Thursday’s Biggest Analyst Calls: Nvidia, Apple, Meta, Coinbase, Alphabet, Nike, Csx, Abercrombie & Fitch & More

Here are Thursday’s biggest calls on Wall Street:

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RBC upgrades Nike to Outperform from Sector Perform
RBC believes Nike is making meaningful progress in its turnaround strategy. The firm pointed to stronger momentum in running footwear, encouraging channel checks, positive survey results, and a reorganized corporate structure that should lead to quicker, more accountable decision-making.

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Goldman Sachs upgrades StepStone Group to Buy from Neutral
Goldman Sachs sees StepStone as an overlooked winner in the wealth expansion of private markets. The firm lifted its rating to Buy with a price target of $83, implying about 37% upside from current levels.

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Roth initiates GrabAGun Digital with a Buy rating
Roth began coverage of GrabAGun Digital (NYSE: PEW), saying the firearms e-commerce platform is well positioned for growth. The firm assigned a Buy rating and an $8.25 price target.

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Barclays initiates BeOne Medicines as Overweight
Barclays took a bullish stance on BeOne (ONC), highlighting its oncology pipeline. The company is advancing therapies targeting both hematologic conditions and solid tumors.

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Citi reiterates Meta as Buy
Citi reaffirmed its positive view on Meta following the company’s Connect conference, where three new AI-powered smart glasses were unveiled. Analysts believe the product line could gain meaningful adoption and strengthen Meta’s broader AI device strategy.

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BMO initiates Dorman Products with Outperform
BMO launched coverage on auto parts maker Dorman Products, giving it an Outperform rating and a $180 target. The firm is optimistic about the company’s positioning in the automotive aftermarket.

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UBS downgrades Dropbox to Sell from Neutral
UBS turned bearish on Dropbox, citing ongoing demand challenges. The firm cut its rating to Sell and reduced its price target to $27 from $29.

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UBS downgrades Box to Neutral from Buy
UBS also lowered its stance on Box, moving to Neutral from Buy. The firm sees Box’s core business as stable but believes the near-term upside is limited.

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William Blair initiates Credo with Outperform
William Blair started coverage of Credo, a leader in high-speed connectivity solutions, with an Outperform rating. Analysts noted the company’s role in pioneering active electrical cables (AECs), which use silicon technology to extend copper data transmission up to seven meters—a capability especially relevant for AI-driven infrastructure.

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Mizuho reiterates Coinbase as Neutral
Mizuho boosted its price target for Coinbase to $300 from $267. The firm values the stock at roughly 20x earnings, reflecting strong growth trends, effective cost controls, and industry tailwinds, while noting the valuation now aligns with peers in payments and asset management.

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Goldman Sachs reiterates Tesla as Neutral
Goldman Sachs maintained its Neutral view on Tesla but raised its 12-month price target to $395 from $300. The firm expects long-term earnings growth to be supported by advancements in autonomy and robotics, along with improving forward earnings estimates.

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Wolfe initiates Home Depot and Lowe’s with Outperform
Wolfe Research initiated coverage on both home improvement retailers, rating Home Depot and Lowe’s at Outperform. The firm said both companies should benefit from a healthier housing market backdrop, though it favors Home Depot slightly more.

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Wells Fargo downgrades Progressive to Equal Weight from Overweight
Wells Fargo expressed concern about slowing growth at Progressive. The firm downgraded the stock to Equal Weight, noting that valuations are already at peak growth levels.

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RBC upgrades CSX to Outperform from Sector Perform
RBC upgraded CSX, saying the rail operator looks attractive across various potential industry consolidation scenarios. The firm highlighted the company’s favorable positioning regardless of how consolidation trends play out.

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CFRA reiterates Nvidia as Buy
CFRA stuck with a Buy rating on Nvidia but cautioned that upside may be limited until progress is made in U.S.-China trade negotiations.

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JPMorgan initiates Crispr Therapeutics as Overweight
JPMorgan began coverage on Crispr Therapeutics with an Overweight rating and a December 2026 price target of $70, citing the biotech’s promising pipeline in gene editing.

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Oppenheimer reiterates Apple as Perform
Oppenheimer reaffirmed its Perform rating on Apple, stating that Meta’s Ray-Ban smart glasses are unlikely to threaten Apple’s ecosystem, which is built around the iPhone, AirPods, and Apple Watch. After examining specifications and supply chain insights, analysts concluded Meta is not leapfrogging Apple in design.

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BTIG initiates Abercrombie & Fitch with Buy
BTIG started coverage on Abercrombie & Fitch, calling it a multi-year growth story. The firm gave the retailer a Buy rating and a $120 price target.

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Piper Sandler reiterates Alphabet as Overweight
Piper Sandler raised its target on Alphabet to $285 from $220 while maintaining an Overweight rating. The firm sees search advertising growth re-accelerating in 2026, supported by new AI-driven ad products, though it flagged rising capital expenditures as a risk if rates trend lower.

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Bank of America initiates AeroVironment with Buy
Bank of America launched coverage on drone maker AeroVironment (NYSE: AVAV), giving the stock a Buy rating and a $300 price objective, citing strong growth potential in defense technology.

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