This is CNBC Pro’s live coverage of Thursday’s analyst calls and Wall Street chatter.
Online marketplace giant Amazon took focus in the overnight market calls, with analysts at Jefferies seeing a broad range of factors likely to contribute to a surge in the company's share prices.
"As a reminder, Meta last disclosed in 2021 that they had 10M advertisers on the platform vs. 200M+ businesses implying there is still ample runway to convert non-paying businesses into advertisers," he said.The firm reiterated a buy rating on the e-commerce stock on Thursday and raised its price target to $225 per share from $190. Jefferies' forecast calls for more than 23% upside from Wednesday's $182.41 close.
Thill cautioned that Amazon will need to expand its artificial intelligence offerings to stay competitive in the sector as"multi cloud adoption grows."The firm downgraded the bank stock to neutral from buy, but raised its price target slightly to $40 per share from $39. UBS' forecast implies nearly 7% upside ahead from Wednesday's $37.44 close.
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