Here’s a summary of the latest Wall Street ratings from Thursday: BMO has initiated coverage of Transunion, calling it their top pick in the information services sector, highlighting the company’s solid outlook. Guggenheim is recommending Equinix with a “Buy” rating, citing the stock’s recent price drop as a solid entry point, projecting a target price of $933 per share. Goldman Sachs believes stocks like Lamb Research and Seagate will generate stable income, even as the broader non-China market has faced consistent downtrends since 2022, characterizing the outlook as stable by 2026.
Goldman Sachs is also starting coverage on Nvidia and Broadcom, indicating that while monetization has been tough, there are signs of revenue growth that could validate investments in these companies. Deutsche Bank sees appealing stock opportunities, launching coverage of Micron with a target price of $150, and expresses optimistic expectations for both cyclical and longer-term growth trends.
First Solar has caught interest as Deutsche noted that it benefits from U.S. clean tech policy changes, especially with the recent inflation bill discussions. Goldman Sachs began coverage of Texas Instruments, expecting significant recovery in free cash flow per share during the cyclical rebound, setting a target price of $255.
McDonald’s received an upgrade from Goldman Sachs, moving from neutral to buy based on observations of product innovations and better value offerings, projecting an 18% upside with a target price of $345. Wells Fargo maintains an underweight rating on Tesla, citing drops in demand and price cuts.
Bernstein is upbeat about Amrize, starting it off with an outperform rating and a price target of $62. Meanwhile, Baird has upgraded TREX to outperform, noting consistent sales growth, which appears stable compared to the previous quarter.
KeyBanc has increased Roku’s rating from sector weight to overweight, suggesting that various drivers, including advertising innovations, are benefiting the company. Piper Sandler upgraded Oracle to overweight, predicting increased enterprise demand spurred by OpenAI growth.
Evercore ISI continues to favor Alphabet as their top choice based on strong earnings reports and positive revenue growth trends. Bank of America is also optimistic on Meta, raising its price target from $690 to $765, noting their substantial investment in smart glasses technology as a move towards future growth.
Deutsche Bank has initiated coverage of Cinemark with a target price of $36, seeing potential for box office success given its unique market position. HSBC upgraded AMD to buy, citing its advancements in AI gaming technologies, while Citi upgraded Carlyle Group, anticipating better investment banking gains.
Wedbush has reiterated its positive outlook on Palantir, raising the price target to $160 based on greater confidence in its AI strategy. Morgan Stanley also raised Netflix’s price target from $1,200 to $1,450, highlighting the efficiency of its new generative AI tools in reducing production costs.
Needham downgraded CoreWeave from buy to hold, updating their financial projections. Lastly, Wells Fargo upgraded Synovus while downgrading Coinbase due to valuation concerns. TD Cowen also downgraded Lockheed Martin, reflecting ongoing challenges with F-35 sales and a lack of upward estimate revisions. The share price target was adjusted to $480.
