of its key properties.” Bernstein reiterates Amazon as buy Bernstein raised its price target on Amazon to $300 per share from $265. “The setup going into earnings is pretty straightforward and consistent for the group at large → (1) beat on core revenue targets, (2) deliver accelerating AI revenue growth, (3) leave CapEx unchanged for 2026…” Bank of America upgrades Texas Instruments to buy from neutral Bank of America upgraded the stock following earnings. “Texas Instruments’ (TXN) solid Q1 report and Q2 guide increases our confidence in TXN’s ability to: 1) Benefit from industrial resurgence, including in aero/defense, 2) Take advantage in data-center build, 3) Leverage the last 3 years of capex in US-fabs to potentially gain share in an “everything-is-constrained” chip environment.” Read more . Rothschild & Co Redburn upgrades McDonald’s to neutral from sell Rothschild said some of its concerns have been addressed. “Our primary concerns with McDonald’s have been unsustainable priceled growth, GLP-1 risk and persistently weak traffic. Two have been addressed. McDonald’s has executed the most comprehensive value reset since the Dollar Menu era.” Rothschild & Co Redburn initiates Datadog as buy The firm said it’s a “structural winner.” “With a near-worst case AI scenario priced in, we see Datadog as a structural winner due to its success in delivering product-led growth and excellent go-to-market track record.” JPMorgan downgrades Lucky Strike to underweight from neutral JPMorgan downgraded the bowling company after recent fieldwork. “We rate Lucky Strike (LUCK) Underweight with macroeconomic uncertainty pressuring traffic & a challenging pricing backdrop constraining comp growth to roughly Flat in FY26E, below the pre-pandemic average growth of +4.5% from 2017-2019.” Citi downgrades Madison Square Garden Sports to neutral from buy Citi said it sees an unattractive risk/reward. “We see a few potential changes at MSGS over the next 12-18 months: 1) a tax-free spin-off creating a separate stock for each team; 2) a new MSG facility when Penn Station is renovated; and 3) potential FCF headwinds from recent IRS changes. However, none of these levers are meaningful enough to materially change our target price.” KeyBanc initiates Stirling Infrastructure as buy Key said the infrastructure company is in the midst of a turnaround. “We are launching coverage on STRL with an OW rating and $572 PT.”
