Analyst calls Wednesday include Nvidia, Tesla, AMD, O’Reilly and more
Here are the biggest calls on Wall Street on Wednesday: KeyBanc upgrades Real Real to overweight from sector weight KeyBanc says the used clothing retailer’s stock is at an inflection point. “After further examination, we are upgrading REAL to Overweight and establishing a $16 PT prior to next week’s earnings release.” Raymond James upgrades O’Reilly to outperform from market perform The investment bank says the auto parts retailer has an attractive entry point. “We upgrade ORLY to Outperform (from Market Perform) following a clean 3Q25 report and a better entry after the recent ~14% pullback from the 52-week high.” Evercore ISI upgrades Yum! Brands to outperform from in line Evercore says the owner of brands including KFC and Taco Bell is in “rarified air.” “With an anticipated sale of Pizza Hut, our 2027e EPS drops from $7.64 to ~$7.10. That said, after the spin-off, we are modeling higher — and more consistent — profit growth and EPS of 9% and 13%. This sort of performance and visibility would place YUM in rarified air in the consumer space which could cause a valuation to eclipse our targeted 25x.” Read more. Evercore ISI upgrades Welltower to outperform from in line Evercore upgrades the healthcare real estate investment trust following earnings and says shares of Welltower have plenty more room to run. “On the heels of a very strong Q3 print last week, our ’25, ’26 & ’27 ests are rising again along with our PT which jumps from $183 to $208 and we are upgrading the stock from In Line to Outperform.” UBS reiterates Advanced Micro Devices as buy UBS raises its price target to $300 per share from $265 ahead of earnings on Tuesday. “With its first Analyst Day since before ChatGPT taking place next week, there wasn’t likely to be a ton new at earnings to swing the debate – and that was indeed the case. Set against the rally in shares into this report, we could see a pullback tomorrow. That said, we would not get cute here ahead of the Analyst Day because AMD probably lays out a path of $15-20 in EPS later this decade and AWS is probably still out there as a catalyst too.” Read more. JPMorgan downgrades Archer-Daniels Midland to underweight from neutral JPMorgan says it sees “profit headwinds” for the stock. “We are downgrading the ADM shares to Underweight from Neutral. The stock was flat at time of writing (vs. SPX flat) following a 3Q25 earnings beat but a guidance cut that suggests its profit headwinds extend beyond a lack of clarity on U.S. biofuel policies and trade relations with China.” Citigroup upgrades Kirby to buy from hold Citi says the industrial services provider is an AI and data center beneficiary. “We upgrade KEX to Buy from Neutral on favorable risk-reward from AI/datacenter tailwinds driving the rapidly-growing Power Generation business that manufactures, distributes, and services power generation systems and power distribution equipment for the datacenter industry, among others.” Canaccord upgrades Thomson Reuters to buy from hold Canaccord says it sees “upside to growth expectations.” “We see the sell-off in the stock (from over US$200 in July) as an opportunity to upgrade, given our view that TRI’s growth prospect remain intact, and could get stronger despite an evolving competitive landscape.” BMO upgrades Boise Cascade to outperform from market perform BMO says in an upgrade of Boise Cascade that the building materials company has a “robust” balance sheet. “While housing demand is likely to be choppy in the near term, we think the current stock price offers a very attractive entry point for patient long-term investors. Balance sheet is robust.” Wedbush reiterates Tesla as outperform Wedbush says it’s sticking with the stock ahead of Thursday’s shareholder meeting. “We expect Musk to get overwhelming shareholder approval on the potential $1 trillion pay package despite some opposition from various shareholders/ISS and send a loud and clear message to Elon being “wartime CEO” during this most important chapter of growth in Tesla’s history as the AI Revolution is here. We maintain OUTPERFORM and $600 PT.” Bank of America reiterates Pinterest as buy The bank says Pinterest shares are oversold but that’s standing by the stock following earnings. “We roll forward our valuation framework to 2027 EBITDA estimates and lower our PO to $39 from $44 based a lower 14x multiple , reflecting lower out year growth. We think bigger buybacks could be a sentiment positive at current levels.” Morgan Stanley reiterates Alphabet as overweight Morgan Stanley says Alphabet’s Google Cloud could grow “50%+ in 2026.” “We view Google Cloud growth as continued driver of GOOGL multiple expansion and AI-driven outperformance. Remain OW, $330 PT.” Goldman Sachs reiterates Rivian at neutral Goldman says it’s sticking with its neutral rating following Rivian ‘s earnings. “We maintain our Neutral rating on the stock. We believe the progress the company made with COGS [cost of good sold] was a positive, as COGS declined to $96K per vehicle (down about $22K qoq and $19K yoy) driven by material cost reductions.” Melius reiterates Broadcom and Nvidia as buys Melius says Broadcom and Nvidia are cloud capex leaders. “We just raised our 2026 and 2027 estimates for cloud capex (6 companies) by $85B and $192B, respectively, with 50%+ of that upside to be spent on compute/networking. Nvidia takes the biggest chunk of that, followed by Broadcom. ” Loop reiterates Super Micro as buy Loop says it remains bullish on the stock following earnings on Tuesday. “Reiterating our Buy and $60 PT post SMCI’s Sep Q EPS as our FY2027 EPS doesn’t change ($3.00) ‘tho the complexion of getting there has.”
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