Here are the biggest calls on Wall Street on Wednesday:
The firm lowered its price target to $160 per share from $200 due to the tariff uncertainty but says the stock is still well positioned.
“Our $160 PO is based on 26x CY26E PE ex cash, toward lower-end of NVDA’s historical 25x-56x forward year PE range, which we believe is justified given near-term concerns around cost inflation and tariffs, partially offset by stronger growth opportunities ahead as gaming cycle troughs and data center demand potentially faces strong, long-term demand dynamics.”
The firm said in its initiation of the stock that ad demand remains robust.
“Initiating coverage of RDDT with Outperform rating and $125 target. Following 49% stock pullback since 2/19 vs. NASDAQ’s -16%, we believe investors are properly discounting medium-term risks: reliance on Google; difficult 2Q DAU comp; weak international engagement; and risk of monetization wall.”
Piper cut its estimates on the stock but says it’s sticking with Tesla shares.
“We’re cutting our estimates to reflect this outlook, and our price target is now $400, down from $450. However, while our 2-3 month outlook leans bearish, remember that TSLA can rally sharply whenever ‘big picture’ catalysts emerge.
Goldman says it sees too many negative catalysts for the stock.
“We are downgrading TGT to Neutral from Buy given with the macro backdrop getting more volatile, we are concerned about seeing a recovery in growth for discretionary categories, which was a key tenant to our original Buy thesis, possible top line deleverage, along with the risk of tariffs point to more downside risk in EPS than upside...”
BMO reduced its growth estimates on Amazon Web Services but says “AWS remains best-positioned to benefit from the $5T TAM [total addressable market] opportunity.”
“Reiterate Outperform, but reduce estimates and Target Price to $235 from $280.”
The firm says investors should buy the dip.
“Despite near-term uncertainty, we remain optimistic about COIN’s long-term potential. COIN trades at a discount of 47% to HOOD vs. a 28% premium for historical average.”
Morgan Stanley lowered its price target on the stock to $90 per share from $95.
“Palantir’s technical capabilities coupled with a forward deployed engineer model allows customers to realize early success on their GenAI initiatives.”
The firm says there’s too much uncertainty over U.S. Steel’s deal with Nippon Steel.
“We also downgrade X to Neutral, with the pending NSC deal seemingly in the hands of the Trump administration as this point.”
Jefferies says the grocery chain company is well positioned.
“We upgrade GO to BUY, given our view that the company’s defensive positioning as a low-price grocer could drive outperformance during periods of economic uncertainty.”
The firm says the defense company is a beneficiary of potential defense exports.
“We upgrade LMT to OW from EW as we now see a more attractive risk-reward proposition in the stock.”
Morgan Stanley says the risks for Caterpillar are baked in to the stock.
“Net net, we would not be surprised to see shares go lower from here before rebounding, but similarly would expect investors, particularly those with a longer term investment horizon, to likely use sell-offs in the coming months as an opportunity to build a position.”
Morgan Stanley said in its upgrade of United Rentals that the construction equipment company is less exposed to tariffs.
“First, its relatively limited direct exposure to tariff headwinds, which combined with the company’s strong pricing power over suppliers positions it to better mitigate the risk of inflation.”
The firm says it sees “notable international growth opportunities ahead.”
“We continue to see NOC with the most defensible product portfolio given strong alignment to enduring DoD needs (e.g., nuclear modernization, space).”
Mizuho says the content delivery and networking company is an AI beneficiary.
“More broadly, we believe NET possesses highly scalable architecture and a culture of strong innovation, and we are bullish on the AI inferencing opportunity.”
The firm says the railroad company’s “idiosyncratic qualities will limit further tariff-derived downside.”
“Union Pacific (UNP) has made material progress over the past 18 months, improving service, trimming headcount and growing volumes. A rare feat when achieved in conjunction.”
Wolfe said in its upgrade of Freeport-McMoRan that the stock is undervalued.
“We upgrade to Outperform from Peer Perform as shrs look undervalued relative to recent strength in gold, and potential further upside in copper from U.S. tariffs.”
The firm said in its initiation of the ride sharing company that “product investments and partnerships are working.”
“LYFT has been investing in its supply, putting downward pressure on fares, driving stable and healthy active rider/frequency growth of +10%/+6% in 2024 and +10%/+8% in 2023.”
The firm lowered its price target on Microsoft to $472 per share from $530.
“Even post our proactive cuts to our estimates, the valuation looks attractive at 25X GAAP CY26 EPS, for a long-term GenAI winner.”
Needham says the med tech manufacturer has a diverse pipeline.
“We believe Boston Scientific’s deep and broad product portfolio and pipeline should drive high-single digit revenue growth. And mix, cost reduction efficiencies, and operating leverage should drive double-digit earnings growth.”
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。