Thursday’s Biggest Analyst Calls: NVIDIA, Amazon, AMD, Cisco, Coreweave, Sunrun & More

Here are Thursday’s biggest calls on Wall Street:
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Mizuho Reaffirms Nvidia, Dell, and AMD as Outperform
Mizuho boosted its price targets on several semiconductor stocks Wednesday evening.

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The firm now expects Nvidia (NVDA) to reach $205, up from $192, and AMD to hit $205, previously $183, citing stronger hyperscaler capital spending and additional support from China. Dell (DELL) also saw its price target rise to $160, up from $150, on the back of significant growth among Tier 2 cloud service providers.

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Bank of America Adds AMD to US 1 List
Bank of America placed Advanced Micro Devices (AMD) on its list of top investment ideas, signaling increased confidence in the chipmaker’s outlook.

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JPMorgan Cuts Li Auto to Neutral
JPMorgan downgraded Li Auto from overweight to neutral, pointing to growing competition in the EV space. The bank reduced its 2025 and 2026 volume and earnings projections by 10–20%, citing rapidly evolving market dynamics.

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Wells Fargo Starts Coverage on Steel Dynamics at Overweight
Wells Fargo initiated Steel Dynamics (STLD) with an overweight rating, favoring U.S.-focused companies. The firm believes domestic steel prices will remain supported by lower imports and lean inventories heading into year-end. Top picks include STLD and CMC, while global players like TX and MT face continued pressure from Chinese oversupply.

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UBS Begins Coverage on SiTime With Buy Rating
UBS launched coverage of SiTime (SITM), noting its strong AI-related potential. The firm set a price target of $260, representing a 20% upside.

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Citi Maintains Buy on CoreWeave
Citi reiterated its buy rating on CoreWeave, expecting strong AI-driven demand despite near-term pressure from an upcoming lock-up expiration. The bank anticipates a meaningful capacity and revenue inflection by Q4 of fiscal 2026.

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Redburn Initiates Regeneron at Buy
Rothschild & Co’s Redburn unit started coverage on Regeneron, issuing a buy rating and a $890 price target. The firm sees opportunity after the biotech stock’s sharp reversal following years of sector outperformance.

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Stephens Upgrades Asbury Automotive to Overweight
Stephens raised Asbury Automotive to overweight from equal weight, citing strong operational leadership under CEO David Hult. Feedback from industry contacts described Hult as a hands-on leader with exceptional attention to detail.

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Deutsche Bank Reaffirms Amazon as Buy
Deutsche Bank expressed cautious optimism about Amazon’s grocery strategy after the company introduced free same-day delivery for U.S. Prime members on perishable orders over $35. The firm believes this move could significantly boost Amazon’s grocery sales over time.

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HSBC Lifts dLocal to Buy
HSBC upgraded dLocal from neutral to buy after strong quarterly results. The fintech company posted a sizable EBIT beat and continues to show low earnings volatility along with improved disclosures.

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Mizuho Upgrades MAA to Outperform
Mizuho boosted Mid-America Apartment Communities (MAA) to outperform, citing accelerating rent growth, declining supply in core markets, and an underleveraged balance sheet. The firm set a price target of $150.

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Morgan Stanley Raises Cisco Price Target
Morgan Stanley reiterated Cisco (CSCO) as overweight and lifted its price target to $73 from $70, noting solid Q4 earnings and accelerating AI-related orders.

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Cantor Fitzgerald Starts Coverage on Workday With Overweight
Cantor initiated Workday (WDAY) with an overweight rating, calling it a high-quality asset trading at an attractive entry point. The firm highlighted strong management, competitive positioning, and margin expansion potential.

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Wells Fargo Maintains Sunrun as Top Pick
Wells Fargo reiterated Sunrun (RUN) as overweight and raised its price target to $14, up from $8, based on discounted cash flow analysis. The firm continues to view Sunrun as a leading name in residential solar.

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Citi Reaffirms Microsoft as Buy
Citi called Microsoft (MSFT) one of its top software picks, citing the company’s strong pricing power and accelerating gains in cloud and AI markets.

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Barclays Initiates Schrödinger as Overweight
Barclays launched coverage on Schrödinger (SDGR) with an overweight rating, praising its physics-based drug discovery platform and robust pipeline development strategy.

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BTIG Upgrades Kratos Defense to Buy
BTIG raised Kratos Defense (KTOS) to buy from neutral, expecting multiple catalysts ahead despite past concerns about lacking large-scale programs.

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Bank of America Upgrades Sherwin-Williams
Bank of America upgraded Sherwin-Williams to neutral from underperform, saying its earlier bearish thesis has largely played out as same-store sales slowed and second-quarter results disappointed.

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Baird Upgrades CVS to Outperform
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Baird lifted CVS to outperform, expressing growing confidence in the company’s healthcare benefits turnaround and earnings potential of roughly $5 per share by 2024.

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From semiconductor giants to retail chains and biotech innovators, Wall Street analysts remain active in revising outlooks and identifying new opportunities. These calls highlight where institutions see upside and where caution is warranted as the second half of the year unfolds.

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