Wall Street Updates

Here’s a look at some key updates from Wall Street this Thursday:

Oppenheimer on Nvidia: Oppenheimer remains optimistic about Nvidia, suggesting strong revenue growth in sectors like high-performance gaming and AI. They anticipate solid results heading into next week’s earnings report.

Barclays Upgrades CIBC: Barclays has upgraded CIBC from underweight to overweight, citing potential upside. They note the bank’s progress in achieving medium-term goals, supported by metrics like expanding return on equity and stable earnings.

Goldman Sachs Launches Credo Technology: Goldman Sachs has initiated coverage on Credo Technology, suggesting a buy rating with a price target of $165. They see a favorable risk/reward scenario for this company.

Evercore ISI on Dell: Evercore is optimistic about Dell’s upcoming earnings but has reduced its price target from $180 to $160 per share. They mention strong demand in traditional hardware and anticipate positive revenue estimates.

Raymond James Upgrades Chewy: Raymond James has upgraded Chewy from market perform to outperform, suggesting that after recent weakness, the stock presents an appealing opportunity. They view the current environment as favorable for both top-line growth and margin improvement.

Mizuho Initiates Tempus AI: Mizuho has started coverage on Tempus AI with an outperform rating and a $100 price target, indicating optimism about future growth in the AI healthcare sector.

RBC on Rhythm Pharmaceuticals: RBC believes Rhythm Pharmaceuticals is well-positioned in the growth and obesity markets and has initiated coverage with an outperform rating.

Mizuho Upgrades LeonaBio: Mizuho has upgraded LeonaBio from neutral to outperform, highlighting the appealing risk-reward profile ahead of significant data expected in 2027.

KeyBank on Symbotic: KeyBank has raised Symbotic’s rating from sector weight to overweight after investor meetings, demonstrating an increasingly positive outlook on industrial automation stocks.

Bank of America on Palantir: Bank of America has removed Palantir from its Top Ideas list but still maintains a buy rating, emphasizing ongoing confidence in the company.

Bank of America on Carvana: Despite lowering the price target for Carvana, Bank of America continues to see the stock as a “buy”. They mention ongoing growth and market expansion.

Wells Fargo on AxoGen: Wells Fargo sees AxoGen as well-positioned for growth in nerve repair, maintaining an overweight rating on the stock.

Needham on Analog Devices: Needham upgraded Analog Devices to hold buy, indicating confidence in future performance following strong quarterly results and positive guidance.

Bank of America on Dentsply Sirona: Bank of America upgraded Dentsply Sirona from neutral to buy, noting the stock’s compelling risk-reward ratio at current levels.

Deutsche Bank Reiterates DoorDash: Deutsche Bank described DoorDash’s recent earnings report as a “liquidating event,” leading to a positive outlook based on improving unit economics.

Daiwa Upgrades Verizon and T-Mobile: Daiwa has upgraded Verizon to a buy rating, recognizing its low valuation and strong position in the market, while also upgrading T-Mobile based on similar reasoning.