Wednesday analyst calls from stocks like Nvidia
Here are Wednesday’s biggest calls on Wall Street: Deutsche Bank reiterates Marvell as buy Deutsche raised its price target to $125 per share from $90 following earnings. “MRVL delivered a solid report/guide, but more importantly followed up their recent Data Center related optimism and expressed even greater conviction on the expected growth rates for this business (now split between Optical, Custom, and Other), with FY27 expected to deliver of +25% y/y growth (vs +18% prior) and FY28 expected to accelerate even further y/y to +40% y/y.” Bank of America reiterates Nvidia as buy Bank of America said it’s sticking with the stock. “Our $275 PO is based on 28x CY27E PE ex cash, within NVDA’s historical 25x-56x forward year PE range, which we believe is justified by NVDA’s leading share in fast-growing AI compute/networking markets, offset by lumpiness in global AI projects, cyclical gaming market, and concerns around access to power.” Citizens initiates Pitney Bowes as market outperform Citizens says the mail company is well positioned. “We initiate coverage on Pitney Bowes , the dominant player for sending and first-mile sortation of physical mail in the U.S., with a Market Outperform rating and a price target of $13.” Morgan Stanley upgrades Vertex Pharmaceuticals to overweight from equal weight Morgan Stanley said it likes the company’s pipeline of kidney products. “We upgrade VRTX to OW from EW and raise our PT to $516 as we take a more positive view of the company’s kidney franchise pipeline, including Pove and Inaxaplin.” Morgan Stanley upgrades Novartis to overweight from equal weight Morgan Stanley said it’s bullish on the company’s drug to treat Hives, Rhapsido. “We upgrade Novartis to Overweight after a recent valuation pullback, supported by an improving portfolio mix and the upcoming Rhapsido launch.” JPMorgan upgrades American Eagle to neutral from underweight JPMorgan upgraded the stock following earnings. “We rate AEO shares Neutral. With the AE & Aerie brands recently inflecting in 3Q25 to positive same-store-sales growth on product and marketing improvement, we see revenue growth stabilizing at +3% consolidated growth into FY26/27, supporting operating margin expansion on fixed expense leverage.” Bank of America names ASML a top pick The firm said the semis company is a top idea in 2026. ” ASML is one of our “25 stocks for 2026″ and is on our Europe 1 list of top ideas. With the stock trading on 20.6x ’27 EV/EBITDA, we expect the stock to re-rate as 2027 marks an inflection.” Read more. Bank of America reiterates Amazon as buy The firm raised its price target to $303 per share from $272. “We attended Amazon’s 14th annual cloud conference in Las Vegas with 60k in-person attendees. While keynote lacked a big new hardware or LLM partnership announcement to materially change sentiment, AWS is improving its AI capabilities and building toward an agent-driven future.” Wells Fargo initiates Oracle as overweight Wells said investors should buy the dip in Oracle shares. “We see ORCL emerging as a leader in the AI super-cycle: nearly half a trillion in AI deals already booked & pole position w/ key accts (OpenAI, xAI, Meta, TikTok). Plus, shares now sit 42% off highs, ~25x P/E on FY27E. Initiate Overweight, $280 PT.” Read more. UBS initiates Roblox as neutral UBS said it sees slowing growth for Roblox shares. “We are initiating coverage with a Neutral rating and $103 PT. We believe Roblox sits at the nexus of several key trends in interactive entertainment: 1. gaming is becoming more social; 2. gaming is becoming more hardware agnostic and 3. AI is lowering the barriers to content creation.” Jefferies downgrades Wayfair to hold from buy Jefferies said web traffic is slowing. “When we upgraded W in March, shares were trading at a ~12% premium to peers vs. near-40% today. With web traffic revealing a slow start to the official kick-off for holiday shopping and consumer survey data signaling a downshift in go-forward buying propensity on the marketplace, risk/reward skews more balanced, in our view.” Raymond James upgrades Schneider National outperform from market perform Raymond James said the shipping company is well positioned. “We are upgrading shares of SNDR to Outperform from Market Perform given a setup that increasingly favors exposure to Dedicated and Intermodal growth.” JPMorgan upgrades CSW Industrials to overweight from neutral JPMorgan said the industrial company is heading in the right direction. “We upgrade CSW Industrials to Overweight, reflecting our confidence in its strategic direction and growth prospects at a pivotal moment.” MoffettNathanson reiterates Apple as neutral MoffettNathanson said Apple is a services company, not a hardware company. “Apple is still viewed, by most, as a hardware company. Most of the coverage of Apple’s blow-out FYQ4 results focused on Apple’s raised guidance for the iPhone 17. There’s a strong case to be made, however, that it is Services, not hardware, that is now the most important part of the Apple story.” BMO upgrades Equinix to outperform from market perform The firm said the data center company has a “fortress balance sheet.” “EQIX has a high-quality portfolio, its competitive moat via connectivity is a differentiator and its pricing power, bookings trends, large development pipeline, xScale ramp, and incremental AI demand are positives.” Deutsche Bank reiterates Broadcom as buy Deutsche said Broadcom is well positioned ahead of earnings on December 11. “Overall, we believe that a combination of acceleration in AI related growth and a cyclical rebound in the company’s core business should position the company well headed into FY26 despite increasing concerns surrounding the sustainability of industry-wide AI spend. As such, we maintain our Buy rating.” JPMorgan downgrades Wendy’s to neutral from overweight The firm said Wendy’s needs a more “defined strategy.” “Following a thorough scenario analysis based on extension of our previous work, we elect to move to Neutral (from OW) with a $9 Dec-26 price target – until a more defined strategy can be fully evaluated with a permanent team.” Wells Fargo reiterates Ralph Lauren as overweight Wells said Ralph Lauren is “best-in-class.” “We recently hosted meetings with CEO Patrice Louvet, CFO Justin Picicci and IR Corey Van der Ghinst. Consistency of growth and execution were focus for investors, as credibility in the brand’s elevation journey grows. PT to $385 (from $345), 23x PE.”
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