(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 chipmaking giant and Instagram’s parent company were among the stocks being talked about by analysts on Thursday. Stifel raised its price target on Nvidia to $165, implying more than 20% upside. Meanwhile, KeyBanc increased its Meta Platforms target to $540. Check out the latest calls and chatter below. All times ET. 6:29 a.m.: JMP initiates Life360 at a market outperform There’s a bright outlook ahead for Life360 , according to JMP. The investment firm initiated coverage of the location-based service provider app at a market outperform rating. Analyst Andrew Boone also set a price target of $38, corresponding to a nearly 22% increase from Tuesday’s close. Life360 went public on June 6, making its debut at $27 per share. The stock has climbed nearly 16% since then. LIF 1M mountain LIF sees big gains since IPO “Our positive view is based on the company’s significant lead in downloads and usage over competitors, driven by its freemium offering, its stable and growing cohorts of registered users and subscribers, and significant potential upside to our and consensus estimates from maturation of its recently launched advertising business,” Boone wrote. The analyst noted that the company’s freemium strategy has rapidly grown its market share. Boone also highlighted Life350’s strong subscriber net revenue retention of around 100%. Meanwhile, Boone believes the company has a clear path to pulling in more than $100 million in U.S. advertising revenue. “With ~60M users on Life360’s free tier, high engagement as the average user opens the app 5x a day, and extensive location data, the company has the operating assets to create a significant advertising business,” he added. — Lisa Kailai Han 6:06 a.m.: Stifel raises its price target for shares of Nvidia Stifel raised its price target for Nvidia in a recent note. The financial firm stood by its buy rating for the graphics processing unit manufacturer and artificial intelligence beneficiary and upped its price target in the wake of the company’s recent stock split. Analyst Ruben Roy’s updated forecast of $165, up from $114 — adjusted for a recent 10-1 split — means that shares could rise 22% from Tuesday’s close. Shares of Nvidia, a Wall Street darling, have soared nearly 174% this year. Roy added that his new price target was also based on his new earnings estimate for the fiscal year 2027. Additionally, he underscored Nvidia’s leading position in high-yield markets as a catalyst, as long as a “longer-term opportunity funnel that could approach $1 trillion,” he wrote. “We expect the majority of near-to-medium term opportunities will come from high-performance computing, hyperscale and cloud data center, and enterprise and edge computing,” the analyst added. “While we continue to view NVDA’s exposure to Gaming, Automotive and Professional Visualization favorably, the shift from general purpose compute to accelerated compute represents the company’s most significant revenue and profitability growth opportunity over the next several years, in our view.” — Lisa Kailai Han 6:06 a.m.: KeyBanc raises Meta Platforms price target Strong ad momentum will drive more gains for Meta Platforms shares, according to KeyBanc. Analyst Justin Patterson raised his price target on the social media giant to $540 from $475, reiterating his overweight rating on the stock. The updated forecast implies upside of 8.1%. This quarter, “we have seen a meaningful uptick in Meta ad prices. We believe this reflects ongoing progress with AI across engagement, ad relevance, and advertiser returns,” Patterson wrote. “Further, we have seen daily trends look strong through mid-June and suggest an even faster acceleration. … Taken together, we believe this is a sign that ROI remains attractive and advertisers are seeing returns from Meta’s AI products.” Meta has rallied more than 41% year to date, as investors continue betting on artificial intelligence boosting corporate profits. META YTD mountain — Fred Imbert
