Here are Tuesday’s biggest analyst calls: Apple, Tesla, Snowflake, Meta, CoreWeave, Circle, Amazon, Chewy, Broadcom & more
Here are Tuesday’s biggest calls on Wall Street: Morgan Stanley upgrades Snowflake to overweight from equal weight After a change in analyst coverage, the firm upgraded the stock and says it’s very bullish. “Under new CEO Sridhar Ramaswamy, SNOW has become a better executing and faster innovating company. We see AI creating a long growth runway in the core while market expansion into data engineering and AI provide the path to 20% + CAGR thru 2030.” Read more . Bank of America reiterates Apple as buy Bank of America said shareholders should stick with Apple. “Maintain Buy on strong capital returns, eventual leader at AI at the edge and optionality from new products/markets.” Goldman Sachs reiterates Tesla as neutral Goldman said its checks show mixed results for Tesla’s robotaxi launch. “Based on available data on Tesla’s robotaxi launch from news reports and the social media platform X, our initial view is that the launch is both a sign of the progress that Tesla has made with its FSD technology but also that scaling in the near term will be slow.” Roth MKM upgrades Electronic Arts to buy from neutral Roth MKM said the video game company is “lined up well for a show me story.” “Upgrade to Buy on increased confidence in EA’s ability to execute and deliver double-digit EPS growth over the next 3 years.” Citi reiterates CoreWeave as neutral Citi said it’s sticking with its neutral rating on the stock. “We’d like to gain more confidence in CRWVs business model (including key 6- year amortization assumption) and customer diversification, to get more constructive.” Citi reiterates Meta as buy Citi raised its price target on the stock to $803 per share from $690. “On META (Top Pick, TP to $803), checks highlight greater conversion rates on continued engagement strength.” Morgan Stanley initiates Amrize as overweight Morgan Stanley said the building materials company is well positioned. ” Amrize has grown aggressively, delivering a respective 13% and 16% revenue and EBITDA CAGR since 2021. M & A has featured prominently, with 17 deals delivered over the same period, most of which have been bolt-ons.” Morgan Stanley reiterates Amazon & Walmart as overweight Morgan Stanley said the two stocks are the biggest beneficiaries of rural grocery expansion. “AMZN & WMT are reshaping grocery retail with their accelerated eCommerce expansion & rising investments in delivery infrastructure for underserved rural communities.” Citizens JMP initiates Backblaze as market outperform Citizens said shares of the cloud storage company have more room to run. “We initiate coverage with a Market Outperform rating and $7.00 price target on Backblaze, Inc., an affordable cloud storage provider. Susquehanna upgrades Union Pacific to positive from neutral Susquehanna said investors should buy the dip in the railroad stock. “We view UNP’s share price underperformance as an opportunity vs. a better-than-feared volume backdrop for rails.” Morgan Stanley names Chewy a top pick The firm said the pet care company can be a player in vet clinics. “Vet clinics are a ~$40B TAM [total addressable market] where we believe CHWY has a path to win.” Morgan Stanley reiterates GE Vernova as overweight Morgan Stanley raised its price target to $511 per share from $422. “Increasing our PT to $511, implying 17x ’28 EBITDA, underpinned by stronger conviction in GEV’s ability to execute on incremental high-margin opportunities within Power and Electrification.” TD Cowen upgrades Lyft to buy from hold TD Cowen said it sees a slew of positive catalysts ahead. “We are raising estimates for Lyft, as we see multiple growth levers ahead amid strong execution from the current mgmt team, who has refocused the company on ‘customer obsession’ and has rolled out multiple innovations to improve experience for riders & drivers.” JPMorgan initiates Allegion as overweight JPMorgan said the access solutions company is well positioned. “Allegion is a market leader in commercial and institutional access solutions, with entrenched specification-driven relationships and expanding capabilities in electronic and software-based security.” Jefferies reiterates Nike as buy Jefferies said investors should buy the stock ahead of earnings on Thursday. “F’4Q should mark the trough for fundamentals as NKE continues to purge excess inventory and streamline the marketplace.” JPMorgan upgrades New Oriental Education to overweight from neutral JPMorgan said the China education company is a quality compounder. “Post the 17% correction YTD we are moving New Oriental Education (9901 HK) back to OW as the stock’s setup into FY26 (a year ending May ’26) appears much more attractive than in FY25.” Goldman Sachs downgrades RH to sell from neutral Goldman said it’s concerned about housing pressures. “While the housing market remains pressured, RH will face increasingly difficult compares for the remainder of 2025.” Goldman Sachs downgrades Dollar General to neutral from buy Goldman downgraded the stock on valuation. “After a strong recovery in the stock we are downgrading DG to Neutral from Buy. DG’s management team has worked hard to improve the company’s positioning through its Back to Basics program, which has resulted in better comp trends and improved margins.” Goldman Sachs downgrades Advance Auto Parts to sell from neutral The firm said it’s concerned the auto parts retailer will underperform peers. “We are downgrading AAP to Sell from Neutral, and our new $46, 12-month price target implies 11% downside compared to an average upside of 30% for our coverage universe.” Loop downgrades Ollie’s to hold from buy Loop downgraded the stock on valuation. “We are downgrading Ollie’s Bargain Outlet to a Hold from a Buy rating while maintaining our $130 price target.” Compass Point initiates Circle as neutral Compass Point said it sees rising competition for the stablecoin software platform. “With CRCL trading at over 100x EBITDA, its clear investors aren’t valuing the stock on near-term earnings. However, given the threat of new entrants and declining gross margins, we initiate with a Neutral rating and $205 PT.” Rosenblatt initiates Galaxy Digital as buy Rosenblatt said the crypto company offers an “attractive risk/reward.” “We are initiating coverage of Galaxy Digital with a BUY rating and $25 Price Target. In our view, GLXY shares offer a unique opportunity to invest in the burgeoning crypto sector with an attractive risk/reward.” HSBC upgrades Broadcom to buy from hold HSBC says it’s bullish on ASIC which is the company’s customer integrated circuit chips. “However, we turn positive on Broadcom as we now believe its ASIC [application-specific integrated Circuit] revenues will significantly beat market expectations from better ASIC project visibility as well as ASP pricing power.”
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