Tuesday's Biggest Analyst Calls: NVIDIA, Apple, Roblox, Netflix, Amazon, Tesla, McDonald's, Affirm and More

Tuesday’s Top Wall Street Calls

‍

Loop Initiates BrightView as Buy

Loop has initiated coverage on BrightView, a commercial landscaping company, with a Buy rating and a price target (PT) of $18. The firm is optimistic about the company's potential for long-term margin expansion and its unique approach to returning to profitable growth.

‍

Evercore ISI Reiterates Apple as Outperform

Evercore ISI remains bullish on Apple ahead of its earnings report later this week. The firm believes Apple is well-positioned to exceed expectations for the June quarter and potentially guide higher for the September quarter.

‍

Citi Reiterates Nvidia as Outperform

Citi maintains its buy rating on Nvidia after attending a conference featuring CEO Jensen Huang. The firm is particularly optimistic about Nvidia’s Blackwell chip and believes its rollout is on track.

‍

Bank of America Upgrades Affirm to Buy from Neutral

Bank of America has upgraded Affirm, a fintech company, to a Buy rating from Neutral. The firm anticipates that the company's shares could rally ahead of its earnings report in late August, viewing the recent underperformance as an opportunity.

‍

KBW Upgrades Aon to Outperform from Underperform

Following a strong second-quarter earnings report, KBW has upgraded Aon, a risk management and consulting company, from Underperform to Outperform. The firm has also raised its 12-month price target to $380 from $313.

‍

Barclays Upgrades ASML to Overweight from Equal Weight

Barclays has upgraded ASML to Overweight from Equal Weight, suggesting investors should buy the dip. The firm is optimistic about ASML's opportunities in 2026, despite a cautious outlook for 2025.

‍

UBS Reiterates Amazon as Buy

UBS remains bullish on Amazon ahead of its earnings report on Thursday. The firm has increased its price target for Amazon to $224 from $217.

‍

Oppenheimer Reiterates Netflix as Outperform

Oppenheimer advises buying the dip in Netflix shares following a 10% pullback since early July. The firm believes Netflix has the best long-term visibility in its coverage and deserves a premium valuation.

‍

Wells Fargo Upgrades Sprouts to Equal Weight from Underweight

Wells Fargo has upgraded Sprouts Farmers Market to Equal Weight from Underweight following impressive second-quarter results. The firm acknowledges the stock is not cheap and sees challenges ahead but believes the company has reignited its growth story.

‍

Bank of America Reiterates Roblox as Buy

Bank of America stands by its Buy rating for Roblox ahead of its earnings report on August 1. The firm expects the second-quarter results to be contentious as investors look for evidence that the first-quarter miss was a temporary issue.

‍

JPMorgan Downgrades Frontier to Underweight from Neutral

JPMorgan has downgraded Frontier Airlines to Underweight from Neutral, citing numerous negative catalysts. The firm is particularly concerned about Frontier’s reliance on sale-leasebacks, which significantly contribute to its profits.

‍

JPMorgan Downgrades Novavax to Underweight from Neutral

JPMorgan has downgraded Novavax, a biotech company, to Underweight from Neutral. The firm believes the stock is overvalued and lacks a foreseeably value-accretive proprietary pipeline.

‍

RBC Reiterates Tesla as Outperform

RBC continues to rate Tesla as Outperform, suggesting that 2025 consensus estimates might not fully account for incremental gross profits despite forecasting increased volumes.

‍

Deutsche Bank Reiterates McDonald’s as Buy

Deutsche Bank maintains its Buy rating on McDonald’s following earnings. The firm believes McDonald’s is well-positioned to thrive in a value-focused market despite some skepticism about pricing and competitive pressures.

‍

Bank of America Upgrades LPL Financial to Buy from Neutral

Bank of America has upgraded LPL Financial to Buy from Neutral. The firm sees an attractive valuation after a significant decline and now has greater clarity on cash sweep risks.

‍

Bank of America Reinstates Whirlpool as Underperform

Bank of America reinstates its Underperform rating on Whirlpool, citing several negative catalysts ahead. The firm expects 2024 earnings to fall below consensus and company guidance.

‍

Baird Upgrades Varonis to Outperform from Neutral

Baird has upgraded Varonis, an automated data security company, to Outperform from Neutral. The firm is optimistic about the company's growth potential as data security becomes a top priority with the adoption of GenAI.

‍

Edward Jones Downgrades Abbott Laboratories to Hold from Buy

Edward Jones has downgraded Abbott Laboratories to Hold from Buy due to higher-than-expected litigation risks.

‍

Bank of America Reiterates Goldman Sachs as Buy

Bank of America continues to recommend Goldman Sachs as a Buy, citing cyclical and secular tailwinds. The firm believes the stock offers among the best risk/reward profiles in its coverage.

‍

Morgan Stanley Reiterates Big Banks as Overweight

Morgan Stanley reaffirms its Overweight ratings on several big banks, including Bank of America, Citi, Goldman Sachs, JPMorgan, and Wells Fargo. The firm highlights the continued rebound in capital markets, with trading and investment banking revenues beating consensus across most of its coverage.

‍