Here are Tuesday’s biggest calls on Wall Street:
Melius reiterates Nvidia as buy
Melius said it’s standing by its buy rating on the stock and that the shares have “a lotta value.”
“Nvidia Shares Still Pack a Lotta Value.”
UBS reiterates Apple as neutral
UBS said its checks show Apple’s iPhone shipments improving in China.
“Based on our analysis of China smartphone unit shipment “sell-in”, iPhone shipments in the month of April were up 52% YoY.”
Morgan Stanley reiterates Microsoft and Meta as overweight
Morgan Stanley said in its analysis of large-cap institutional ownership that Microsoft is the most under-owned and Meta the most over-owned.
“MSFT remains the most under-owned mega cap tech stock we track, and META is most over-owned.”
Morgan Stanley reiterates Amazon as overweight
Morgan Stanley said the e-commerce giant has a “widening” competitive advantage.
“AMZN’s competitive advantage seems to be widening, a product of its digital and fulfillment investments.”
Evercore ISI reiterates Netflix as outperform
Evercore raised its price target on the stock to $700 per share from $650 after a series of survey checks.
“We reit our Outperform, modestly raising estimates and boosting our PT to $700 in the wake of our detailed U.S. & UK survey work as well as our proprietary analysis of Netflix’s Basic Plan sunsetting initiative.”
Loop reiterates Dell as buy
Loop said Dell is a “legit Gen AI participant.”
“Raising our PT to $185 from $125 (as well as our normalized EPS to $11.00 from $10.00) as our work along with Loop Capital Supply Chain Analyst John Donovan continues to show legitimate Gen AI progression the last 90 days which seemingly could progress through CY2025.”
Morgan Stanley reiterates CrowdStrike as a top pick
Morgan Stanley raised its price target on the stock to $422 per share from $372.
“With an expanding TAM, improving upsell and FCF, we see CRWD surpassing $100B market cap in the NTM [next 12 months] and nearly doubling in 4-5 years.”
Wedbush upgrades Airbnb to outperform from neutral
Wedbush said investors should buy the dip in shares of Airbnb.
“We think investors should take advantage of this period of relative weakness and see potential upside to near term estimates following disappointing 2Q guidance that we view as conservative given positive travel data points thus far in 2Q.”
Argus downgrades Southwest to hold from buy
Argus said it sees too many negative catalysts for shares of Southwest.
“Downgrading to HOLD. With employee costs high and aircraft deliveries delayed, the road to recovery is likely to take longer than anticipated.”
Mizuho upgrades Norwegian to buy from neutral
Mizuho said in its upgrade of the cruise company that it sees an upside to earnings.
“NCLH has been a consensus short over the last two years, but we believe sentiment is beginning to shift.”
Bank of America initiates Viking as buy
Bank of America said it’s bullish on shares of the cruise company.
“Unlike cruise peers with a portfolio of brands for many demographics, Viking has a single brand with uniformity across its fleet, with recognizable offerings to its target market: affluent North American travelers ages 55+.”
Wells Fargo downgrades ZScaler to equal weight from overweight
Wells said it sees too many negative catalysts for the IT security company.
“We are downgrading shares of ZS to Equal Weight and lowering our PT to $182 (from $240).”
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