Here are the biggest calls on Wall Street on Tuesday:
Stifel reiterates Nvidia as buy
Stifel says it’s bullish heading into Nvidia earnings on Wednesday after the bell.
“In aggregate estimates have been moving higher for FY26 and FY27 and we believe that a diverse set of data points support the positive revisions. Consequently, we are raising our estimates and bumping our Target Price to $180, up from $165.”
Morgan Stanley reiterates Apple, Microsoft and Meta as overweight
The firm says “mega-cap tech under-ownership narrows” in the third-quarter but that it’s sticking with all three stocks.
“MSFT remains the most under-owned mega cap tech stock we track (AAPL 2nd), while META remains the most over-owned.”
Jefferies reiterates Netflix as buy
The firm raised its price target on the stock to $1,000 per share from $800.
“We view the disclosure of 60M households watching the Paul - Tyson fight as a major breakthrough for NFLX’s live events strategy and a catalyst for attracting ad dollars away from the $50B+ US Linear TV market. These stats increase our confidence that the Christmas Day NFL games should outperform Linear viewership providing another catalyst to accelerate ad growth.”
Jefferies reiterates Uber a buy
Jefferies says investors should buy the dip in Uber shares.
“We believe recent weakness creates a more attractive entry point for UBER given our analysis shows the near-term impact to rideshare will be minimal and our view that robotaxi fleets are best off partnering w/ rideshare.”
TD Cowen names United a best idea
TD says the stock is a best idea heading into 2025 as “upside exists from domestic share gains, increasing corporate traffic and maturing international routes.”
“We believe UAL is best positioned among its peer group due to its array of idiosyncratic tailwinds on top of favorable industry fundamentals.”
Barclays initiates Okta as equal weight
The firm says the identity access management company is fairly valued.
“Okta competes in the $20B+ identity and access management (IAM) market, which is growing high-teens and where share is consolidating.”
Evercore ISI upgrades Biontech to outperform from in line
The firm says the biotech company has a robust oncology pipeline.
“We are upgrading BNTX to OP with a $125 PT. We’ve been growing increasingly constructive for some time now. The u/g call is a combination of opportunism, value (both relative & absolute), and an increasingly compelling fundamental outlook around the company’s deep and staggered oncology pipeline.”
JPMorgan upgrades Newmont Mining to overweight from neutral
JPMorgan said in its upgrade of Newmont that it sees a slew of positive catalysts ahead for the metals and mining company.
“The company has a solid track record of organic and inorganic growth. The stock trades below our valuation and we assign an Overweight rating.”
TD Cowen names Datadog a best idea
The firm says the stock is a top idea in 2025.
“We see DDOG as the largest consolidator in the market w/ ripe share gain opportunities, strong cloud leverage, & ramping FCF production.”
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