(This is CNBC Pro's live coverage of Thursday's analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A chipmaker and a beauty stock were among the stocks being talked about by analysts on the Street.
KeyBanc put out a bullish earnings preview on Nvidia, noting the Blackwell chip delay would not impact results. Meanwhile, Piper Sandler upgraded Estee Lauder to overweight, citing noting the bear thesis on the stock has likely run its course. Check out the latest calls and chatter below.
All times ET. 6:03 a.m.
: Wells Fargo upgrades SentinelOne SentinelOne is benefitting from the missteps of CrowdStrike, according to Wells Fargo. The bank upgraded the cybersecurity stock to overweight from equal weight. It also raised its price target to $29 from $19 a share, reflecting 18% upside from Wednesday's close.
"We believe SentinelOne is gaining share, recently at the expense of CrowdStrike, which should translate into stronger revenue growth," wrote analyst Andrew Nowinski. "Moreover, the pipeline looks very strong, which should enable share gains to continue going forward." The upgrade from Wells Fargo comes about a month after CrowdStrike fueled a global IT outage that shuttered businesses and led to flight cancellations.
Underpinning the analyst's thesis is also a bet that SentinelOne is within two quarters of attaining operating profit break-even, which should benefit its valuation. "Given the improvement in SentinelOne's overall res.