Here are Thursday’s biggest calls on Wall Street:

Daiwa reiterates Nvidia as Outperform

Daiwa lowered its price target on Nvidia to $245 per share from $255.

“Main issue near term is getting supply, long term is demand consistency.”

Bank of America reiterates Apple as Buy

The firm said demand for Apple’s iPhone should remain strong despite carrier subsidies.

“While lead times indicate the iPhone 18 Pro and Pro Max shipment times are less extended vs. last year, the higher carrier subsidies could continue to support iPhone demand. Reiterate Buy on capital returns, eventual winner on AI at the edge and optionality from new products/markets.”

Wolfe reiterates Tesla as Peer Perform

Wolfe said the setup for Tesla is looking better for 2027 but is sticking with its Peer Perform rating.

“Tesla – progress on key AI / Autonomy initiatives remains the key driver of the stock, with an increasingly attractive setup into 2027.”

Evercore ISI reiterates Alphabet as Outperform

Evercore raised its price target on Alphabet.

“In the wake of our tenth proprietary Search survey, we are reiterating our Outperform rating, modestly raising our estimates, and raising our PT from $420 to $450, based on 25x our ’28 EPS of $18.11, which implies 30%+ upside from current levels.”

Bernstein downgrades Palo Alto Networks, Okta and SentinelOne to Market Perform from Outperform

Bernstein downgraded several cybersecurity stocks mainly on valuation.

“Based on the stock trading near fair value and equal upside/downside to the current trading range, we adjust Palo Alto Networks, Okta and SentinelOne to Market-Perform recommendations.”

Guggenheim downgrades Lyft to Neutral from Buy

The firm said it sees a limited catalyst path.

“We are downgrading LYFT from BUY to NEUTRAL with our $16 price target (vs. $22 prior), driven by our lower 2H-2027 volume forecasts coupled with limited sentiment catalyst path ahead.”

Wells Fargo initiates Core Scientific, TeraWulf, Applied Digital and Hut as Overweight

Wells Fargo initiated coverage of several bitcoin miners on Thursday and said they are compelling.

“Our top picks are Overweight-rated APLD, WULF and HUT (followed by CIFR + CORZ), which strike the right balance between NAV discounts, tenant credit quality and pipeline upside.”

Barclays reinstates Paramount Skydance as Underweight and Warner Bros. Discovery as Equal Weight

Barclays said it is concerned that there could be more corporate restructuring and M&A in the future.

“This is why the investment case in PSKY may remain a bit of a moving target, which will also make it more difficult for investors to articulate a valuation case to own the name despite significant long-term sum-of-the-parts optionality.”

Susquehanna initiates Honeywell Aerospace as Positive

Susquehanna said the company is firing on all cylinders.

“We believe HONA offers attractive revenue growth and margin expansion potential through the end of the decade and trades at a reasonable value compared to Aerospace & Defense peers.”