Thursday’s Biggest Analyst Calls: Nvidia, Oracle, Tesla, Amazon, Carvana, Pnc, Cava, Broadcom, Microsoft & More

Here are Thursday’s biggest calls on Wall Street:

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Baird initiates Oracle with an Outperform rating
Baird began coverage on Oracle, noting the company has strategically positioned itself “at the center of the most important shift in computing history artificial intelligence.” The firm launched coverage with an Outperform rating and a $365 price target, highlighting Oracle’s AI-driven growth potential.

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BMO reiterates Alphabet as Outperform
BMO boosted its price target for Alphabet (GOOGL) from $225 to $294 per share, citing ongoing strength in its core Search and Google Cloud Platform businesses.
Analysts said Alphabet’s leadership in AI continues to fuel innovation and enhance user engagement across its ecosystem.

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BMO maintains Amazon as Outperform
BMO reaffirmed its Outperform rating on Amazon, calling it one of its top stock picks. The firm said its latest checks for the third quarter of 2025 suggest accelerating growth in Amazon Web Services (AWS), though rising competition and capacity challenges could temper upside.

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Berenberg upgrades DraftKings to Buy from Hold
Berenberg turned bullish on DraftKings, upgrading the stock to Buy and setting a new price target of $43. The firm views the recent sell-off as overdone and said risks from prediction markets have had little impact so far, leaving room for upside.

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RBC initiates Cava as Outperform
RBC Capital Markets started coverage on Cava, describing it as the leading brand in the rapidly expanding Mediterranean dining segment. The analysts said Cava has “a long runway for store expansion and growth potential,” assigning an Outperform rating.

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Piper Sandler upgrades PNC Financial to Overweight from Neutral
Piper Sandler raised its stance on PNC Financial Services, recommending investors buy the dip in the regional bank’s shares. Despite strong fundamentals, the firm noted the stock has been stagnant this year and remains one of the weaker performers among large regional banks presenting an opportunity for value seekers.

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Canaccord initiates Oklo as Buy
Canaccord Genuity began coverage of nuclear energy company Oklo with a Buy rating and a $175 price target, pointing to further upside in the emerging clean-energy sector.

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HSBC upgrades IQVIA to Buy from Hold
HSBC upgraded IQVIA, saying easing regulatory pressures in the pharmaceutical sector should support a positive revaluation of the stock.

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Deutsche Bank initiates Moelis & Co as Buy
Deutsche Bank started coverage on Moelis & Company with a Buy rating and an $80 price target, expressing confidence in the investment bank’s long-term potential.

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Deutsche Bank initiates Evercore as Buy
The firm also began coverage on Evercore Inc., calling it well-positioned to benefit from an eventual market recovery. Deutsche issued a Buy rating with a $400 target price.

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Citi adds Carvana to positive catalyst watch
Citi placed Carvana on a positive catalyst watch, citing stronger-than-expected sales trends ahead of its third-quarter earnings report. The bank reaffirmed its Buy rating and raised its price target to $490.

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Cantor Fitzgerald reiterates Nvidia as Overweight
Following meetings with Nvidia management, including CEO Jensen Huang, Cantor Fitzgerald lifted its price target from $240 to $300. The firm reaffirmed its Overweight rating, emphasizing Nvidia’s continued leadership in AI-driven computing.

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Citi upgrades Tractor Supply to Buy from Neutral
Citi upgraded Tractor Supply (TSCO), describing it as a “defensive growth play” that doesn’t rely on a housing rebound for success. Trading at a discount compared to retail peers, Citi said the stock offers an attractive risk-reward balance.

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JPMorgan upgrades Marsh & McLennan to Overweight
JPMorgan upgraded Marsh & McLennan (MMC) to Overweight, citing its strong brokerage business, reasonable valuation, and steady growth outlook.

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Morgan Stanley reiterates Microsoft as Overweight
Morgan Stanley maintained its Overweight rating on Microsoft, calling it the best-positioned company to capture a larger share of generative AI and cloud computing spending.

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Goldman Sachs reiterates Broadcom as Buy
Goldman Sachs analyst Jim Schneider reaffirmed his Buy rating on Broadcom (AVGO), noting the firm’s dominance in AI custom compute and networking silicon as it heads into earnings season.

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Jefferies initiates Williams as Buy
Jefferies started coverage on Williams (WMB) with a Buy rating, citing its expansion into behind-the-meter power generation as a key driver of growth.

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Bank of America upgrades Citizens Financial to Buy from Neutral
BofA upgraded Citizens Financial (CFG) to Buy and raised its price objective to $65 from $52, highlighting an appealing valuation based on 2026 earnings projections.

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Bank of America initiates Scholar Rock as Buy
The bank also began coverage of Scholar Rock (SRRK) with a Buy rating and a $53 price objective, pointing to its strong position in the biopharma space.

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TD Cowen reiterates Tesla as Buy
TD Cowen reaffirmed its Buy rating on Tesla, raising its price target from $374 to $509, reflecting optimism in the company’s long-term growth trajectory.

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Jefferies downgrades Freshpet to Hold from Buy
Finally, Jefferies downgraded Freshpet, citing several near-term challenges. The firm said the premium pet food company faces a prolonged slowdown, difficult year-over-year comparisons, and limited visibility into catalysts that could reignite growth.

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