Here are Tuesday's biggest analyst calls: Apple, Tesla, Amazon, GM, Crocs, Viking, Alphabet, Ford & more
Here are the biggest calls on Wall Street on Tuesday: Citigroup initiates Infleqtion at buy Citi said the quantum computer company is “unique.” “We are initiating coverage of Infleqtion with a Buy/High Risk rating and $20 TP.” Piper Sandler downgrades SAP to neutral from overweight Piper downgraded several software stocks, citing a tough macroeconomy. “Over the last few decades, software has undergone transitions (e.g., mainframe to PC, client- server, on-prem to cloud), but the SaaS [Service as a Software] to AI transition today is happening on a compressed timeline. We are adjusting PTs for certain names in our list to reflect lower multiples ahead of 1Q26 earnings. We are also downgrading three names to Neutral: SAP, MNDY, & ASAN.” Citi adds a positive catalyst watch on Alphabet Citi sees several positive catalysts ahead for the stock. “We are adding an upside 90-day Catalyst Watch on GOOGL given a favorable catalyst path with Google Cloud Next (04/22–24), 1Q26 earnings (04/29), Google I/O (05/19- 20), YouTube’s Brandcast (05/13), and Google Marketing Live (05/20) whereby we expect product updates around Google’s Gemini models, Search, YouTube, and Cloud offerings.” Evercore ISI initiates Fastly at outperform Evercore said the stock is a “durable reacceleration story.” “Fastly kicked off CY26 at an inflection point, as the narrative has shifted from slowing, delivery-driven growth and profitability skepticism to higher-quality growth supported by stronger execution and a structural platform shift with FSLY well positioned to become the embedded infrastructure for AI-native apps.” Piper Sandler upgrades Biogen to overweight from neutral The investment bank sees a “return to growth.” “We are upgrading Biogen to Overweight from Neutral and raising our PT to $214 from $177.” RBC initiates Charles River at outperform RBC said in its initiation of Charles River that it is in the midst of an “evolution taking shape.” “We initiate coverage with an Outperform rating and $215 price target, balancing near-term expectations for growth and operating margin expansion with some technological disruption in the intermediate term.” Evercore ISI initiates SanDisk at outperform Evercore said the company is a “structural AI beneficiary.” “We are initiating coverage o f Sandisk (SNDK) with an Outperform rating and $1,200 Target Price” UBS upgrades Ford to buy from neutral UBS said the auto maker has earnings power. “We upgrad e F to Buy and retain our $15 PT.” Read more. UBS upgrades Tesla to neutral from sell UBS said the EV maker is trading at a more reasonable level. “Current levels more evenly balance near-term demand challenges and investment period with the long-term physical AI opportunity, in our view. We think TSLA stock trades more on sentiment, narrative and momentum than fundamentals.” Morgan Stanley initiates Janus Living at overweight Morgan Stanley said in its initiation of Janus that the senior housing REIT is firing on all cylinders. “We see a compelling growth story boosted by strong sector-wide fundamentals. Near-term focus on strategic acquisitions and opportunity to scale efficiently. Initiate OW w/ $28 PT; 18%+ total return potential.” Rothschild Redburn & Co upgrades Viking Holdings to buy from neutral The firm said Viking offers “best-in-class revenue visibility.” “Our new valuation work shows that on normalised free cash flow, the multiple is close to those of Norwegian and Carnival and at a significant discount to that of Royal Caribbean. We upgrade to Buy.” Goldman Sachs reiterates Amazon as buy Goldman lowered its price target to $275 per share from $280 ahead of Amazon earnings. “Taken in total, we would frame the upcoming quarterly report as one in which investors remain focused on: 1) any rate of change in terms of AWS revenue growth (both reported revenues and backlog) and how it translates into a read on return on capital investments; 2) how rising energy prices might impact either transportation/logistics input costs and/or forward consumer demand in coming quarters.” Deutsche Bank upgrades General Motors to buy from hold Deutsche says it sees a compelling entry point. “Following the recent pull-back in the stock, we upgrade GM from Hold to Buy, viewing this as an attractive entry point to gain exposure to a potential multi-year re-rate story.” UBS initiates Versigent at buy UBS says the electrical architecture company is well positioned. “We are initiating coverage of VGNT with a Buy rating and a $43 price target.” JPMorgan upgrades Eastman Chemical to overweight from neutral JPMorgan said the risk/reward is too compelling to ignore at current levels. “We think that Eastman is a good risk/reward vehicle on a total return basis.” William Blair initiates Natera at outperform William Blair says the life sciences company has a compelling portfolio. “We view Natera as a core, long-term holding for growth-oriented investors. With leading positions across some of the largest markets in diagnostics (like molecular/minimal residual disease, or MRD), Natera boasts a diversified and growing portfolio of offerings.” Seaport upgrades Birkenstock to buy from neutral Seaport said demand trends are improving. “We are upgrading to Buy; let’s begin with our January initiation of Neutral. Simply put, we launched with a Neutral rating because we weren’t too bullish on Birkenstock demand trends for holiday, especially the Boston clog in the US, weren’t sure if demand trends would improve for spring/summer, and were concerned that fall 2026 might not set up too well.” Seaport upgrades Crocs to buy from neutral Seaport said demand is improving. “Lastly, CROX is a cheap stock, but that alone is not a good reason to be positive, as CROX has been a cheap stock for a while. That said, coupled with improving demand trends, a cheap stock becomes more compelling. Our $135 price target is based on a cash-adjusted forward P/E ratio of 10x, which is in-line with the company’s 1-year average multiple.” Seaport upgrades VF Corp to buy from neutral Seaport said demand is bottoming for the owner of brands like Vans. “We are upgrading VFC from Neutral to Buy and establishing a $24 price target.” Bank of America reiterates Apple as buy The firm raised its price target on Apple to $325 per share from $320. “As we head into F2Q26 (Mar Q) earnings after market close on Thur Apr 30th, we see upside to Street estimates given continued strong sales of iPhone, double-digit growth in Services revs and benefit from FX.” BTIG initiates Mondelez, J.M. Smucker and Utz as buy BTIG said the three food companies are its top ideas. “Playing Buy-rated, cash-thesis, value names MDLZ, SJM , & UTZ. We’re recommending what we view as safer, cost-tailwind, cash step-up names MDLZ, SJM, and UTZ.”
