Latest Wall Street Ratings: Evercore ISI Bullish on Robinhood's Growth Potential, JPMorgan Raises Apple Price Target to $360

BlockBeats news, October 12 — Several Wall Street institutions released their latest stock ratings and target price adjustments. JPMorgan raised its Apple target price from $340 to $360, maintaining an "Overweight" rating; Goldman Sachs is bullish on eBay's livestream e-commerce business, projecting a compound annual growth rate of approximately 22% for the U.S. livestream e-commerce market through 2030; Pivotal raised its SpaceX target price from $220 to $230, maintaining a "Buy" rating, and expects Starlink to reach approximately 160 million global mobile users by 2036.

Other key adjustments include:

Salesforce: Bank of America upgraded the rating from "Underperform" to "Buy," raising the target price from $160 to $285, citing improved prospects for its enterprise-level AI strategy.

Nvidia: UBS maintained its "Buy" rating, stating that management's commentary on demand remains very optimistic, with the primary bottleneck shifting from end-user demand to land, power, and data center infrastructure.

Robinhood: Evercore ISI initiated coverage with an "Outperform" rating, bullish on the growth potential of its new products as well as the development space for prediction markets and blockchain business.

First Solar: Truist upgraded the rating from "Hold" to "Buy," setting a target price of $270, citing an improved long-term pricing environment and a recent valuation pullback.

Adobe: Wells Fargo downgraded the rating from "Overweight" to "Underweight," noting that Q3 results already showed business pressure, Q4 growth targets are difficult to achieve, and management turnover along with the lack of price increases could heighten risks to FY2027 guidance.

C3.ai: Northland upgraded the rating from "Market Perform" to "Outperform," believing the company is forming new growth engines.

AST SpaceMobile: Deutsche Bank upgraded the rating from "Hold" to "Buy," maintaining a $93 target price and noting the stock has fallen approximately 65% from its May all-time high.

Manhattan Associates: Morgan Stanley upgraded the rating from "Equal Weight" to "Overweight," bullish on accelerating cloud business orders and growth momentum from AI applications.

T-Mobile: Raymond James upgraded the rating from "Market Perform" to "Outperform," believing market concerns about SpaceX competition may be overdone.

In addition, UBS initiated coverage of Shattuck Labs with a "Buy" rating and a price target of $17; Jefferies initiated coverage of Beta Bionics with a "Buy" rating and a price target of $30; TD Cowen initiated coverage of TeraWulf with a "Buy" rating and a price target of $21; Citi upgraded Allison Transmission from "Neutral" to "Buy," maintaining a price target of $135.