Thursday’s biggest Wall Street analyst calls

Here are the biggest calls on Wall Street on Thursday: Goldman Sachs reiterates Microsoft as buy Goldman says the stock remains extremely attractive following earnings on Wednesday. “We believe Microsoft is one of the most compelling investment opportunities in the technology industry and across sectors.” Bank of America reiterates as Meta as buy Meta remains a “top AI pick” following earnings on Wednesday. “We think Meta’s Al driven ad improvements still have several quarters to play out. We see strong drivers for 2025 growth, including: 1) Growing usage trends driven by Al and video, 2) Al solutions driving higher ROI and incremental ad spend…” Oppenheimer reiterates Coinbase as outperform Oppenheimer says it’s sticking with the crypto company following earnings on Wednesday. ” COIN has a strong balance sheet which provides optionality for the stock.” Wolfe reiterates Robinhood as outperform Wolfe says investors should buy the dip in shares of Robinhood and that the “crypto optionality” is still intact following earnings on Wednesday. “Our tactical caution was warranted, but would urge investors to add on weakness with 4Q guidance + optionality from crypto / active trader supporting favorable risk-reward.” Goldman Sachs upgrades Meritage Homes to buy from neutral Goldman said in its upgrade of Meritage that it’s bullish on the homebuilder. “As such, we see the current valuation as an attractive entry point and are upgrading our rating to Buy from Neutral, with a revised price target of $235 from $205 prior implying 32% upside potential from current levels.” Bernstein downgrades Arm to underperform from market perform The firm says it’s struggling to find upside in the semis stocks. “While the story has remained relatively unchanged in an overall gloomy semiconductor environment (beyond AI), Arm’s share price has rallied nearly 40% since our upgrade less than a quarter ago.” JPMorgan downgrades Brinker to neutral from overweight JPMorgan said after a “huge run” in the stock the firm downgraded the owner of Chili’s mainly on valuation. ” Brinker’s 1Q25 results were headlined by Chili’s 14.1% comps, including 6.5% traffic, which followed the 14.8% comp posted in 4Q24.” Oppenheimer upgrades KLA Corp to outperform from perform Oppenheimer says the capital equipment company has an “improved valuation.” “We upgrade KLA to Outperform on better than expected 1Q25 results and guidance, raising FY25-FY26 (June) estimates by 2%, and PT to $850 (prior $750).” Morgan Stanley downgrades Biogen to equal weight from overweight Morgan Stanley says the Alzheimer’s launch of its Leqembi drug has tracked below the firm’s expectations. “We downgrade BIIB to EW from OW as the Leqembi launch has tracked below our expectations (we lower our estimates) and we see limited pipeline optionality over the next 12 months.” Deutsche Bank downgrades Kraft Heinz to hold from buy Deutsche says it sees “reduced growth” following earnings. “Exiting FY3Q24 results, we have decided to downgrade KHC shares to Hold —the by-product of reduced growth and profitability assumptions into FY25 and over the medium-term.” Wolfe upgrades Dahaner to outperform from peer perform Wolfe said in its upgrade of the global conglomerate and manufacturer of commercial products that investors should buy the dip in Danaher. “Growth is improving, margins are expanding, there is capital to deploy, estimates are now poised to move up, and shares currently trade at FCF parity. With shares down > 10% this month, we view the time as right to upgrade to Outperform.” BTIG upgrades Wingstop to buy from neutral BTIG said investors should buy the dip following earnings on Wednesday. “We are upgrading shares of Wingstop to Buy from Neutral with a $370 price target following the post-earnings selloff in shares yesterday.” KBW upgrades Regions Financial to outperform from market perform KBW says shares of the regional bank are undervalued. “We believe Regions has tailwinds in treasury management and capital markets revenues.” Wells Fargo reiterates Target as overweight The firm says investors should buy the dip. “The excitement around TGT’s Q2 didn’t last long, as weakening sales data and rising promo headlines have turned investors cautious again. The N/T set-up seems tough either way, but we like the idea of buying weakness into ’25. Remain OW.” Wells Fargo reiterates Carvana as overweight Wells Fargo raised its price target on the online used car company to $300 per share from $250 following earnings on Wednesday. “We expect CVNA shares sharply higher today, with a robust Q3 and y/y retail unit growth that’s set to accelerate in Q4.” Wells Fargo reiterates Walmart as overweight The firm raised its price target on the stock to $90 per share from $88 ahead of earnings in mid-November. ” WMT looks poised to print another beat and raise.” Bank of America upgrades L3Harris Technologies to buy from neutral Bank of America says a “defense butterfly is emerging.” “After L3Harris announced the transformation initiative ‘LHX next’ at their 2023 Investor Day we have viewed the pragmatic approach favorably. That said, we were more conservative in giving credit to the prospect of growth through cutting back. Since then, we have viewed the results favorably. We see the leaner, focused, and evolved LHX as better equipped to deliver on commitments and results to the upside.”