Friday’s Biggest Analyst Calls: Nvidia, Tesla, Sharkninja, Ferrari, Synchrony, Advanced Micro Devices, Caterpillar, Oracle & More

Here are Friday’s biggest calls on Wall Street:

Here’s a roundup of the most notable analyst calls shaping market sentiment on Friday:

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Wells Fargo reiterates Tesla (TSLA) as Underweight
Wells Fargo maintained its underweight rating on Tesla, emphasizing that the stock remains overvalued. The firm noted, “Stay Underweight there’s still too much hype priced into the shares.”

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Mizuho initiates Viking Holdings (VIK) as Underperform
Mizuho began coverage on Viking Holdings with a bearish outlook, saying that competition in the cruise industry is currently too fierce. The analysts quipped, “We’d book the cruise, not the stock,” citing an unfavorable risk-to-reward setup.

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Morgan Stanley reiterates Nvidia (NVDA) as Overweight
Morgan Stanley reaffirmed its bullish stance on Nvidia, highlighting ongoing optimism for both the near and long term.
“Our view remains positive,” the firm said. “Even though the market has grown more confident recently, we still see the stock navigating a ‘wall of worry’ that could lead to further gains.”

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BMO upgrades Weatherford International (WFRD) to Outperform
BMO initiated coverage on Weatherford with an outperform rating and a price target of $82 per share, citing the company’s expanding global presence in drilling operations.

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HSBC upgrades Synchrony Financial (SYF) to Buy from Hold
HSBC upgraded Synchrony, saying the consumer finance company’s current valuation looks attractive. The bank noted Synchrony’s “solid credit performance, improving growth prospects, and discounted valuation” as reasons for the upgrade.

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Baird upgrades Littelfuse (LFUS) to Outperform from Neutral
Baird turned bullish on the electronics component maker, expressing greater confidence in the company’s cyclical recovery. “We’re upgrading Littelfuse to Outperform,” the analysts said, pointing to durable recovery trends and an improving power semiconductor cycle.

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Macquarie upgrades Baidu (BIDU) to Outperform from Neutral
Macquarie raised its rating on Baidu, citing “hidden value” within the Chinese tech giant’s business. The firm expects Baidu to benefit from diversified revenue streams and sees long-term growth opportunities from its AI cloud and robotaxi initiatives.

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TD Cowen reiterates Advanced Micro Devices (AMD) as Buy
TD Cowen reaffirmed its buy rating on AMD while increasing its price target from $195 to $270 per share. Analysts noted that, although a recent deal with OpenAI drove shares higher, the company’s upcoming November analyst day and expected strong results might not serve as immediate catalysts.

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William Blair upgrades nCino (NCNO) to Outperform from Market Perform
William Blair boosted its outlook on nCino, describing the software company as a “compelling opportunity.” The firm said nCino is making meaningful progress toward the strategic goals it outlined during its May 2025 investor conference.

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JPMorgan adds SharkNinja (SN) to Focus List
JPMorgan added SharkNinja to its Analyst Focus List, labeling it a “growth idea.” “We see the recent pullback as a buying opportunity for investors with a medium- to long-term view,” analysts said, despite some near-term sales deceleration.

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Jefferies upgrades Core Natural Resources (CNR) to Buy from Hold
Jefferies turned positive on Core Natural Resources, citing renewed strength in U.S. thermal coal demand. “The outlook for coal is improving as rising power needs especially from data centers boost demand,” analysts said. “This supports higher production forecasts, stronger long-term cash flow, and better valuations.” Jefferies also reiterated a buy on Peabody Energy (BTU).

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Citi reiterates Oracle (ORCL) as Buy, Raises Price Target
Citi reaffirmed its buy rating on Oracle, lifting its price target from $395 to $415 per share.
The firm acknowledged that shares have fallen over 10% since their peak, attributing the pullback to investor concerns about backlog quality, profitability, and the broader AI market’s sustainability.

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Jefferies reiterates Caterpillar (CAT) as Buy
Jefferies maintained a buy rating on Caterpillar, saying the machinery giant is well positioned to benefit from infrastructure and data center demand. The analysts emphasized that Caterpillar’s diverse range of engines, turbines, and microgrid technologies gives it a strategic advantage.

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JPMorgan upgrades NetEase (NTES) to Overweight from Neutral
JPMorgan upgraded NetEase, becoming more optimistic about the Chinese gaming company’s future releases. “We’re increasingly confident in NetEase’s 2026 game lineup,” the firm said, noting that its profit estimates for 2026–2027 are now higher than market consensus.

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Citi initiates Aptiv (APTV) as Buy
Citi began coverage on Aptiv with a buy rating and a $109 price target, highlighting the vehicle technology firm’s strong positioning in the evolving auto sector.

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Bank of America reiterates Ferrari (RACE) as Buy, Trims Price Target
Bank of America maintained its buy rating on Ferrari but adjusted its price target to $450 from $496 per share. The firm praised Ferrari’s consistent financial strength and unmatched brand prestige, noting that the company remains a “unique asset” in the luxury performance car market, complemented by its Formula 1 team.

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