Apple, Amazon, Arista, Costco, Joby, Netflix & More Are Among The Biggest Analyst Calls Of Tuesday

Here are the top Wall Street calls from Tuesday:

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Costco is upgraded by Northcoast to buy after holding

According to Northcoast, the wholesale merchant still has additional potential.

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Notwithstanding the difficulties of rising inflation and the hesitation of many consumers to buy discretionary goods, Costco's performance for its 2QF23 (ending February 12) of $3.30 per share surpassed expectations and laid the groundwork for a solid second semester of fiscal 2023.

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Arista Networks and Juniper are proposed for purchase by Goldman Sachs.

A number of networking equipment stocks were started by Goldman, who noted their appealing valuations.

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"We commence coverage of America's Communications Technology equities including Arista Network (ANET, Buy), Juniper Networks (JNPR, Buy), Cisco Systems (CSCO, Neutral), and F5 Network (FFIV, Neutral)."

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UBS maintains that Apple is a buy.

According to UBS's checks, income from the App Store is trending flat.

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We estimate that Apple's App store revenue growth is continuing flattish two months into the Third quarter, increasing just 31 basis points year over year (Sensor Tower), a slight improvement compared to a 68 basis point YoY loss in Q4:22.

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Joby is downgraded by Deutsche Bank from hold to sell.

Deutsche claimed that the aviation company faces too many dangers.

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We lower Joby from Hold to Sell because we think there are significant concerns that the market is ignoring and that Joby's premium valuation is excessively disproportionate in comparison to its peer, Archer.

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UBS affirms that BJ's is a buy

UBS stated that it is optimistic about BJ's going into its earnings earlier this week.

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"We anticipate BJ's to publish strong fourth-quarter results. BJ's will probably end the year on a high note, in our opinion.

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Reiterating that Bank of America is overweight, Wells Fargo

The world's largest bank, according to Wells, offers "tech perks."

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"Technology advantages should enable BAC exhibit roughly the highest revenue vs. expenditure growth spread in 2023, resulting in better incremental consumers bank profit margins."

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Amazon is still a buy, according to Goldman Sachs.

The e-commerce behemoth is currently a top pick, according to Goldman.

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From current trading levels, "AMZN (now firmly our top pick for the balance of 2023) with debates centered on the potential slow - down in AWS, the way forward for NA eCommerce operating margins, the state of the AMZN consumer worldwide & any accessibility into International eCommerce failure trajectory in the coming years."

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Bluebird bio is started by Baird as an outperform

Bluebird Bio will "fly past" forecasts, according to Baird.

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In the future, management seems prepared to introduce Lovocel into the sickle - cell disease market in late 2023, which represents a greater orphan disease opportunity.

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The launch of Mineralys Therapeutics by Credit Suisse

The biopharma business that creates medications to treat hypertension was dubbed best in class by Credit Suisse.

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Our initial rating for Mineralys Therapeutics (MLYS) is Outperform, and our target price is $40.

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On Vivid Seats, Evercore ISI launches a tactical outperform.

Prior to Tuesday's earnings, Evercore stated that it is optimistic about the seat ticketing company.

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"Before the print, we are introducing SEAT to our Tactical OP list. The current Street projections are not at serious danger, and SEAT shares have fallen 18% since the company's Q3 Earnings call in November and 9% year to date.

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Hesai Group is flagged by Morgan Stanley as overweight

The provider of lidar solutions, according to Morgan Stanley, is "an driver of an autonomous future."

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We believe that despite its infancy, Hesai, a leader in LiDAR solutions, should gain from China's increasing LiDAR use as smart EV penetration rises.

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Walmart is still considered overweight by Morgan Stanley.

As the retail behemoth continue to sign up new Walmart+ subscribers, Morgan Stanley stated that it is standing by its shares of Walmart.

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"Current poll points to ~18.5m Walmart+ members (~14.5% penetration), again minor tick upward. TAM reached approximately 30 million users, a record by 3.5 million, indicating further expansion.

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Netflix remains a hold, says Loop

According to Loop, analysis of its survey data reveals that charging for password sharing is increasing Netflix's revenue.

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"To assess the effect of Netflix paying for password sharing, we conducted a poll of more than 500 domestic Netflix subscribers. Limiting the amount of shared accounts and charging for login sharing have a direct impact on ARPU, revenue, and turnover.

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Oracle remains a buy, according to Jefferies.

According to Jefferies, there are more positive than negative factors for Oracle stock.

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"ORCL continues to be our large cap software tactical value pick."

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Canaccord launches a buy on Perrigo

Canaccord declared itself to be positive on the producer of over-the-counter health items.

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"We are starting coverage of Perrigo, a health information company that specializes in providing OTC and other self-care goods. In the US and Europe, PRGO mostly distributes private label and branded goods.

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Atlantic Equities reiterates its overweight rating for Charles Schwab.

According to Atlantic Equities, the financial services company's expansion strategies have a 30% potential upside.

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We think the market is still undervaluing the significant upside potential from Schwab's growth plans.

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DraftKings is upgraded by Argus to buy from hold.

As more states have legalized gambling, Argus stated that it is positive on the sports gambling industry.

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"We predict DKNGs' revenue to expand to $3.1 billion in 2023 from $323 million in 2019, as more states permit sports betting via the internet and consumers allocate more of their spending towagers."

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Evercore ISI raises Delta to perform better than expected

Evercore advised investors to purchase the drop as it anticipates multiple favorable triggers for Delta coming up.

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Recent pilot agreement ratification reduces the uncertainty of Delta's cost outlook relative to peers. The planned June investing day at its Atlanta head office is a good chance to clarify financial goals and market segments like tech operations.