Here are Tuesday's biggest analyst calls: Nvidia, Apple, Tesla, Intel, Reddit, CrowdStrike, Disney, Palo Alto & more
Here are Tuesday’s biggest calls on Wall Street: Berenberg initiates Palo Alto Networks as buy Berenberg said the company is “best-in-class.” “Palo Alto Networks (Palo Alto) is a rare quality compounder in cybersecurity, combining multiple growth engines with strong product breadth and best-in- class execution.” Bank of America reiterates Tesla as buy Bank of America said it’s sticking with the stock ahead of earnings this week. “We think investor focus for TSLA 1Q earnings will be on its robotaxi deployments, as it looks to disrupt the rideshare market and capture a portion of the $1tn+ market opportunity and as competition accelerates with Uber & Waymo.” Raymond James upgrades Ball Corp to outperform from market perform Raymond James said it sees “outsized growth” for the can company. “We view BALL as the most ‘buttoned up’ on cost pass-throughs/hedges, and structural tailwinds for the beverage can continue to support outsized growth vs. Packaging peers.” Stifel initiates Simpson Manufacturing as buy Stifel said the construction materials company is a share gainer. “We are initiating coverage of SSD with a Buy rating and $205 target price.” Rothschild & Co Redburn upgrades Colgate-Palmolive to buy from neutral The firm said the company has an impressive track record. ” Colgate emerges favourably from such analysis given the resilient growth it offers in key divisions, its strong track record on driving pricing and productivity savings, and an absolute and relative valuation below multi-year average levels.” Canaccord initiates Scholar Rock as buy Canaccord said the biotech company has plenty of upside. “We’re initiating coverage of SRRK with a BUY rating and $62 price target.” HSBC upgrades Intel to buy from hold HSBC said the market is overlooking a “CPU-led growth opportunity.” “Though we agree these announcements paint a much more positive picture of Intel’ s overall financial position as well as its foundry outlook, we believe the market is still overlooking a key element – the server CPU-led growth opportunity.” Canaccord initiates AbbVie as buy Canaccord said the biopharma company is a “core holding.” “We’re initiating coverage of ABBV with a BUY rating and $262 price target.” KeyBanc reiterates Nvidia as overweight Key said the stock remains a top idea at the firm. “We see NVDA as remaining uniquely positioned to benefit from AI/ML secular data center growth within the industry. With significant barriers to entry created by its CUDA software stack, we see limited competitive risks and expect NVDA to continue to dominate one of the fastest-growing workloads in cloud and enterprise.” KeyBanc upgrades CrowdStrike to overweight from sector weight KeyBanc said it sees “platform breadth” to compete against peers. “While Anthropic and OpenAI’s ambitions in cybersecurity present a credible risk, we believe CrowdStrike will retain a competitive advantage given its narrow focus on cybersecurity, runtime security position, platform breadth, strong GTM [go-to-market] execution and innovative culture.” Read more. Evercore ISI initiates Versigent as outperform Evercore said the automotive electrical design company is best positioned. ” Versigent (former APTV “EDS” division) was spun/separated from the parent (April 1st) while initial distribution has certainly been harsher than we had previewed….calling on all Value/Spin Investing 101 students for why these ‘forced distribution/selling’ opportunities perpetually reappear.” Goldman Sachs initiates Dynatrace as buy Goldman said in its initiation of Dynatrace that the observability and software company has plenty more room to run. “In our view, that combination of enterprise entrenchment, platform breadth, and a growing emphasis on AI-driven workflows gives Dynatrace a more durable strategic position than many narrower observability vendors.” Wolfe downgrades Exxon to peer perform from outperform Wolfe downgraded the stock after five years as a top idea. ” XOM’s share performance may have been fueled by external factors. But it has left the shares fairly valued beyond an oil price call, with one eye on exposure to the MidEast. After 5yrs as our top major idea, we see sector-leading FcF growth discounted. Lower to Peer Perform.” Truist initiates Duke Energy as buy Truist said in its initiation of Duke that it sees an “attractive” opportunity for the utility and energy company. “Blocking and tackling-type opportunity to bolster outlook confidence while advancing to 2028; see as an attractive risk-adjusted growth opportunity.” Bank of America reiterates Apple as buy The firm said the Apple CEO change is coming from a “position of strength.” “The timing of the leadership transition to us suggests that 1) near-term results are extremely resilient given that Apple will likely plan such changes from a position of strong business momentum and 2) a product-oriented leader with years of deep experience in Apple’s hardware design suggests we might be entering a new era of devices.” Wolfe upgrades Williams Companies to outperform from peer perform Wolfe said the company has a “large” upside case. “We upgrade WMB to OP. We see U.S. gas infra stocks trading at similar 2030 EV/ EBITDA multiples and are switching our preference to WMB where we see more near-term catalysts. The stock has the largest upside case amongst peers and the greatest appeal to generalist investors.” William Blair upgrades Robert Half and Kforce to outperform from market perform The firm said staffing demand is improving. “In conjunction with improving data points for U.S. professional staffing, we are upgrading shares of Robert Half and Kforce to Outperform ahead of earnings.” Morgan Stanley upgrades Arrowhead Pharmaceuticals to overweight from equal weight Morgan Stanley said in its upgrade of Arrowhead that it sees an attractive catalyst path for the biopharma company. “Upgrade to Overweight and raise price target to $100 as we expect momentum to continue supported by multiple catalysts.” Read more. DA Davidson initiates Reddit as buy DA said Reddit is firing on all cylinders. “We believe that Reddit r emains incredibly under-monetized relative to peers and has positioned itself as a human-first social platform that will continue to attract more users and advertisers as it scales.” Citi reiterates Disney as buy Citi lowered its price target on Disney to $135 per share from $140 ahead of earnings in early May. “With a new CEO, we expect investors to focus on four items: 1) 2Q26 segment EBIT– and guidance for 3Q26 – that will allow Disney to reiterate double-digital Adj EPS growth for FY26; 2) A review of Disney’s SVOD strategy to either expand margins or shift to greater content investment to grow share of viewing; 3) Domestic Experiences attendance.”
