Here are Wednesday’s biggest calls on Wall Street.
Wedbush reiterates Nvidia and Meta as Outperform
Wedbush likes the partnership between Nvidia and Meta, arguing that AI agents will drive the next wave of AI spending. The firm believes Nvidia is well positioned to support Meta’s AI agent deployment.
Wedbush maintains its Outperform rating and $920 price target on Meta and its Outperform rating and $300 price target on Nvidia.
Wolfe reiterates Tesla as Peer Perform
Wolfe says Tesla’s setup is becoming increasingly attractive but maintains its Peer Perform rating. The firm notes that Tesla is entering a period of significant cash burn despite the improving investment outlook.
Daiwa reiterates SpaceX as Neutral
Daiwa raises its sum-of-the-parts-based price target on SpaceX to $159 from $140, reflecting higher valuations across all three business segments.
Evercore ISI reiterates Apple as Outperform
Evercore ISI likes Apple’s Mac and iPad refresh announcements. The firm says the updated Mac lineup combines stronger performance with higher prices, potentially helping defend gross margins, although the benefit will depend on hardware costs and consumer demand.
The redesigned iPad Mini broadens the product refresh, while an anticipated touchscreen MacBook Pro could introduce a premium tier and further support Mac average selling prices.
Truist reiterates Amazon as Buy
Truist remains bullish on Amazon ahead of Thursday’s earnings report. The firm expects third-quarter 2026 results to land toward the high end of expectations, supported by sustained AWS growth and above-industry growth in North America.
Susquehanna reiterates Advanced Micro Devices as Buy
Susquehanna raises its price target on AMD to $650 from $620 ahead of the company’s third-quarter earnings report on Tuesday, November 3. The firm expects stronger results and guidance, driven primarily by data center demand.
Bernstein reiterates Robinhood as Outperform
Bernstein says Robinhood is firing on all cylinders following its earnings report, citing record trading volumes, pricing trade-offs, prediction markets, and new products as drivers of its next leg of growth.
Langenberg & Company upgrades Boeing to Buy from Hold
Langenberg & Company upgrades Boeing to Buy from Hold with a $250 price target. Although the firm is disappointed by delays in planned production increases for the 737 and 787, it sees an opportunity to re-enter the stock at a market capitalization roughly $15 billion lower.
Needham initiates Clover Health as Buy
Needham initiates coverage of Clover Health with a Buy rating and a $6 price target, citing an attractive earnings opportunity.
Gordon Haskett downgrades Instacart to Hold from Buy
Gordon Haskett downgrades Instacart to Hold, citing uncertainty surrounding a potential deal with DoorDash. The firm says potential upside from a deal announcement is offset by downside risk if a transaction fails to materialize.
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