Here are Thursday’s biggest calls on Wall Street:

Citi initiates Toast, Visa, Mastercard, Block and Affirm as buy

Citi said it’s bullish on a slew of fintech and payment names.

“Initiate with Buy ratings on Visa, Mastercard, Block, Toast, Affirm, Global Payments, and Bill...”

JPMorgan upgrades Lending Club to overweight from neutral

JPMorgan said the stock is at inflection point.

“We came away from the quarter more bullish on LC’s profit outlook driven by strong loan buyer demand...”

Rosenblatt reiterates Galaxy as buy

The firm said it’s sticking with its buy rating on the crypto company.

“Against high expectations, Galaxy delivered a record quarter with much-higher net revenue amplified by significant gains.”

Deutsche Bank upgrading US Bancorp to buy from neutral

Deutsche said it sees a slew of positive catalysts for the banking company.

“Our upgrade of USB to BUY from HOLD reflects a combination of 1) a relatively low bar (for both earnings and the stock); 2) improving credibility (in meeting/beating guidance) as well as better transparency; 3) an improved capital position; and 4) low M&A risk.”

KeyBanc initiates Booking Holdings as overweight

KeyBanc said Booking is well positioned in travel.

“strong track record of executing against strategic initiatives; 2) global scale and best-in-class marketing efficiency drive industry-leading margin profile; 3) significant capital returns to shareholders; 4) niche supply and large loyalty program”

JPMorgan upgrades Avery Dennison to overweight from neutral

JPMorgan said it’s bullish on the digital ID company’s partnership with Walmart.

“Avery and Walmart announced a collaboration to use RFID tags in the fresh foods categories: bakery, meat and deli.”

Deutsche Bank upgrades CME Group to buy from hold

Deutsche said it sees a slew of strategic initiatives helping the exchange and capital markets company.

“We are upgrading CME to Buy from Hold post 3Q25 earnings, as we believe several strategic organic growth initiatives, especially within prediction markets, will help drive EPS growth toward at least a high single digit growth pace next year, after our estimated 9-10% growth for this year.”

Bernstein reiterates Netflix as outperform

Bernstein said investors should buy the dip in shares of Netflix.

“Engagement overhang persists. Netflix recorded its highest-ever TV viewing share, but questions remain over whether engagement growth is outpacing, or even keeping pace with, subscriber growth. Engagement levels remain solid relative to its long-form peers, yet the rising share of short-form consumption will likely weigh on investor sentiment for some time. M&A overhang.”

Bank of America reiterates IBM as buy

Bank of America raised its price target to $315 per share from $310 following earnings.

“IBM reported an overall clean quarter, beating on topline and EPS.”

UBS initiates UP Fintech as buy

UBS said shares of the Asia wealth management platform have more room to run.

“TIGR, a leading online broker with a global presence, is set to benefit from strong wealth market growth in Hong Kong and Singapore, where investors are increasingly seeking smarter, more cost-effective platforms.”

Bernstein initiates Bellring Brands as outperform

Bernstein said investors should buy the dip in the protein shake and food company.

“BellRing’s stock price has taken a hit over the past two earnings cycles, with the stock price falling from a high of ~$79 in early May to just $33 and change today. Retailer inventory shifts were to blame last quarter and now stepped up promotions and display in the club channel are taking their toll on the top and bottom lines.”

Jefferies initiates Gulfport Energy as buy

Jefferies said the energy company is executing well and the stock is undervalued.

“We believe GPOR’s inventory position is misunderstood and cost execution under-appreciated.”

Deutsche Bank reiterates Tesla as buy

The firm raised its price target to $440 per share from $435 following earnings.

“Elon Musk is clearly dialed in at Tesla and the passing of the compensation package will be important in ensuring that continues. High level, robotaxi and Optimus are both progressing slower than desired but v14 should signal an inflection in FSD and Tesla may ultimately prove to be the only Western company capable of manufacturing humanoids at scale.”

Roth upgrades Core Scientific to buy from neutral

The firm said it’s upgrading the stock assuming no deal with CoreWeave.

“With increasing activity and commentary around voting against the deal, we now assume no CORZ–CRWV deal and no renegotiation. CoreWeave called its bid ‘best/ final,’ and the fixed-ratio spread has inverted.”

Deutsche Bank reiterates Microsoft as buy

The firm said it came away feeling more bullish ahead of earnings later this month following a meeting with investor relations.

“We had the pleasure of spending a good deal of time with company executives and IR intra-quarter during our DB Tech Conference, Redmond HQ visit and European NDR. Coming away we feel even better about Microsoft’s positioning across both Azure (particularly for hybrid customers & AI inferencing) and Apps..”