By Michael Bloom
Publication Date: 2026-04-16 12:29:00
Here are the biggest calls on Wall Street on Thursday: JPMorgan initiates ResMed as overweight JPMorgan says the sleep apnea company is best-in-class. “RMD is the global leader in the Obstructive Sleep Apnea (OSA) market, generating the majority of revenue from CPAP devices and masks, but also with a portfolio of other respiratory health solutions and digital health businesses.” Evercore ISI reiterates Nvidia as outperform Evercore says the stock remains a top idea. “We are buyers of NVDA. NVDA has underperformed SPX recently, which we attribute to 3 concerns: 1) DeepSeek lowers AI demand; 2) DeepSeek shifts AI compute-cycles away from NVDA; and 3) Blackwell delays. Our channel checks dispute the concerns.” Raymond James upgrades Okta to outperform from market perform Raymond James says the risk/reward is too attractive to ignore. “Our recent conversations with channel partners suggest that AI is beginning to move from the experimentation to the production phase in Enterprise use cases, and agents that have previously been using human identity security will now need their own identity security. We see the potential for a significant unit TAM increase fo r Okta’s core market due to Agents in the workforce.” Read more. BTIG initiates Dick’s at buy BTIG says it sees “product innovation and storytelling” at the sporting goods retailer. “We admire the business that Mr. Stack has built over the past several decades. We are impressed by the progress he and his team have made…
