Here are Thursday's biggest analyst calls: Nvidia, Apple, Tesla, Amazon, Micron, Celsius, FedEx, UPS & more

Wall Street analysts presented a mixed outlook, with DA Davidson upgrading Nvidia to Buy on robust AI compute demand while downgrading Apple to Neutral due to concerns about its AI ecosystem. Bank of America also cut ratings for logistics leaders UPS and FedEx, citing increased volume and cost pressures. Conversely, Citi reiterated a Buy on Micron Technology, raising its price target on strong data center-driven memory demand, and Goldman Sachs initiated Celsius Holdings with a Buy, identifying it as a compelling growth story.

Analysis

Wall Street analyst calls indicate a significant divergence in outlooks across key sectors, particularly within technology. DA Davidson upgraded Nvidia (NVDA) to 'buy' with a $210 price target, citing confidence in sustained demand for AI compute to drive growth into 2025 and beyond. Conversely, the same firm downgraded Apple (AAPL) to 'neutral,' expressing skepticism about the near-term materialization of its AI ecosystem or a major hardware upgrade cycle. This bifurcation is also evident in logistics, where Bank of America lowered its ratings on both UPS to 'Underperform' and FedEx (FDX) to 'Neutral' due to mounting pressure on volume and costs. Bullish sentiment, however, remains strong in other areas. Citi raised its price target on Micron Technology (MU) to $175, pointing to a memory market upturn fueled by limited production and strong data center demand, which constitutes 55% of Micron's revenue. In the consumer space, Goldman Sachs initiated Celsius Holdings (CELH) with a 'buy' rating and a $72 price target, identifying it as a top growth story, while Morgan Stanley named Amazon (AMZN) a 'top pick' based on its expansion into the ~$600 billion fresh grocery market. Analysts also identified several turnaround opportunities, including Wolfe's upgrade of Bill.com (BILL) after a 37% YTD decline and Deutsche Bank's upgrade of Chewy (CHWY) post-earnings. Finally, while Wolfe reiterated a 'peer perform' rating on Tesla (TSLA), it highlighted a bullish view of the company's Energy segment, projecting it to be its most profitable division with estimated 2025 revenue growth of 31% to $13.2 billion.

Key Decisions for Investors

• Investors should re-evaluate technology exposure, potentially favoring AI infrastructure providers like Nvidia over consumer ecosystem players like Apple, given analysts' diverging views on their near-term growth catalysts.
• Exercise caution with logistics holdings such as UPS and FedEx, as recent downgrades signal concerns about volume and cost pressures that may reflect broader economic headwinds.
• Consider targeted growth opportunities highlighted by new 'buy' ratings, such as Celsius Holdings' brand momentum, Amazon's strategic grocery expansion, and the favorable supply-demand dynamics benefiting semiconductor memory firms like Micron.
• When analyzing Tesla, it is critical to look beyond the automotive segment and independently assess the growth and high-margin potential of its Energy business, which is viewed by some as a key value driver.
• Evaluate potential entry points in recently upgraded but underperforming stocks like Bill.com and Chewy, where analysts see improved prospects and more reasonable expectations following periods of negative revisions and price declines.