Notable analyst calls this week: Nvidia, Coca-Cola and AMD stocks among top picks
The market closed in the red on Friday. This followed a week that saw a major sell-off in AI-related stocks due to concerns centered on Chinese AI startup DeepSeek, as well as earnings reports from major companies such as Apple, Microsoft and Meta.
) rose 0.4%.
Here are this week's major bank revisions, including both upgrades and downgrades:
AMD Downgraded by Melius Due to Concern Over NVIDIA Competition
Due to a decreased outlook for x86 servers and PCs for AMD, Hold from Buy recommendation by Melius Research.
) will cut into AMD's market share in these two areas. Melius also reduced its PT on AMD to $129 from $160.
We believe Nvidia will increasingly challenge those companies in both markets with CPUs based on Arm technology, that are optimized for use with PCs that utilize acceleration.
Nvidia upgraded after DeepSeek slips up and erases billions
$600B in market cap.
The brokerage believes Nvidia remains a crucial holding in the prominent AI investment theme, and as the industry's leader, it will greatly benefit from the substantial investments being made in AI development. The brokerage has increased its 12-month target price for the stock to $220.
Analysts remain optimistic about Meta following the company's quarterly report.
Investors sold shares of Alphabet (GOOGL) after its quarterly results highlighted a shift toward the cloud computing segment, while remaining upbeat on its core business prospects.
We are intrigued with the initial development of AI engineering agents that can code and problem-solve like ‘a good mid-level engineer,' Benchmark said and set a price target of $820 on the stock.
Equally, most Wall Street brokerage firms, such as Goldman Sachs, Morgan Stanley, RBC, and Barclays, complimented Meta's earnings report and maintained a positive outlook on the company.
Moderna Downgraded Due to Unclear Sales Outlook
Given a lack of clarity regarding its revenue outlook, Buy has downgraded Neutral from.
The company that makes the COVID-19 vaccine reduced its projected 2025 earnings, stating a decrease in demand for its vaccines aimed at preventing COVID and respiratory syncytial virus infections.
Although the updated forecast looks achievable, "this suggests that investors have limited insight into the revenue stream for the respiratory vaccine business," analyst Salveen Richter stated, reducing her forecast price for the stock to $51 from $99 per share.
Kinross Gold was upgraded to "buy" from "neutral" at BofA ahead of its Q4 earnings release.
Buy from Underperform by BofA before its fourth quarter earnings report.
as well-positioned for fourth-quarter 2024 results with potential catalysts in 2025, and significantly boosts their outlook for 2026 earnings per share and production to 2 million gold equivalent ounces.
The rating was changed to Neutral with an $18 price target, citing increased concerns about compliance with regulations at the Loulo-Gounkoto mine in Mali.
Jefferies is optimistic about the state of Coca-Cola's business, saying it's in "great shape", and is upgrading its rating to "Buy."
Jefferies upgrades its recommendation for the company from Neutral to Buy, before the company's earnings announcement. Analyst Kaumil Gajrawala said that the company's business is doing exceptionally well.
The recent surge in the value of the U.S. dollar may lead to lowered earnings estimates for 2025, but Gajrawala and his team believe that expectation is already factored into the company's valuation.
Stifel's Hold rating is based on the company's expected revenue growth and margin pressure throughout FY25. The firm also reduced its price target to $140 from $165.
The rating to Buy from Neutral was raised, and the price target was increased to $185 from $77. Analyst Kash Rangan stated that after several years of slowing growth and several strategic moves, Twilio is now at a tipping point in both its narrative and financial fundamentals.
Based on data from multiple quarters showing higher growth, we can expect significant increased financial efficiency in the near future. This, in turn, will help Compass Point's brokerage push Azimut Fashion Retail Management (AFRM) towards profitability based on GAAP accounting standards by the third quarter of 2025.
More news on markets
- Frustration with Technology and Economic Vulnerability Should Result in Improvement
- Optimism Comes Back as Trump Takes Office
- The Nasdaq, S&P, and Dow indexes increased after earnings were released by Apple and Intel, while a key inflation gauge came out as expected.
- Stocks end higher in a back-and-forth day marked by a renewed pledge from Trump to impose tariffs.
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