Here are Thursday’s biggest calls on Wall Street:

Bernstein reiterates Nvidia as outperform

The firm said Nvidia is a key player in the robotic chip market.

「We see Nvidia and Horizon as early movers in the segment with high potential to win in the market.」

Morgan Stanley reiterates Apple as overweight

Morgan Stanley said it’s bullish on Apple robotics.

「We estimate Apple Robotics can generate $133bn of revenue by 2040 in our ‘median case’, with upside toward $300bn of revenue, equating to $20-65 of per share value today.」

Bank of America reiterates Qualcomm as buy

The firm raised its price target to $215 per share from $200 following earnings.

「We believe that Qualcomm is a long-term beneficiary of growing 3G/4G/5G smartphone, tablet and cellular enabled machine to machine adoption worldwide.」

Bank of America reiterates Arm as buy

Bank of America said shares of Arm have plenty more room to run following earnings on Wednesday.

「Overall, we continue to like ARM’s positioning in the data center/AI market, as we expect: 1) share gains vs. x86 counterparts, 2) growing content per core ($0.50 to $1.50+), 3) growing number of cores (72 to 128+), 4) increasing pipeline including a slew of Stargate announcements...」

Goldman Sachs reiterates Robinhood a buy

Goldman raised its price target to $181 per share from $170 following earnings.

「Looking ahead, the company reiterated continued focus on rolling out a number of new products, including Robinhood Banking, tokenization, prediction markets, shorting and Robinhood Social.」

Deutsche Bank reiterates Snap as buy

Deutsche raised its price target to $12 per share from $9 following earnings.

「Snap’s strategic partnership with Perplexity AI represents a meaningful step toward building out alternative revenue streams, as similar to Pinterest, large advertisers in the US seem to be pulling back from advertising on the platform.」

Argus upgrades Super Micro to buy from neutral

Argus said buy the dip in Super Micro shares.

「In our view, missteps by the company on revenue delivery and margin shortfalls are fully reflected in the share price, while the potential for strong forward momentum is being overlooked.」

Bank of America reiterates DoorDash as buy

Bank of America lowered its price target on DoorDash to $305 per share from $325 but said it’s sticking with the stock.

「Overall, business is accelerating (highest restaurant growth in 3 years despite QSR headwinds), with strong MAU [monthly active users] & frequency growth supporting topline trends that should continue into ’26.」

Piper Sandler downgrades e.l.f. Beauty to neutral from overweight

Piper downgraded the beauty company stock following earnings.

「While strong momentum at rhode is continuing, 3-4% sales growth implied for core ELF in FY26 is disappointing and not deserving of a premium multiple, in our view, considering resilience of the category, easing comparisons, comments about strength in innovation and struggling competitive set in mass.」

RBC downgrades Bumble to sector perform from outperform

RBC downgraded the stock following earnings.

「BMBL’s Q3 was challenging -...While we’ve been less optimistic for some time on online dating (August earnings, May earnings as examples), significant negativity has been so deeply embedded in BMBL’s multiple at ~5-6x FFY EBITDA that we felt downside too limited to warrant a rating change.」

Stifel upgrades Biogen to buy from hold

Stifel said the risk/reward is attractive.

「We are upgrading Biogen to Buy.」

William Blair upgrades LegalZoom to outperform from market perform

William Blair upgraded the legal services website following earnings.

「LegalZoom reported an impressive beat-and-raise, with organic revenue growth accelerating for the second straight quarter.」