(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 tech giant and a major coffee chain are among the stocks being talked about on Thursday.
Bank of America raised its price target to $630 from $563, implying more than 10% upside. Meanwhile, Bernstein upgraded Starbucks to outperform from market perform. Check out the latest calls and chatter below.
All times ET. 5:55 a.m.
: Goldman upgrades Bilibili Goldman Sachs moved off the sidelines on Bilibili , saying the Chinese internet stock is starting a profitable growth cycle that investors don't want to miss. Analyst Lincoln Kong upgraded U.S.
-listed shares to buy from neutral and raised his price target to $22.60 from $16.50.
Kong's new price target implies 23.7% upside from Wednesday's close. "Bilibili is a highly sticky, under monetized young user based video platform, and is now turning to a more robust and profitable business model driven by higher margin ads/gaming business," Kong told clients in a Thursday note.
Kong said Bilibili should see a net margin between 10% and 15% by the end of 2026 and see positive consensus revisions over the next six to 12 months. That's due to the following: Better lifecycles for new games. Faster ad growth compared with peers.
A favorable business mix and stronger cost discipline. Kong said the market is underestimating the magnitude of new games and the potential for monetization within advert.
