Wall Street Shifts Spotlight: Apple, Tesla, Toast, Toll Brothers, Delta, Oracle Among Top Analyst Moves

Apple (NASDAQ: AAPL) caught attention on Thursday as KeyBanc maintained its sector weight rating after noting somewhat stronger sell-through of the iPhone 17 than earlier anticipated. Mixed data from carrier surveys provided a nuanced view, but overall, iPhone 17 demand edged modestly higher against store expectations.

Broadcom (NASDAQ: AVGO) also had the spotlight with Citigroup reiterating a Buy rating ahead of its December earnings. The chipmaker's growing exposure to AI, representing nearly a third of its fiscal year 2025 sales, particularly via Google's TPU expansions, keeps optimism intact despite sector volatility.

In travel stocks, Citi initiated Buy ratings on the big three U.S. airlines-Delta Air Lines (NYSE: DAL), United Airlines (NASDAQ: UAL), and American Airlines (NASDAQ: AAL). The firm expects these carriers to navigate ongoing industry headwinds, assigning differentiated risk profiles and price targets, with Delta pegged at $77 and United reaching $132 by the end of 2026.

Toast (NASDAQ: TOST) entered the mix with JPMorgan elevating its rating from Neutral to Overweight. The restaurant technology provider is praised for strong growth potential without legacy tech burdens, aiming for near-billion-dollar EBITDA in 2027 at a reasonable valuation.

JPMorgan's outlook wasn't all positive in fintech, as they handed a Neutral downgrade to PayPal (NASDAQ: PYPL). Challenges are mounting, and the firm is signaling caution amid valuation pressures even as fintech valuations teeter.

Toll Brothers (NYSE: TOL) found favor with JPMorgan, which upgraded the homebuilder to Overweight from Neutral, citing better positioning in 2026 compared to Lennar (NYSE: LEN), which took a downgrade to Underweight. The outlook acknowledges a tough housing environment ahead with demand and supply mismatches weighing down fundamentals.

Oracle (NYSE: ORCL) remained in focus as Citi reiterated its Buy but trimmed the price target to $375 from $415, reflecting concerns over capital expenditure and debt amid a shifting AI backdrop. Still, the company's core business and position in AI are viewed as resilient despite the headwinds.

Tesla (NASDAQ: TSLA) got some tech kudos from RBC, which highlighted its push into the humanoid robot arena with the Optimus model targeting manufacturing and service industries. The robot race is considered wide open, with Tesla jockeying for a crucial lead beyond its electric car empire.