Here are the biggest calls on Wall Street on Thursday: Bank of America reiterates Nvidia as buy The bank says Nvidia shares remain "compelling" at current levels. "Meanwhile, we continue to believe valuation at 25x/19x CY26E/27E PE remains compelling given it represents just ~0.5x earnings growth rate versus broader Mag-7 and growth peers at ~2x." Bank of America reiterates Oracle as buy Bank of America lowers its price target to $300 per share from $368 following the database manager's earnings. "The stock has now retraced its entire move and then some following the OpenAI announcement, implying skittish investor confidence in Oracle' s ability to transform into an AI compute hyperscaler. However, we see potential for sentiment and estimates to reset higher." Read more. Barclays reiterates Tesla as equal weight The bank says Tesla's delivery numbers "likely won't matter for the stock." "While we expect soft 4Q deliveries, they likely won't matter for the stock." UBS reiterates Micron as buy UBS raises its price target on Micron Technology ahead of earnings next week. "Against this backdrop of tightening supply, we walk EPS estimates higher yet again and see EPS of ~$38 out in C2027E, justifying a PT of $295 (up from $275) and we remain Buy rated." BMO upgrades BCE to outperform from market perform BMO says the Canadian media company has a compelling risk/reward. "We are upgrading our rating on BCE from Market Perform to Outperform based on a relatively more attractive risk/reward profile. Canadian wireless and wireline service revenue growth estimates are unchanged and imply 2% y/y growth." Jefferies upgrades Roku to buy from hold Jefferies sees "revenue upside" in 2026. "With management's continued focus on cost discipline (MSD % opex growth can support multi-year DD% revs), ROKU offers one of the cleanest revision stories in internet heading into 2026." Goldman Sachs initiates Abercrombie & Fitch and Boot Barn at buy Goldman says Abercrombie & Fitch and Boot Barn are best positioned. "We initiate coverage with a Buy on ATZ, BOOT, and GRGD for their aggressive store opening cadences, and on ANF for what we see as sustainable single-digit comp growth, thoughtful pricing, and what we believe is an overreaction to undeniable but ultimately transient margin pressure." Mizuho initiates Rigetti Computing at outperform Mizuho initiates coverage of several quantum computing stocks on Thursday and says it's bullish. "We are initiating coverage on the Quantum Computing (QC) space with IONQ at Outperform/PT$90, RGTI at Outperform/PT$50, and QBTS at Outperform/PT$46." Bernstein initiates BridgeBio at outperform Bernstein says it sees "ample upside" for the biotech company. "We initiate on BBIO with an Outperform rating and $94 PT." Goldman Sachs names Amazon and Meta Platforms top picks in 2026 Goldman says both stocks remain top ideas heading into next year. "We continue to see AMZN as being positively levered to the AI theme across its core cloud (AWS) and eCommerce businesses and see the scope for sustained upside node on operating profits as underappreciated in the years ahead. In addition, we would highlight META (perhaps one of the most heavily debated stocks in our coverage universe) as trading with a positive risk/reward skew into 2026..." UBS initiates KKR at buy UBS says the private equity investment company is like a mini Berkshire Hathaway. " KKR leverages its balance sheet as a strategic investment engine, enabling it to operate similarly to a 'mini-Berkshire Hathaway.'" Piper Sandler upgrades Unity to overweight from neutral Piper says in its upgrade of Unity that the mobile ad tech company's business is strong. "The mobile app ads market looks healthy." Piper Sandler reiterates Alphabet as overweight Piper raises its price target to $365 per share from $330. " Google stole the show in our Ad buyer survey with Search taking share of digital budgets for the first time in 3 years. ROI remains strong and Pmax & Gemini appear to be potent products driving incremental revenue. Impressive fundamentals indeed, but everyone agrees: GOOGL's multiples are up ~50% in the last year. We boost estimates & raise PT to $365, reiterate OW." Morgan Stanley reiterates Meta Platforms as overweight Morgan Stanley lowers its price target to $750 per share from $820 but says it's sticking with Meta heading into 2026. "We are bullish into '26 through this negative investor sentiment and believe 1) revenue revisions 2) a $155bn and under '26 opex guide and 3) models and monetization nodes from the Superintelligence team will drive re-rating and outperformance. PT to $750, $1,000 bull case." Truist upgrades Global-E Online to hold from sell and dLocal to buy from hold Truist sees "increased volume growth expectations" for both fintech payment companies. "...while we are also upgrading two cross border specialists (dLocal to Buy from Hold and Global-e to Hold from Sell) as we increased volume growth expectations for both firms." Deutsche Bank upgrades JB Hunt to buy from hold Deutsche says the shipping and freight company is a top idea in 2026. "Our improved 2027 earnings estimate for JBHT is mid-teens greater than consensus ($9.40 vs. $8.35) as we envision a return to double-digit margins in the company's intermodal division, to a level still modestly below the average annual intermodal margin it generated from 2017-2019." Bank of America upgrades Visa to buy from neutral The bank calls Visa a "great business on sale." "Following recent underperformance, we believe Visa shares offer very attractive return potential, and we are upgrading to Buy from Neutral." Bank of America downgrades PayPal to neutral from buy Bank of America sees a lack of visibility. "We are downgrading PayPal (PYPL) to Neutral. PYPL's effort to reinvigorate growth in its core branded checkout is taking longer than expected and limits near-term upside, in our view." Citigroup upgrades Bausch & Lomb to buy from neutral Citi says the stock has robust fundamentals. "Admittedly some of the stock wobbliness likely came from the lack of stock liquidity (Bausch Health still owns 88% of BLCO , and discussions of a potential sale in the lay press in 2024. Still, we believe Bausch's business fundamentals remain solid." Baird downgrades Citizens Financial to neutral from outperform Baird downgrades the regional bank on valuation. " CFG – Great execution and fundamental story finally reflected in valuation." Bank of America upgrades Synopsys to buy from neutral Bank of America says in its upgrade of the electronic design automation company, after its latest results, that shares of Synopsys are attractive at current levels. "While the stock could consolidate at current-levels after the ~20% recent run, we believe it provides an attractive lower-beta, AI-levered/adjacent candidate with recurring sales tied to more resilient chip design R & D spending."
