Tuesday’s Biggest Analyst Calls: Nvidia, Tesla, Dell, Alphabet, Boeing, Salesforce, Microsoft & More

Here are Tuesday’s biggest calls on Wall Street

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UBS Boosts Mettler-Toledo to Buy
UBS has upgraded Mettler-Toledo from neutral to buy, citing the company’s strong fundamentals and resilience. The firm believes Mettler-Toledo is well-positioned thanks to its pricing strength and favorable business exposure. UBS is optimistic about the company’s medium-term prospects, particularly with growing service revenues, industry-leading pricing strategies, and gains from reshoring initiatives.

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Deutsche Bank Upgrades MKS Instruments
Deutsche Bank raised its rating on MKS Instruments from hold to buy, noting a more attractive valuation point. One of the main concerns previously holding back the firm was elevated subsystem inventory at MKS’ semiconductor clients. However, recent earnings suggest those inventory levels have normalized, prompting Deutsche Bank to become more bullish on the semicap firm’s core business.

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Bank of America Reaffirms Nvidia as a Buy
Bank of America remains positive on Nvidia, keeping its buy rating after the company’s CEO delivered a keynote at the Computex conference. The firm highlighted Nvidia’s standout qualities, including its expanding total addressable market across various sectors such as silicon, systems, software, and services. Additionally, Nvidia's scale through global supply partnerships and its robust balance sheet give it the flexibility to continue investing in the broader ecosystem.

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Goldman Sachs Reiterates Microsoft as a Buy
Goldman Sachs continues to endorse Microsoft as a buy and increased its price target from $480 to $550. The firm expressed growing confidence in Microsoft’s AI-related investments, which are seen as a major driver of future growth.

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Wells Fargo Maintains Overweight Rating on JPMorgan
Following JPMorgan’s investor day, Wells Fargo reaffirmed its overweight rating, pointing to the bank’s strong performance across all business areas. The firm noted that JPMorgan continues to gain market share and deliver impressive returns and efficiency, reinforcing its “Goliath is Winning” narrative.

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BMO Stands by Alphabet with Outperform Rating
BMO remains confident in Alphabet’s prospects and kept its outperform rating along with a $200 price target. The firm said concerns about competition from AI-driven search tools are exaggerated. Survey data show users are highly loyal to Google and satisfied with the company’s AI-powered search features.

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Wells Fargo Starts Coverage on SAP at Overweight
Wells Fargo initiated coverage of SAP with an overweight rating, describing the software firm as a strong defensive play. SAP is expected to benefit from ongoing cloud migration, which should help accelerate growth and narrow the profitability gap with more mature competitors.

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Morgan Stanley Maintains Overweight on Tesla
Morgan Stanley continues to view Tesla as a top pick, even though the firm believes current market expectations for its automotive segment may be too optimistic. Rising production capacity and intensified competition from Chinese automakers could impact Tesla’s international performance, the firm warned.

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Wolfe Research Lifts LivaNova to Outperform
Wolfe Research upgraded medical technology company LivaNova from peer perform to outperform, saying it sees healthy growth prospects. Although the 2025 guidance pegs organic growth at 7–8%, Wolfe sees current year growth of over 6% as both realistic and sustainable going forward.

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Citi Upgrades Kinetik Holdings to Buy
Citi raised its rating on Kinetik Holdings from neutral to buy, citing a more attractive valuation after the stock dropped more than 20%. The firm sees a favorable risk-reward opportunity in the natural gas pipeline company at current levels.

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Wells Fargo Reiterates Dell as Top Pick
Ahead of Dell Technologies’ upcoming earnings, Wells Fargo reaffirmed the stock as a top pick. The firm pointed to Dell’s strength in AI, particularly with regard to the upcoming Blackwell hardware cycle, and solid traditional server demand as reasons for its confidence.

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KBW Upgrades Blue Owl Capital
KBW upgraded Blue Owl Capital from market perform to outperform. The firm sees Blue Owl as well-positioned to benefit from rising retail interest in direct lending and credit strategies, which are increasingly popular in alternative investment portfolios.

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Bernstein Raises Boeing Price Target
Bernstein maintained its outperform rating on Boeing while boosting its price target from $218 to $249. The firm cited a series of positive developments, including aircraft orders from Qatar Airways, IAG, and AviLease, along with resumed deliveries to China and the U.S. Air Force.

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Citi Upgrades Air Lease to Buy
Citi upgraded aircraft leasing company Air Lease from neutral to buy, citing the firm’s favorable positioning to capitalize on the global recovery in air travel, particularly within Asia.

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Morgan Stanley Sticks with Salesforce
Morgan Stanley maintained its overweight rating on Salesforce, noting a favorable setup heading into earnings. The firm sees low investor expectations and achievable performance targets, combined with an attractive valuation, as reasons to stay bullish.

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Evercore ISI Upgrades Hewlett Packard Enterprise
Evercore ISI upgraded Hewlett Packard Enterprise from in-line to outperform, raising its price target from $17 to $22. The firm highlighted HPE’s favorable risk/reward profile and sees multiple growth pathways, particularly for long-term investors.

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Loop Capital Downgrades MongoDB
Loop Capital downgraded MongoDB from buy to hold, citing slower-than-anticipated benefits from AI developments. The firm also reduced its price target from $350 to $190, reflecting a more cautious outlook on growth acceleration.

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