Here are Tuesday’s biggest calls on Wall Street:
Bernstein said the selloff in Nvidia shares is overdone and that the stock is “so back.”
“Nevertheless, worries that the AI trade is ‘over’ feel a little premature to us, and valuation is getting increasingly attractive.
Bank of America cut its price target on Tesla due to “slower growth and catalysts slipping.”
“Given the slower growth and rising risks, we now value the Automotive business at 9x EV/EBITDA in our sum-of-the-parts (SOTP) analysis. In addition, we also raise the cost of equity for each business segment by ~100bp due to the aforementioned factors. Our PO [price offering] subsequently drops to $380 from $490.”
Evercore said the stock is well positioned heading into earnings on Wednesday.
“We are buyers of MRVL heading into JanQ report and see the EPS set up as positive.”
DA said in its upgrade of Okta that the identity and access management company has growth upside.
“Double-digit growth now seems durable, and we are thus upgrading shares to BUY & raising our PT from $90 to $125.”
Loop said it’s standing by shares of Disney and that guidance appears too “conservative.” The firm also raised its price target on the stock to $130 per share from $125.
“The F2025 guidance appears conservative, implying the next 9 months EPS is down YoY. Assuming Snow White, an expensive title with mixed early reception being released later this month is not a problem, we think guidance and estimates should rise.
The firm said Roku’s results will “be strong and better than expected in the near term.”
“While we have decided to once again change our rating from Sell to Neutral, our long-term thesis on Roku has not changed from then to today. Instead, this upgrade is founded in the belief that Roku’s results will be strong and better than expected in the near term, and it is hard to fight momentum… for now.”
Deutsche said in its downgrade of the airline that it’s concerned about declining revenue.
“Therefore, we are rethinking one element of our overall thesis which calls for domestic unit revenue to outperform in 2025, and as such, lowering our ratings on airlines that we believe are most exposed to the emerging trend. In that regard, we are lowering our rating on both the shares of Frontier and JetBlue for Buy to Hold...”
UBS said it’s sticking with the solar stock following earnings.
“We maintain our Buy rating on RUN with a leading market share in residential solar as the country addresses load growth needs and increasing battery attach rates, which we expect to continue.”
Bank of America said investors should buy the dip in the electric energy company.
“We raise our rating on Vistra Corp. (VST) to Buy from Neutral following the stock’s underperformance resulting from the lack of datacenter news.”
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