Wednesday’s Biggest Analyst Calls: Nvidia, Tesla, Palantir, JPMorgan Chase, Roblox, AT&T, Amazon & More

Here are Wednesday’s biggest calls on Wall Street:

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Deutsche Bank on Nvidia: Maintains Buy Rating
Deutsche Bank maintained its bullish stance on Nvidia, increasing its price target from $145 to $155 per share. The firm expressed optimism for second- and third-quarter earnings across its coverage list, noting that macroeconomic and tariff-related uncertainties that weighed on first-quarter performance have largely eased. This improved clarity could allow companies to better gauge demand trends for the second half of the year.

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Baird on Tesla: Remains Neutral
Baird reiterated a neutral rating on Tesla as it heads into earnings. The firm remains cautious, pointing to two key risks: a possibly weaker full-year volume forecast and margin pressure in the company’s Energy division.

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UBS on Disney: Reiterates Buy
UBS boosted its price target on Disney from $120 to $138 per share while maintaining a buy recommendation. It expects Disney’s fiscal third-quarter results to reflect continued strength in theme park demand and improved direct-to-consumer profitability, which could support ongoing double-digit earnings growth.

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Wells Fargo on AMD: Still Overweight
Ahead of AMD's upcoming earnings in August, Wells Fargo raised its price target from $120 to $185. The firm foresees continued strength in AMD’s data center segment, driven by solid execution and its expanding rack-scale strategy.

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Mizuho on Palantir: Upgraded to Neutral
Mizuho shifted its rating on Palantir from underperform to neutral, citing impressive recent performance across its commercial and government operations. The firm acknowledged underestimating Palantir’s momentum and now sees a strong chance the company could accelerate its revenue growth for a fifth straight quarter.

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Jefferies on Amazon and Meta: Maintains Buy on Both
Jefferies reaffirmed its buy rating for Amazon and raised the price target from $255 to $265, highlighting solid revenues and potential upside in margins for Q2. For Meta, the firm raised its target from $790 to $845 per share, praising the platform's ability to connect billions of users with millions of advertisers through advanced targeting capabilities.

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Guggenheim on Commvault Systems: Upgraded to Buy
Guggenheim turned bullish on data protection firm Commvault Systems, raising its rating from neutral to buy and assigning a $210 target—suggesting roughly 20% potential upside. The firm cited improved industry checks and durable long-term demand drivers.

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Citi Initiates NovaGold and QXO as Buys
Citi initiated coverage on precious metals firm NovaGold with a buy rating and a $7 target, noting the high-risk, high-reward nature of the stock. Citi also launched coverage on QXO, a player in the building products sector, assigning a $33 target and praising its potential to consolidate the fragmented market.

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UBS on Motorola Solutions: Starts With a Buy
UBS initiated coverage on Motorola Solutions with a buy rating and an 18% upside target of $490. The firm believes the stock offers an attractive investment opportunity.

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Cantor Fitzgerald on Microsoft: Reaffirms Overweight
Cantor Fitzgerald boosted its Microsoft price target from $512 to $581 ahead of the company’s July 30 earnings. The firm expects continued growth in Azure and sees Microsoft as a top contender in the AI space, justifying the valuation premium.

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JPMorgan on GDS Holdings: Upgraded to Overweight
JPMorgan upgraded data center company GDS Holdings to overweight, citing Nvidia’s move to resume shipments of its H20 AI chips to China. This development could significantly benefit GDS’s business pipeline.

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Wells Fargo on JPMorgan and Citi: Maintains Overweight on Both
Wells Fargo increased JPMorgan’s price target to $325 from $320, calling it a standout bank after a strong quarter featuring solid capital markets performance and continued $7 billion in stock buybacks. The firm also raised Citi’s target to $115 from $110, noting the bank’s visible shift toward long-term value creation, highlighted by 8% revenue growth and strong operational leverage.

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Citi on Wave Life Sciences: Initiates With a Buy
Citi began coverage on biotech firm Wave Life Sciences with a buy rating and a $16 target, indicating confidence in the company's growth potential despite its high-risk profile.

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JPMorgan on Roblox: Maintains Overweight
JPMorgan reaffirmed its overweight rating on Roblox, raising its price target from $120 to $125, citing rising engagement on the platform.

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Needham on Karooooo: Initiates With a Buy
Needham initiated coverage on Karooooo, a software company, with a buy rating and a $60 price target, seeing the firm as well-positioned for growth.

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Citi Adds Carnival to Focus List
Citi replaced Royal Caribbean with Carnival Corp. on its focus list, stating that while RCL is a best-in-class operator, Carnival offers better upside due to its lower valuation and potential to catch up, even after a solid recent run.

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Bank of America on Rockwell and Centene: One Upgrade, One Downgrade
BofA upgraded Rockwell Automation to buy from neutral, citing visible improvements from its turnaround plan. Meanwhile, it downgraded health insurer Centene to underperform, slashing its price objective to $30 due to legislative reforms that may hurt growth in Medicaid and ACA-related segments.

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Morgan Stanley on AT&T and IBM
Morgan Stanley reinstated AT&T as a top pick, citing its strong fiber growth and reduced tax burden. For IBM, the firm kept an equal weight rating but raised its price target to $253 from $233, signaling cautious optimism heading into earnings.

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Deutsche Bank on RBC Bearings: Initiates With a Buy
Deutsche Bank initiated coverage of RBC Bearings with a buy rating, noting that while only a fraction of its sales come from aerospace and defense, the company operates with qualities similar to top-tier A&D players.

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