Tuesday’s Biggest Analyst Calls: Nvidia, Tesla, Chipotle, Starbucks, Micron, Five Below, American Express, Palo Alto and More

Here are Tuesday’s biggest calls on Wall Street:

Several major Wall Street firms issued fresh ratings and price targets on Tuesday, highlighting opportunities across technology, retail, insurance, and more.

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Goldman Sachs Upgrades Clearwater Analytics
Goldman Sachs raised Clearwater Analytics (CWAN) to Buy from Neutral, pointing to strong growth prospects ahead. The firm reaffirmed its 12-month price target of $27, suggesting about 37% potential upside.

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Goldman Sachs Starts Uranium Energy at Buy
The investment bank also initiated coverage on Uranium Energy Corp. (UEC), a U.S.-focused uranium miner, with a Buy rating. Goldman sees roughly 30% upside to its $13 price target.

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Piper Sandler Boosts Chipotle to Overweight
Piper Sandler upgraded Chipotle Mexican Grill (CMG) from Neutral to Overweight, citing an appealing risk/reward profile. Analysts believe a base-case scenario of 3% comparable sales growth over the next two years could yield around 20% upside.

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Morgan Stanley Lifts Monday.com to Overweight
Morgan Stanley moved Monday.com (MNDY) to Overweight from Equal Weight after reviewing its latest results. The firm noted that moving upmarket, diversifying products, and adopting a sales-led approach carries some risk but also offers a significant growth runway.

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Bank of America Reiterates Nvidia at Buy
Bank of America remains bullish on Nvidia (NVDA) after reports that the chipmaker may secure export licenses for AI chips. The firm noted ongoing negotiations between U.S. officials and major semiconductor companies, saying recent developments—including a possible 15% levy on specific AI chips in exchange for Chinese market approvals—are ultimately a net positive. Bank of America also maintains Buy ratings on both Nvidia and AMD.

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BMO Starts Assurant at Outperform
BMO Capital initiated Assurant (AIZ) at Outperform, expecting strong upward earnings revisions. The firm set a $238 price target.

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Morgan Stanley Upgrades Resideo Technologies
Morgan Stanley upgraded Resideo Technologies (REZI) from Equal Weight to Overweight, citing underappreciated operational performance. The new $35 price target implies a 27% upside from current levels.

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RBC Starts GDS Holdings at Outperform
RBC Capital began coverage of GDS Holdings (GDS) with an Outperform rating. Analysts believe the IT services company stands to benefit from a stabilizing Chinese data center market and robust international demand.

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Baird Upgrades Starbucks to Outperform
Baird raised Starbucks (SBUX) from Neutral to Outperform, saying its turnaround under new leadership is gaining momentum. The firm expects greater clarity on the company’s transformation over the next several quarters.

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Loop Capital Upgrades Five Below to Buy
Loop Capital upgraded Five Below (FIVE) from Hold to Buy, increasing its price target from $130 to $165. Analysts believe the market is undervaluing the retailer’s earnings potential, especially following recent merchandising and pricing changes under new CEO Winnie Park.

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JPMorgan Reiterates Micron as Overweight
JPMorgan reaffirmed its Overweight rating on Micron Technology (MU) after the company’s preannouncement. The price target was raised to $185 from $165. The firm expects solid cost controls and improving market fundamentals to drive margin and earnings growth through 2026.

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Stephens Starts SailPoint at Overweight
Stephens initiated coverage on SailPoint Technologies (SAIL) with an Overweight rating, naming it a top investment idea. The firm cited a favorable outlook for the identity security market and SailPoint’s strong positioning as a leading strategic platform provider.

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Bank of America Reiterates American Express at Buy
BofA kept its Buy rating on American Express (AXP) ahead of the upcoming U.S. Platinum Card refresh this fall. The firm expects short-term increases in customer engagement costs but believes the refresh will improve retention rates.

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Piper Sandler Boosts Palo Alto Networks to Overweight
Piper Sandler upgraded Palo Alto Networks (PANW) from Neutral to Overweight, highlighting strong momentum in its platform strategy. The firm forecasts steady double-digit growth through 2029, improved free cash flow margins, and set a $225 price target.

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Guggenheim Reiterates Tesla as Sell
Guggenheim maintained its Sell rating on Tesla (TSLA), expressing ongoing skepticism about the company’s full self-driving technology. The firm noted that safety drivers remain in vehicles and no removal timeline has been announced, making it unlikely investor sentiment will shift soon.

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Guggenheim Starts Paramount Skydance at Buy
Guggenheim began coverage on Paramount Skydance Corp. (PSKY) with a Buy rating and a $13 price target, showing confidence in the merged media company’s potential.

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