This article summarizes the top stock recommendations and ratings from various Wall Street firms on Thursday, covering companies like Arm, Disney, Nvidia, Skyworks, Cigna, Qualcomm, Microsoft, Apple, Ferrari, CarMax, Walmart, Costco, Tesla, AST SpaceMobile, JAMF Holdings, and Block.
Here's a look at some of the biggest calls from Wall Street on Thursday. Wells Fargo reiterated its overweight rating on Arm, stating that the stock's recent dip following earnings is a buying opportunity due to Arm's strong forward commentary and positioning in the burgeoning AI sector. The firm has a price target of $185 for the stock.
Goldman Sachs maintained its buy rating on Disney, expressing growing confidence in the stock after the company's earnings beat expectations on Wednesday morning. Disney's fiscal year 2025 earnings per share growth is projected at a high single-digit percentage year-over-year, according to management. Morgan Stanley reiterated its top pick rating on Nvidia, advising investors to take advantage of the recent decline in the stock price, calling the DeepSeek selloff a buying opportunity. Stifel downgraded Skyworks to neutral from buy, citing concerns about the company losing some of its business with Apple due to a shift to a dual-sourced socket strategy. The firm believes Broadcom is the second source for a complex device previously sole-sourced to Skyworks. Bernstein downgraded Cigna to market perform from outperform, citing underperformance in their employer stop-loss business and uncertainty surrounding PBM policies. Bernstein believes these factors will make it more difficult to outperform the market in the coming months. Meanwhile, JPMorgan maintained its overweight rating on Qualcomm, though it lowered its price target to $195 per share from $200. The firm believes Qualcomm is executing well across all aspects of its business, including handsets, autos, and IoT. Daiwa reiterated its buy rating on Microsoft, raising its price target to $533 per share from $520. Despite acknowledging that Microsoft's January earnings report was underwhelming, Daiwa sees the recent dip as a buying opportunity, particularly considering the company's long-term prospects. Daiwa also reiterated its buy rating on Apple, lowering its price target to $270 per share from $275. Despite acknowledging the challenges posed by the current macroeconomic environment, Daiwa believes Apple is well-positioned as artificial intelligence becomes the dominant tech trend. Deutsche Bank initiated coverage of Ferrari with a hold rating, stating that the luxury auto stock's brand, financials, and backlog are unique but already fairly valued. Evercore ISI upgraded CarMax to outperform from in line, citing improving share trends for the used auto company. Evercore set a base case price of $110 for the stock. Bernstein initiated coverage of Walmart with an outperform rating, calling the retail giant very well positioned to leverage its scale to offer great value to consumers and grow e-commerce profitably. The firm set a target price of $106 for the stock. Bernstein also initiated coverage of Costco with an outperform rating, highlighting the company's underappreciated international growth potential, which could support consistent earnings growth for decades. The firm set a target price of $1,058 for Costco. Wolfe reiterated its peer perform rating on Tesla, stating that while the company's robotaxi is key to its future, the firm sees too many challenges right now to recommend buying the stock. Cantor Fitzgerald initiated coverage of AST SpaceMobile with an overweight rating, believing the satellite design company's strategic alignment with large telecom and tech enterprises, budding defense opportunities, and supply chain readiness suggest a positive catalyst cycle ahead. JPMorgan initiated coverage of JAMF Holdings with an overweight rating, stating that the software company is inexpensive and well-positioned to benefit from increasing adoption of Apple devices in enterprises. Bank of America maintained its buy rating on Block, reiterating that the payment fintech company remains a top idea at the firm
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