Tuesday's Biggest Analyst Calls: Nvidia, Tesla, Disney, Gap, Ford, Rivian, Apple, Tesla, Uber, Exxon & More

Tuesday’s Key Wall Street Recommendations

Bank of America Reaffirms Buy on NvidiaBank of America reiterated its buy rating on Nvidia, placing it on their best-of-breed list. They emphasized that these stocks, characterized by strong management, solid balance sheets, earnings growth, and cash flow, deliver the best long-term returns and protect against short-term volatility.

‍

Goldman Sachs Initiates Disney as BuyGoldman Sachs expressed optimism about Disney, recommending a buy. They highlighted their preference for media stocks with strong competitive advantages and clear growth prospects, steering clear of potential value traps with higher risks and less visibility.

‍

Goldman Sachs Reaffirms Buy on MicrosoftGoldman Sachs maintained its buy rating on Microsoft, setting a price target of $515. They believe Microsoft will yield strong returns from its investments in generative AI technologies.

‍

TD Cowen Upgrades Credo Technology to BuyTD Cowen upgraded Credo Technology from hold to buy, noting that the company is well positioned for growth. They named Credo their Best Smidcap Idea, anticipating accelerated and broadening revenue across programs and products beginning in the second half of fiscal year 2025.

‍

RBC Initiates Zeta Global as OutperformRBC initiated coverage of Zeta Global with an outperform rating. They see the company as well-positioned to benefit from trends emphasizing the science of demand procurement and the merging of ad-tech and marketing technology.

‍

Raymond James Downgrades Penn to Market PerformRaymond James downgraded Penn Entertainment from outperform to market perform, primarily due to valuation concerns. They noted that recent activist pressure and merger rumors have significantly increased the stock price since their coverage initiation in May.

‍

Wells Fargo Upgrades Capri Holdings to OverweightWells Fargo upgraded Capri Holdings to overweight from equal weight, with a price target of $43. They believe the market has overlooked the value of Capri’s portfolio amidst concerns over the FTC’s challenge to Tapestry’s proposed acquisition of Capri.

‍

UBS Reiterates Buy on ExxonMobilUBS reiterated its buy rating on ExxonMobil, considering it the best stock to own within their coverage for the next five years. They emphasized Exxon’s strong positioning.

‍

Deutsche Bank Initiates Carpenter Technology as BuyDeutsche Bank initiated coverage on Carpenter Technology with a buy rating and a price target of $144, citing the company’s pricing power and potential for a 47% upside.

‍

Wells Fargo Reiterates Underweight on TeslaWells Fargo maintained its underweight rating on Tesla, predicting that the company will face challenges from another quarter of sub-400k deliveries and reduced pricing driven by financing promotions.

‍

Piper Sandler Reiterates Overweight on UberPiper Sandler described Uber as a “sleeping giant,” maintaining its overweight rating. They see significant advertising opportunities similar to those exploited by Amazon, given Uber’s scale.

‍

Loop Upgrades Honest Company to BuyLoop Capital upgraded Honest Company from hold to buy, maintaining a $3 price target. They recommended buying the dip in shares of the consumer goods company.

‍

TD Cowen Upgrades Gap to BuyTD Cowen upgraded Gap from hold to buy, increasing their price target to $30. They see potential upside based on strong top-line momentum and improved margin management.

‍

Morgan Stanley Reiterates Ford as Top PickMorgan Stanley reaffirmed Ford as a top investment idea, noting that Ford has opportunities to narrow its performance gap with General Motors by focusing on capital discipline.

‍

Evercore ISI Adds Fiserv to Tactical Outperform ListEvercore ISI added Fiserv to their tactical outperform list ahead of earnings, expressing bullish sentiment towards the financial services and tech company.

‍

Truist Upgrades Ball Corp to BuyTruist upgraded Ball Corporation from hold to buy, citing attractive valuation and solid execution post-aerospace sale.

‍

Wells Fargo Upgrades Marqeta to OverweightWells Fargo upgraded Marqeta to overweight, seeing recent share weakness as a buying opportunity and anticipating positive catalysts ahead.

‍

Guggenheim Initiates Rivian as BuyGuggenheim initiated coverage on Rivian Automotive with a buy rating and an $18 price target, citing a compelling catalyst path for the company.

‍

Evercore ISI Reiterates Apple as OutperformEvercore ISI reiterated its outperform rating on Apple, believing there is still significant upside potential for the stock, particularly in iPhone revenue expectations.

‍

Evercore ISI Reiterates Outperform on C.H. RobinsonEvercore ISI maintained an outperform rating on C.H. Robinson, noting the company's enhanced ability to leverage an eventual market upturn with less spread pressure.

‍

Maxim Initiates MicroStrategy as BuyMaxim initiated coverage on MicroStrategy with a buy rating. They highlighted the company’s unique position in delivering enterprise analytics software, integrating artificial intelligence.

‍

These recommendations reflect varied perspectives on the potential of companies across sectors, from technology to consumer goods, signaling diverse opportunities for investors.

‍