Here are Thursday’s biggest calls on Wall Street: Evercore ISI names Amazon a top pick Evercore moved Amazon to top pick status and said it’s very bullish on Amazon Web Services. ” AMZN: AWS’ AI business is now a multi-billion dollar revenue run rate business that continues to grow at a triple-digit Y/Y percentage, growing more than three times faster at this stage of its evolution than AWS did in the early days of Cloud.” Bernstein reiterates Nvidia as outperform The firm said Nvidia has a data center opportunity that is undervalued. “The datacenter opportunity is enormous, and still early, with material upside still possible.” JPMorgan downgrades Campbell Soup neutral from overweight JPMorgan said in its downgrade of Campbell that “snack trends remain sluggish.” “We therefore see fewer reasons for optimism than we previously did, and we view the stock as trading close to fair value.” Baird reiterates Tesla as outperform Baird added a bearish fresh pick on the stock and lowered its price target to $370 per share from $440. The firm says it’s concerned about delivery numbers. “Adding Bearish Fresh Pick given near-term headwinds. Intra-quarter sales data from TSLA’s key regions lead us to believe there is risk to the consensus Q1 delivery estimate of 437.5K.” Goldman Sachs reiterates Apple as buy Goldman said it’s sticking with its buy rating after the company unveiled new Mac products. “The channel fill of the newly announced products should support AAPL’s ability to achieve its F2Q25 revenue growth outlook of low-to-mid-single digits despite the lower-than-expected starting pricing for the MacBook Air.” Rosenblatt upgrades Zscaler to buy from neutral The firm upgraded the cloud security company following earnings and said it’s seeing ” improving billings growth.” ” Zscaler’s latest results exceeded expectations, driven by improving billings growth and margin expansion. Improved marketing and growing sales productivity are driving more significant deals and up-sells.” JPMorgan reiterates Liberty Formula One as overweight JPMorgan said the racing company is defensive in an uncertain macro. “We remain Overweight on FWONK and view its contracted revenue streams – $14b-plus as of year-end – as especially attractive amid economic uncertainty.” Seaport upgrades Lennar, KB Home and DR Horton to buy from neutral The firm said in its upgrade of Lennar, KB Home and D.R. Horton that it sees an attractive risk/reward. “Since our Sep-24 sector downgrade, the Homebuilders fell 30% absolute (34% vs S & P), consistent with past cycles Early cycle underperformance, underpinning our relative Positive sector call now, as Later cycle sectors absorb equivalent downside, yet lack equivalent upside convexity, when the market inflects.” Wells Fargo downgrades MongoDB to equal weight from overweight Wells downgraded the data developer cloud company following earnings on Wednesday. ” MDB traded down 16% AMC [after market close] after guiding revenue and OM [operating margin] well below expectations. With a smaller pool of multi-year deals, we believe it will be difficult to significantly outperform expectations in FY26 and therefore expect shares to remain range-bound.” Morgan Stanley downgrades Brown-Forman to underweight from equal weight Morgan Stanley downgraded the alcohol company and says it sees too many negative catalysts. “We are downgrading Brown-Forman from EW to UW with topline and profit growth likely to remain muted amid continued soft US and global spirits demand, structural headwinds to alcohol consumption, tariff risk, and American whiskey oversupply.” RBC initiates Insulet as outperform RBC said the insulin company has “category leadership.” “Insulet has a differentiated technology offering with the only available patch automated insulin delivery (AID) system on the market and notable competitive advantages.” Deutsche Bank upgrades Freeport-McMoran to buy from hold Deutsche said in its upgrade of the metals and mining company that Freeport has an “attractive” valuation. “We upgrade to BUY (unchanged TP of $47) and see three main drivers: (1) material cash flow upside from potential US copper tariffs and other possible policy measures (very little in the share price for this); (2) large gold exposure; (3) attractive valuation…” CLSA upgrades Futu Holdings to high-conviction outperform from outperform CLSA said in its upgrade of Futu that it’s bullish on the Asian fintech company. “As mentioned in our preview, we expect 4Q results in mid-March to show robust new paying client growth (est. 193k), steady client asset inflows, higher velocity, higher Opex due to one-off compensation and lower commission rate.” Loop upgrades Marvell to buy from hold Loop said investors should buy the dip following earnings on Wednesday. “Following better-than-expected 4Q25 (Jan) results and above-consensus 1Q26 (Apr) guidance, and given the near-40% correction in the shares since Jan (based on aft-mkt), we are taking the opportunity to take up our rating on shares of MRVL from Hold to Buy.” Cantor Fitzgerald initiates Robinhood as overweight The firm initiated the stock on Thursday morning and says it’s bullish on the company’s crypto business. “We Like What’s Under the HOOD; Initiate at OW.”
