Tuesday’s Biggest Analyst Calls: Nvidia, Apple, Valvoline, Pinterest, Block, Netflix & More

Here are Tuesday’s biggest calls on Wall Street:

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Jefferies Boosts Nvidia to Top Picks

Jefferies elevated Nvidia to its “franchise picks” list, describing it as the leading provider of AI accelerators in the data center market. The firm emphasized Nvidia’s dominant role in a sector experiencing rapid expansion thanks to artificial intelligence.

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Pinterest Upgraded by JPMorgan

JPMorgan upgraded Pinterest shares from “neutral” to “overweight,” citing the company’s success in capturing a greater share of digital advertising spending. The firm also raised its price target for the stock to $40.

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Rio Tinto Downgraded by Jefferies

Jefferies reduced its rating on mining giant Rio Tinto from “buy” to “hold.” The downgrade was prompted by various concerns, including uncertainties tied to CEO succession and other corporate headwinds.

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Evercore Lifts Block to Outperform

Evercore ISI upgraded Block (formerly Square) to “outperform” from “in line,” pointing to strong upcoming catalysts and an appealing valuation. The firm raised its price target from $58 to $75, representing about 21% upside.

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Jefferies Maintains Bullish View on Netflix

Jefferies reiterated its “buy” rating on Netflix and increased its price target from $1,200 to $1,400. Analysts cited a favorable outlook driven by upcoming U.S. price hikes, a strong content lineup, and expansion in ad-supported streaming and live events. They also projected over 20% free cash flow growth going forward.

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Goldman Sachs Turns Positive on Valvoline

Following a shift in analyst coverage, Goldman Sachs upgraded Valvoline from “neutral” to “buy.” They called it a “best-in-class” player in a fragmented market, benefiting from steady demand and minimal exposure to tariffs or broader macroeconomic uncertainty.

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Bernstein Declares Qualcomm a Top Pick

Bernstein named Qualcomm one of its top ideas, arguing the company is no longer being fairly valued. The firm noted that Qualcomm has shed its previous image of being overlooked and is now showing strong fundamentals deserving more recognition.

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Cardinal Health Upgraded by Wells Fargo

Wells Fargo boosted its rating on Cardinal Health from “equal weight” to “overweight,” saying the healthcare services provider’s stock offers compelling value. The firm also hiked its price target to $179 from $136.

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Woodward Gets a Second Chance From Deutsche Bank

Deutsche Bank reversed its prior stance on aerospace supplier Woodward, upgrading it from “hold” to “buy.” The firm admitted its previous downgrade was a mistake based on short-term considerations that ignored the company’s long-term potential.

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Apple Maintains Outperform at Evercore ISI

Evercore ISI reaffirmed its “outperform” rating on Apple, noting encouraging data from its App Store. In May, App Store revenue rose 13% year-over-year, slightly ahead of April’s 12% growth. U.S. revenue, in particular, jumped 10%, the highest since January, easing concerns stemming from a recent court ruling affecting Apple’s payment systems.

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Citi Sticks With Broadcom, Raises Target

Citi maintained its “buy” rating on Broadcom and lifted its price target from $210 to $276 ahead of the company’s earnings report. While the non-AI semiconductor business remains depressed, analysts believe it will recover and balance out margin pressures from the AI segment.

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Truist Upgrades Oshkosh

Truist raised its rating on Oshkosh from “hold” to “buy,” saying the stock is undervalued. The firm also lifted its 2026 and 2027 earnings estimates and increased its price target to $127 from $93.

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JPMorgan Turns Bearish on Bumble

JPMorgan downgraded Bumble from “neutral” to “underweight,” expressing concerns about user and revenue declines. While they acknowledged Bumble’s unique focus on a women-first experience, they cited growing competition from rivals like Hinge and predicted growth may not return until 2027.

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BMO Starts Coverage of Uranium Energy Corporation With Outperform

BMO began coverage on Uranium Energy Corporation with an “outperform” rating, stating optimism around the company’s role as a key player in the U.S. uranium production space. The firm highlighted its North American-focused asset base.

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Morgan Stanley Begins Coverage of EVgo

Morgan Stanley initiated coverage of EV charging network EVgo with an “equal weight” rating. They said the company is well-positioned in a growing electric vehicle market but its shares are fairly priced at the moment.

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Cantor Fitzgerald Backs Salesforce

Cantor Fitzgerald initiated coverage on Salesforce with an “overweight” rating. They view the company’s customer relationship management (CRM) software as central to AI development due to its rich customer data, placing Salesforce in a strong long-term position.

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UBS Upgraded by Jefferies

Jefferies upgraded Swiss bank UBS from “hold” to “buy,” citing strong capital generation and what they see as a turning point in the bank’s balance sheet strength.

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Rosenblatt Raises Target on Disney

Rosenblatt reaffirmed its “buy” rating on Disney and lifted its price target to $140 from $135. The firm noted that Disney currently holds the top domestic box office share and estimates it could generate $6 billion in movie revenue for 2025. While film accounts for less than 3% of total profits, Rosenblatt believes the unit could see a 50% increase this year driven by its release schedule.

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