Here are Thursday’s biggest calls on Wall Street:

Baird initiates Oracle as outperform

Baird said Oracle has “has positioned itself at the center of the most significant trend in the history of computing: AI.”

“We are initiating coverage of Oracle with an Outperform rating and $365 price target.”

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BMO reiterates Alphabet as outperform

BMO raised its price target to $294 per share from $225.

“GOOGL’s AI leadership continues to translate into strength in core Search and GCP [Google Cloud Platform] per expert checks, as GOOGL benefits from ongoing AI integrations and product launches, driving incremental user value.”

BMO reiterates Amazon as outperform

BMO said Amazon remains a top pick.

“3Q25E checks continue to support 2H25E AWS growth acceleration, although ramping competition and capacity constraints likely limit incremental upside.”

Berenberg upgrades DraftKings to buy from hold

The firm said investors should buy the dip.

“We upgrade DraftKings to Buy as we view the recent sell-off in the shares as unjustified. While we acknowledge risks from prediction markets, as it stands today, we have seen little disruption and thus see upside to our new price target of $43.00.”

RBC initiates Cava as outperform

RBC said Cava has plenty more room for growth.

“We view CAVA as the dominant brand in the fast-growing Mediterranean category with a long runway for unit growth.”

Piper Sandler upgrades PNC to overweight from neutral

Piper says investors should buy the dip in the regional bank.

“Next, we are upgrading The PNC Financial Services Group, Inc. (PNC) from Neutral to OW. PNC has been an interesting one this year. Despite strong fundamental performance, the shares have languished. They are basically flat YTD, and PNC is the second worst performing large regional we follow.”

Canaccord initiates Oklo as buy

Canaccord said shares of the nuclear company have more room to run.

“We are initiating on OKLO with a BUY rating and $175 price target.”

HSBC upgrades IQVIA to buy from hold

HSBC said it sees an attractive risk/reward for the clinical research company.

“We expect easing regulatory clouds in pharma to support IQVIA’s rerating.”

Deutsche Bank initiates Moelis & Co as buy

Deutsche said it’s bullish on the investment bank.

“We are initiating coverage of Moelis and Company with a BUY rating and a target price of $80.”

Deutsche Bank initiates Evercore ISI as buy

Deutsche said the investment bank is “well levered to cyclical recovery.”

“We initiate coverage on Evercore Inc., with a Buy rating and TP of $400.”

Citi adds a positive catalyst watch on Carvana

Citi said sales tracking numbers look robust.

“Given our tracking ahead of Carvana’s 3Q25 earnings on 10/29 AMC [after market close], we are raising our projections for 3Q and beyond, opening a positive Catalyst Watch, and we reiterate our Buy rating and $490 TP.”

Cantor Fitzgerald reiterates Nvidia as overweight

Cantor raised its price target on the stock to $300 per share from $240 following management meetings.

“We hosted NVDA mgmt for investor meetings in NYC this past week, including Jensen Huang (CEO), Colette Kress (CFO), Toshiya Hari (IR), as well as other Senior Executives.”

Citi upgrades Tractor Supply to buy from neutral

Citi said the farm equipment supply company is defensive.

“Big picture, TSCO is a defensive growth retailer not dependent upon a housing market recovery to return to algo growth and trading at a discount to the retail market share winners’ basket. We see a compelling risk/reward in our bull case vs. bear case scenarios.”

JPMorgan upgrades Marsh & McClennan to overweight from neutral

JPMorgan said the insurance giant’s shares are compelling.

“Also, we are upgrading MMC from Neutral to Overweight given the company’s strong brokerage franchise, tempered growth expectations, and drop in valuation.

Morgan Stanley reiterates Microsoft as overweight

Morgan Stanley said Microsoft is best positioned in AI spend.

“Microsoft remains best positioned to capture incremental share of GenAI spend and IT budgets as workloads move to the cloud.”

Goldman Sachs reiterates Broadcom as buy

Goldman analyst Jim Schneider says the stock is well positioned heading into earnings season.

“Jim continues to see AVGO as the leader in AI custom compute and merchant networking silicon.”

Jefferies initiates Williamsas buy

Jefferies said it’s bullish on the power generation company.

“WMB’s expansion into BTM {behind-the-meter] power generation is the key driver of our Buy thesis.”

Bank of America upgrades Citizens Financial to buy from neutral

The firm said the stock is compelling.

“We upgrade Citizens Financial (CFG) to Buy from Neutral, raise PO to $65 from $52, now based on 12.5x our 2026 P/E...”

Bank of America initiates Scholar Rock as buy

Bank of America said the biopharma company is well positioned.

“We initiate coverage of Scholar Rock (SRRK) with a Buy rating and a $53 PO.”

TD Cowen reiterates Tesla as buy

TD Cowen said it’s standing by shares of Tesla and raising its price target on the stock.

“We’re also Buy rated on Tesla (PT to $509 from $374)...”

Jefferies downgrades Freshpet to hold from buy

Jefferies said in its downgrade of Freshpet that it sees too many negative catalysts.

“Scaled premium pet food manufacturer experiencing a prolonged slowdown with tough comps and low visibility into a growth rebound catalyst.”