![Major analysts' calls on Wall Street Thursday include Meta](https://news7g.com/wp-content/uploads/2024/08/107390897-17110348632024-03-21t152358z_1861199133_rc2eq6asv9km_rtrmadp_0_reddit-ipo-780x470.jpeg)
Here are the biggest calls on Wall Street on Thursday: Mizuho upgrades Entegris to outperform from neutral Mizuho says the manufacturing company is a “stable growth play.” “ENTG is a low-capital expenditure company with the highest 10-year EPS growth (~22%) in our coverage area, reflecting our focus and leadership in semiconductor chemicals/materials.” Bank of America reiterates Arm as a buy Bank of America said it will continue to hold the stock after Wednesday’s earnings report. “However, we reiterate Buy as we believe ARM is uniquely exposed to some of the most important megatrends in the semiconductor industry…” Goldman Sachs adds Dollar General to its buy list Goldman said it likes Dollar’s turnaround story. “Defensive turnaround story at an inflection point.” Morgan Stanley downgrades Zeta Global to equal from overweight Morgan Stanley downgraded Zeta after the software company’s latest earnings release. “We are constructive on the upside [estimate] revised but takes some chips off the table as sustainable growth is better built into valuation after the stock gained +150% YTD.” Oppenheimer downgrades Etsy to perform from outperform Oppenheimer said the stock’s exposure is limited. “Following a 16% gain since July 8 (Nasdaq -4%), we are downgrading ETSY to perform from outperform and removing the $75 target.” Baird initiates OneStream at outperform Baird said the total target market for the software company is “compelling.” “We are initiating coverage on OneStream with an Outperform rating and a $32 price target.” Wolfe downgrades Bill.com to peer perform from outperform Wolfe said they see too many headwinds for the software company. “We are downgrading BILL shares to peer perform from outperform. Although the stock has underperformed YTD, the hurdle [persist] around spending trends.” JPMorgan upgrades CH Robinson from neutral to overweight JPMorgan upgraded the shipping company following its earnings. “We are upgrading CHRW to overweight and setting a $110 December [2025] price target after the structural improvements we highlighted as reasons to own the stock on the print have materialized and driven another round of earnings growth.” Morgan Stanley Upgrades GE Vernova to Outperform from Equal Weight Morgan Stanley said in its upgrade on the power equipment maker that it is in the “early stages of a multi-decade energy transition investment cycle.” “Upgrade GE Vernova to Outperform and raise our price target to $220.” Raymond James Upgrades Wingstop to Outperform from Market Weight Raymond James sees “robust competitors” for the chicken wing restaurant franchise. “We are upgrading WING stock to Outperform from Market Weight due to the company’s unprecedented level of competition [sales] momentum and long-term average unit volume (AUV) are up and unit growth targets outweigh our long-term valuation concerns.” Loop upgrades Reddit from hold to buy Loop upgrades the stock primarily on valuation. “RDDT has reached agreements with the NFL, NBA, MLB, Nascar and PGA Tour to stream more game highlights and sports content including behind-the-scenes videos and AMAs (ask me anything) with players.” Wells Fargo upgrades Carvana from equal weight to overweight Wells said the opportunity is too compelling to ignore for shares of the online used car company. “We are transferring CVNA coverage to David Lantz at OW (from EW under Zack Fadem) with a $175 PT.” BTIG upgrades Datadog from neutral to buy BTIG sees Datadog adding to its stock. “We are upgrading DDOG from Neutral to Buy and issuing a $143 price target la. In summary, we see DDOG as the best play in the observability market with a strong opportunity to gain market share.” Barclays reiterates Meta as outperform Barclays said it is sticking with the Instagram parent company after its earnings report on Wednesday. “META continues to execute at arguably the best pace of any company in the digital advertising space, with minimal revenue declines despite facing very tough competition in 2H24.” Wolfe adds Amazon to its alpha list Wolfe said the stock is a “high-quality asset.” “Add AMZN: We are adding AMZN to the Wolfe Alpha List—a high-quality asset with the potential for meaningful margin expansion, fueled by strong Cloud and AI growth.” Bernstein reiterates Qualcomm as outperform Bernstein said it is sticking with Qualcomm after its earnings report on Wednesday.”[T]The overall story looks positive, with solid traction in AI phones, early traction with Arm PCs and a growing diversification story, and the stock remains cheap at ~16x and a >40% discount to SOX; we would be a buyer.” Leerink upgrades Waters to outperform from market perform Leerink said the life sciences company has defensive characteristics. “We believe WAT is about to turn around as instrument growth bottoms and orders pick up, at a time when China stimulus is on the verge of materializing and the biopharma recovery [is] also expected to take shape.” Cantor Fitzgerald reiterates Tesla as neutral Cantor said it maintained its neutral rating on Elon Musk’s electric car maker but said it was bullish on the company’s fully autonomous initiatives. “We believe Tesla will benefit from the future growth prospects from its Full Self-Driving (FSD) software (plus upcoming Robotaxi segment), the introduction of lower-cost models, a global manufacturing footprint with economies of scale, and the largest charging infrastructure in the industry.” Morgan Stanley downgrades Voya to equal weight from overweight The Wall Street firm downgraded the money manager due to concerns about its health solutions segment. “Downgrade on Health Solutions earnings concerns: For the fourth consecutive quarter, Voya saw weaker-than-expected Health Solutions earnings.” Citi reiterates SoFi as buy Citi said it is more bullish on the stock after a series of meetings with investors. “We have held investor meetings with SoFi’s CEO and CFO in NYC yesterday. Investors in attendance were bullish on the stock, although much of the conversation focused on dismissing some of the factors that were prominent among the pessimists.”