Thursday's Biggest Analyst Calls: NVIDIA, Netflix, Tesla, Citi, Robinhood, Meta, IBM, Broadcom & More

Below are the significant recommendations from Wall Street for Thursday:

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Truist recommends initiating Deere as a buy, expressing strong optimism about the industrial giant's prospects. They highlighted Deere's position as one of the best-run industrial machinery companies, emphasizing its growing technology narrative and earnings trajectory.

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Bernstein has initiated coverage on Robinhood with an outperform rating, projecting significant benefits from the forthcoming crypto cycle spanning 2024-2025. They set a price target of $30, indicating an 83% upside potential.

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UBS maintains a neutral stance on Tesla, albeit with a reduced price target of $165 per share from $225. While expressing caution in the near term, they anticipate potential future positive sentiment shifts towards EVs, where Tesla could offer exposure.

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Evercore ISI reiterates an outperform rating on Netflix, elevating their price target to $640 per share from $600. They expect improved performance metrics for the streaming giant in the fiscal year 2025.

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Citi downgrades Chubb from buy to neutral, citing a more balanced risk/reward outlook for the insurance company. Despite the downgrade, they raise their price target to $275 from $238.

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Goldman Sachs upgrades Citi from neutral to buy, noting compelling attributes in the stock. They highlight a promising trajectory towards higher returns and an appealing valuation, prompting the upgrade.

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Wells Fargo upgrades NeuroPace from equal weight to overweight, foreseeing potential upside to earnings estimates for the epilepsy device manufacturer. They also raise the price target from $16 to $20.

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Bernstein upgrades Instacart from market perform to outperform, with a new price target of $43, up from $30. While maintaining competitive concerns, they perceive a favorable tactical opportunity at present.

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Berenberg initiates Logitech as a buy, expressing bullish sentiments towards the computer peripherals company. They commend Logitech's history of effectively integrating complementary assets into its product portfolio, driving operational performance through its extensive sales network.

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Barclays upgrades Thomson Reuters from equal weight to overweight, recognizing an upcoming inflection point for the company. They highlight positive transformation trends observed during investor relations day.

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Truist commences coverage on Caterpillar as a buy, describing it as a high-quality investment to capitalize on the infrastructure resurgence.

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Morgan Stanley upgrades Williams-Sonoma from underweight to equal weight, expecting improved margins for the home goods retailer despite weaker demand conditions.

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Citi reiterates a buy rating on Nvidia, citing positive investor sentiment towards AI-related stocks. They highlight Nvidia as a favored option for exposure to AI, amidst mixed sentiment towards other stocks in the sector.

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Morgan Stanley reiterates an overweight rating on Meta, emphasizing its standout performance in recent ad survey checks.

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Daiwa upgrades Goldman Sachs from neutral to outperform, anticipating a forthcoming recovery for the investment bank.

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Wells Fargo upgrades RTX from equal weight to overweight, predicting potential upside for the defense contractor driven by segment margin improvements.

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Bank of America upgrades Utz Brands from neutral to buy, recognizing the company's favorable position for market share gains in the salty snacks segment.

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Evercore ISI downgrades Under Armour from in line to underperform, following the announcement of founder Kevin Plank's return as CEO, indicating a lack of confidence in the company's turnaround efforts.

Wedbush upgrades Jack in the Box from neutral to outperform, attributing the upside to the success of the Smashed Jack burger.

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JPMorgan upgrades UiPath from neutral to overweight, anticipating robust revenue growth for the robotic software company.

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Bank of America reiterates a buy rating on IBM, raising the price target to $220 per share from $200, as they anticipate sustained growth and improving free cash flow.

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Bernstein reiterates outperform ratings on Nvidia and Broadcom, highlighting their continued top pick status and promising outlooks.

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Argus upgrades Oracle from hold to buy, driven by expectations of robust cloud revenue growth, setting a target price of $145.

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