Here are Thursday’s biggest calls on Wall Street: Piper Sandler upgrades Trupanion from neutral to overweight. Piper sees a host of positive catalysts ahead for the pet insurance company. “We are moving from neutral to overweight on TRUP as we see not only improving investor sentiment, but also a number of catalysts on the horizon.” BMO downgrades Electronic Arts from Outperform to Market Perform. BMO cited a lack of visibility following a prior announcement of results. “Despite the growing strategic market value of interactive entertainment assets, we downgrade EA to Market Perform and reduce estimates and target price to $145.” Goldman Sachs reiterates its purchase of Disney. Goldman called the company a “quality compound company” ahead of February’s earnings release. “We expect DIS to deliver higher EPS in F1Q25 with EPS of $1.57.” Morgan Stanley downgrades Logitech from equal weight to underweight. The company said the stock was now “derisked and devalued.” “Our previous UW thesis having largely run its course, we are upgrading LOGI to Equal-weight.” KeyBanc raises Boot Barn from its sector weight to overweight. KeyBanc forecasts margin expansion for the footwear company. “We upgrade to Overweight and set a price target of $190, based on 23.9x 2026 EPS estimates. BOOT’s valuation is attractive given sustainable revenue growth and a clearer path to margin expansion, in our view.” Goldman Sachs reiterates that Apple bought Goldman lowered its price target on the stock to $280 per share from $286. “We are rated Buy on AAPL because we believe the market’s focus on slower product revenue growth obscures the strength of the Apple ecosystem and associated revenue sustainability and visibility.” Morgan Stanley Launches Brookfield Corporation as Overweight Morgan Stanley said the Canadian investment management company is too attractive to ignore. “We see attractive valuation, franchise and underappreciated growth in BN, parent company of the Brookfield ecosystem.” Wolfe upgrades Netflix to outperform its peers. Wolfe upgraded the stock after Tuesday’s earnings. “We upgraded NFLX to Outperform, PT $1,100. Greater scale led to accelerated financial returns and expansion potential to capture TAM (total addressable market) in the long term.” Morgan Stanley Reiterates Arm as a Buy The company said Arm is well positioned for the Stargate initiative. “Arm stock saw a DD% (double digit) move yesterday following the announcement of the Stargate AI initiative.” Wells Fargo launches Magnera Corporation as overweight Wells said shares are attractive to the specialty materials company. “We’re launching coverage of MAGN with an OW rating and $22 PT.” Wedbush reiterates that Palantir is outperforming Wedbush said the company is well-positioned to be the next Oracle or Salesforce. “We are raising our price target on Palantir from $75 to $90 as our recent checks and growing confidence in the company’s AI strategy are key to the bull thesis on Palantir for 2025.” Goldman Sachs launches Guidewire Software as it buys Goldman said it is optimistic about the software company. “We are initiating coverage of Guidewire (GWRE) with a Buy rating and a 12-month price target of $210.” Bank of America reiterates its purchase of Meta. The company raised its price target on Meta from $660 to $710 per share. “With a stable macroeconomic backdrop, growing AI contribution to advertising revenue, increasing messaging revenue and continued cost discipline (recent headcount reductions), we remain positive on the stock in 2025.” JPMorgan downgrades Acushnet from neutral to underweight. JPMorgan downgraded the golf company primarily due to its valuation. “Over several years, we view GOLF’s operational investment cycle as a constraint on the bottom line, resulting in stable EBITDA and stable (low single-digit) LSD percentage of EPS as a result of our work despite having “best in class” brands (Titleist/FootJoy) with leading market share and a focus on the “dedicated” golfer. Loop Reiterates Super Micro as a Buy Loop said it is sticking to its buy rating on shares of the AI information technology company. “We increase our PT to $40 (from $35) and reiterate our Buy rating as SMCI remains an important company in an important area…” William Blair reaffirms that Nvidia is outperforming. The company said it stands by its outperform rating. “For example, Nvidia has seen exceptional growth in its data center business over the past few years, with growth of 217% in fiscal 2024 alone and forecast growth of 138% in fiscal 2025.” Bank of America downgrades Electronic Arts to neutral after purchase. Bank of America said it expects stock losses for the video game company. “We are downgrading EA from Buy to Neutral as we are no longer confident that EA can gain enough share of player engagement and spending to drive meaningful growth in a struggling PC/Console gaming industry.” Piper Sandler downgrades Boston Beer’s rating from overweight to neutral. The company said it expects growth of its Hard Mountain Dew brand to slow. “We are updating our model to reflect a reduced outlook on Hard Mtn Dew, which we expected to accelerate more quickly, and slower than expected sales growth on Twisted Tea. We expected Hard Mtn Dew to generate incremental upside when it launched nationally, and it continues to grow in SAM’s distribution network, but success will likely take longer than expected. » Oppenheimer reaffirms that Tesla is efficient. The company said it was maintaining its perform rating on Tesla ahead of results later this month. “While we reduce our estimates to reflect moderation in US and European demand, we remain cautious about TSLA’s underlying fundamentals and its relatively standalone technology position.”
Thursday’s biggest Wall Street calls, including Nvidia
