Here are the biggest calls on Wall Street on Tuesday:
Key upgraded the project management software company following earnings.
“We are back on the Monday train with an upgrade to Overweight and are reintroducing a price target at $420.”
The firm says the information tech company is undervalued ahead of earnings due to be released after the bell on Tuesday.
“SMCl’s confirmed February 25 financial filing deadline, coupled with its end-to-end datacenter solutions and competitive pricing, positions it to capture surging hyperscaler demand.”
KeyBanc says the stock is turning the corner and that the “prospect of future tariffs and/or steel duties should support prospective spot sheet pricing in the near term.”
“We upgrade shares of STLD to Overweight (from Sector Weight), with a price target of $155, reflecting nearly 20% total return excluding potential share repurchase activity.”
Citi says the AI chipmaker is very well positioned ahead of earnings later this month.
“However, we believe attention will shift to strength from AI companies as NVDA, AVGO and MU report in March and cell phone demand appears to be solid along [with] demand from data center and PC demand appears to be seasonal.”
UBS says the real estate company has a nice track record of execution.
“We upgrade COMP to Buy ($11 PT) on the view that the stock isn’t reflecting the benefits of the recently-closed Christie’s acquisition or the ability to drive organic market share gains.”
Citi says Walmart is a market share gainer ahead of earnings next week.
“We expect confidence in their price gaps and ability to gain share in the current environment (i.e., if further tariffs are implemented).”
Morgan Stanley says its checks show that Apple Intelligence had a “small positive impact on U.S. iPhone demand” in the company’s recent earnings report.
“As a result, we’d conclude that while yes, Apple Intelligence did appear to provide a small tailwind to eligible iPhones in markets where available (the U.S.) during the holiday quarter, it was almost entirely due to U.S. consumers accelerating purchases of the discounted 1 year old iPhone 15 Pro/Pro Max.”
The firm says Tesla’s pursuit of OpenAI is a “distraction.”
“While TSLA has shifted focus to being a Physical AI play, we view Elon Musk’s bid for Open AI as a distraction from TSLA’s challenges.”
Oppenheimer said it sees “sustained ‘double-digit’ revenue growth” for IBM.
“We are initiating coverage of International Business Machines (IBM) with an Outperform rating and a $320 price target..”
The firm says the sales outlook is getting better for the solar company.
“We upgrade First Solar to Outperform from Neutral, as our opinion on the sales outlook post-2026 has materially improved.”
The firm says the company is well positioned for “DOGE priorities.”
“For PLTR, we see the focus on operationalizing data, establishing high-fidelity digital enterprise-twins, and accelerating decision making as a winning formula. AI and data analytics are critical to unlock timely and better informed decision making – from cutting duplicative contracts, to improved logistics, to autonomous systems, to command, control and communications on the battlefield.
Guggenheim said in its downgrade of the stock that profit is being “pushed out.”
“We are downgrading SNAP to NEUTRAL from BUY and lowering our price target to $11 (vs. $13 prior).”
The firm says it likes the company’s new leadership.
“We are upgrading Peloton Interactive Inc.to BUY from HOLD with a price target of $15. The company’s fitness platform is well positioned to benefit from demand for in-home health and fitness subscription services.”
Argus said in its upgrade of Southwest that it likes management’s growth initiatives.
“Our upgrade reflects prospects for strong travel demand and management’s ability to implement its growth initiatives.”
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