Here are Thursday's biggest analyst calls of the day: Tesla, Shopify, PayPal & more

Published Thu, Jun 18 20208:32 AM EDT

Key Points

Jefferies raised its price target on Tesla to $1,200 from $650.
RBC raised its price target on Shopify to $1000 from $825.
Credit Suisse upgraded Church & Dwight to overweight from neutral.
Susquehanna raised its price target on PayPal to $190 from $150.

(This story is for CNBC PRO subscribers only.) Here are the biggest calls on Wall Street on Thursday: Jefferies raised its price target on Tesla to $1,200 from $650 Jefferies raised its price target on the stock to a Street high and said the company's momentum is accelerating in the wake of the coronavirus pandemic. "We see Covid-19 as an accelerator of the transition to EVs and renewables, from consumers and public policy. Tesla remains significantly ahead of peers in product range, capacity and technology. Near term, EV friendly incentives in the EU and lower priced Model 3 support H2 volume, making Tesla more resilient than peers." Read more about this call here . RBC raised its price target on Shopify to $1000 from $825 RBC raised its price target on the ecommerce company that helps businesses online to a Street high and said the stock was "underappreciated." "Despite a doubling in its share price YTD, we believe the market still underappreciates three things about SHOP : its total addressable market, its Take Rate Potential, and its Operating Margin potential…and hence its EPS power. Based on updated Comps analysis, strengthened DCF drivers, and a forwarding of our val framework to '22, we are raising our PT to $1,000." Credit Suisse upgraded Church & Dwight to overweight from neutral Credit Suisse upgraded the household product manufacturer and said it liked the company's "clean" balance sheet and "favorable" M & A prospects among other things. "We believe the shares could reach $100 (33% upside potential) in a Blue Sky scenario and $60 (19% downside risk) in a Grey Sky world. We expect outperformance despite an optically high valuation: Church 's operating model is best designed to thrive in this environment, with a value-oriented portfolio, clean balance sheet, favorable M & A prospects and a long history of stability through difficult periods. Meanwhile CHD shares currently trade at the lowest relative valuation to the S & P in a decade." Susquehanna raised its price target on PayPal to $190 from $150 Susquehanna raised its price target on the stock to a Street high and said it sees an improved revenue outlook as credit card volumes rise in ecommerce. "From a near-term perspective, intra-quarter data from the networks show that through May credit card volumes improved - particularly in e-commerce - for which PYPL is a natural beneficiary. Raising estimates and our price target follows to $190 based on improved total payment volume and revenue outlook from 2020 through 2022."

Tesla CEO Elon Musk reacts during a conversation at the E3 gaming convention in Los Angeles, June 13, 2019.

Mike Blake | Reuters

(This story is for CNBC PRO subscribers only.)

Here are the biggest calls on Wall Street on Thursday:

Jefferies raised its price target on Tesla to $1,200 from $650

Jefferies raised its price target on the stock to a Street high and said the company's momentum is accelerating in the wake of the coronavirus pandemic.

"We see Covid-19 as an accelerator of the transition to EVs and renewables, from consumers and public policy. Tesla remains significantly ahead of peers in product range, capacity and technology. Near term, EV friendly incentives in the EU and lower priced Model 3 support H2 volume, making Tesla more resilient than peers."

RBC raised its price target on Shopify to $1000 from $825

RBC raised its price target on the ecommerce company that helps businesses online to a Street high and said the stock was "underappreciated."

"Despite a doubling in its share price YTD, we believe the market still underappreciates three things about SHOP: its total addressable market, its Take Rate Potential, and its Operating Margin potential…and hence its EPS power. Based on updated Comps analysis, strengthened DCF drivers, and a forwarding of our val framework to '22, we are raising our PT to $1,000."