Thursday’s Biggest Analyst Calls: Nvidia, Apple, Uber, Alphabet, Disney, Netflix, Carvana, Arm, Nike & More

Here are Thursday’s biggest calls on Wall Street:

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Barclays upgrades International Flavors & Fragrances (IFF) to Overweight from Equal Weight
Barclays believes the fragrance and flavors maker presents an attractive buying opportunity right now. The firm emphasized that in today’s market, investors are seeking companies with straightforward stories and minimal downside risk, which are rare in the consumer staples sector. Barclays thinks IFF fits both these criteria, making it a compelling pick.

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Wedbush downgrades Uber to Neutral from Outperform
Wedbush has grown cautious on Uber following its recent earnings report, suggesting that the days of the company consistently outperforming expectations may be behind it. The firm pointed out that Uber’s stock has climbed significantly in recent years as it recovered from pandemic-related challenges. However, the size of its earnings beats compared to analyst forecasts has noticeably shrunk, indicating that its performance now largely aligns with what investors already anticipate.

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RBC upgrades Mosaic to Outperform from Sector Perform
RBC sees value in Mosaic, the potash and phosphate producer. The firm expects the phosphate market to remain tight because of steady demand and constrained supply, keeping prices elevated. Given this backdrop, RBC finds Mosaic appealing, especially since it is trading at just 4 to 4.5 times forward 12-month spot EBITDA.

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JMP Securities upgrades OppFi to Market Outperform from Market Perform
JMP Securities has turned more positive on shares of OppFi, a digital subprime lender. They raised their rating and set a price target of $13.50, saying the stock now looks compelling and that they are increasingly optimistic about the company’s prospects.

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Bank of America reiterates Buy rating on Nike
Bank of America reaffirmed its bullish stance on Nike, noting that the company is well-prepared to handle potential tariff impacts. Nike has been working to reduce its dependence on China-based sourcing since tariffs were first introduced in 2018, and it has been engaging in detailed scenario planning amid ongoing geopolitical tensions.

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Bernstein reiterates Outperform on Nvidia
Bernstein remains confident in Nvidia, pointing to its robust opportunities in the datacenter space. According to the firm, the datacenter market is still in its early stages, offering substantial upside potential for Nvidia.

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Baird reiterates Outperform on Apple
Baird is maintaining its positive view on Apple, highlighting the company’s strong ecosystem, powerful cash flow, and dominance in the high-end segment of the market. Baird added that Apple’s success in implementing artificial intelligence will be crucial for enhancing its investment appeal, with more expected to be revealed at its Worldwide Developers Conference (WWDC) next month.

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Morgan Stanley reiterates Overweight on Disney
Morgan Stanley is sticking with Disney even after the entertainment giant’s latest earnings report. The firm acknowledged macroeconomic concerns but pointed to positives like easier year-over-year comparisons, the launch of two new cruise ships, and additional investments in U.S. theme park attractions. Morgan Stanley believes these factors support Disney’s guidance for double-digit adjusted EPS growth in fiscal 2026–2027, building on a higher earnings base in fiscal 2025.

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BMO Capital Markets reiterates Outperform on Netflix
BMO is optimistic about Netflix’s newly announced user interface updates for TV and mobile platforms. The firm expects the revamped interface — which improves content recommendations and personal discovery — to help reduce subscriber churn and boost user engagement.

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Wells Fargo reiterates Overweight on Alphabet (Google)
Wells Fargo believes Alphabet is ready to push forward aggressively in AI-powered search. The firm thinks the debate over whether search behavior is changing has concluded and expects Google to use its powerful distribution network to introduce AI-enhanced search directly into its main search bar, anticipating disruptions but seeing them as better faced sooner rather than later.

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Bank of America reiterates Buy on Carvana
Bank of America remains positive on Carvana following the online used car retailer’s latest earnings. With the stock trading at 25 times projected 2026 EBITDA, the firm remains constructive, believing Carvana is poised to gain significant market share in a still-low online penetration market. Improvements like faster deliveries and a broader vehicle selection are also seen as positives.

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JPMorgan reiterates Overweight on Arm Holdings
JPMorgan continues to back Arm after its recent earnings report. The firm cited Arm’s strong leadership in semiconductor architecture and its positioning to meet the rising demand for higher-performance computing solutions that are also energy efficient.

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Morgan Stanley reiterates Overweight on Alphabet (Google)
Morgan Stanley sees now as the right time to buy Alphabet, despite recent negative sentiment. Concerns have emerged over potential AI disruptions, slowing paid click growth in Q1 2025, and reports that Apple is exploring partnerships with other companies like OpenAI and Perplexity AI for its next-generation search tools. Additionally, data showing a decline in Safari browser searches for the first time in April has added to the pressure, but Morgan Stanley views this as a buying opportunity.

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Deutsche Bank downgrades Coty to Hold from Buy
Deutsche Bank downgraded beauty company Coty, citing several negative factors following its latest earnings report. While the firm acknowledges Coty’s efforts to focus on the right priorities amid a tough operating environment, it highlighted slower category growth, particularly in the U.S., and downgraded the stock to Hold.

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Bernstein downgrades Hain Celestial to Market Perform from Outperform
Bernstein downgraded Hain Celestial, expressing concern over an abrupt CEO change, the announcement of a portfolio strategic review, weaker-than-expected results and guidance, and a revision to the company’s credit agreement. Bernstein believes these developments suggest it will take time for Hain to stabilize.

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Bank of America upgrades Bradesco to Buy from Neutral
Bank of America upgraded Brazilian bank Bradesco, noting that its first-quarter 2025 results exceeded expectations and that the stock has underperformed year to date.

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Bank of America upgrades National Vision to Buy from Underperform
Bank of America also upgraded National Vision, the eyewear retailer, highlighting clear signs that the strategic initiatives it launched in the fourth quarter of 2024 are beginning to pay off.

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Bank of America downgrades Archer-Daniels-Midland (ADM) to Underperform from Neutral
Lastly, Bank of America downgraded ADM, saying the company’s earnings challenges were worse than expected. Although ADM maintained its full-year 2025 EPS guidance of $4.00 to $4.75, management expects earnings to land at the lower end of that range.

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