Tuesday’s Biggest Analyst Calls: NVIDIA, Broadcom, Tesla, Reddit, Oracle, Spotify, Disney, Capital One and More

Here are the most notable Wall Street calls from Tuesday:

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Morgan Stanley Reiterates Tesla as Overweight
Morgan Stanley maintained its overweight rating on Tesla, encouraging investors to take advantage of the recent price drop. The firm views the dip as a buying opportunity, emphasizing Tesla’s potential as a leader in embodied artificial intelligence.

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Barclays Reiterates Nike as Equal Weight
Barclays remains cautious on Nike ahead of its upcoming earnings report but believes the company is nearing a fundamental low. The firm would adopt a more bullish stance if there is a positive shift in the sales-to-inventory ratio and a reset of fiscal year 2026 sales and margins.

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Goldman Sachs Upgrades GE HealthCare to Buy from Neutral
Goldman Sachs upgraded GE HealthCare, citing improving conditions in China. The firm raised its 12-month price target from $85 to $100, reflecting its confidence in the company’s stabilizing outlook.

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Wells Fargo Upgrades Houlihan Lokey to Overweight from Underweight
Wells Fargo issued a double upgrade for Houlihan Lokey, raising its rating to overweight. The firm believes the investment bank’s defensive nature and potential to benefit from a recovery in mergers and acquisitions make it appealing during uncertain times.

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Loop Reiterates Reddit as Buy
Loop reiterated its buy rating on Reddit, calling the stock "extremely attractive." The firm highlighted that Reddit offers the greatest upside potential compared to other companies it covers.

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KBW Downgrades Lennar to Market Perform from Outperform
KBW downgraded homebuilder Lennar due to valuation concerns. With the stock now trading near the level of other large-cap peers, the firm sees potential downside risks to future earnings estimates.

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Oppenheimer Downgrades Freshpet to Perform from Outperform
Oppenheimer lowered its rating on Freshpet, citing the need for more consistent revenue growth. The firm is adopting a neutral stance while waiting for further evidence of top-line stabilization and removed its prior $140 price target.

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Citizens Upgrades Unity to Market Outperform from Market Perform
Citizens upgraded Unity, noting the company is at an "inflection point." The firm sees significant long-term growth potential from the expansion of e-commerce within the mobile game advertising sector.

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Baird Upgrades Capital One to Outperform from Neutral
Baird upgraded Capital One, recommending investors buy the recent dip. The firm views the current weakness as an opportunity to invest in a business poised to deliver strong, risk-adjusted returns over the coming years.

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‍Redburn Atlantic Equities Upgrades Spotify to Neutral from Sell
After a change in analyst coverage, Redburn Atlantic Equities upgraded Spotify to neutral. The firm acknowledged the company’s pricing power and sees potential from initiatives like audiobooks and premium service tiers but believes the current share price already reflects an optimistic near-term outlook.

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Piper Sandler Upgrades First Citizens to Overweight from Neutral
Piper Sandler upgraded First Citizens, highlighting the bank’s attractive valuation. The firm pointed to the potential impact of a significant share repurchase program, which it believes will drive shareholder value at current price levels.

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Melius Initiates Murphy USA as Buy
Melius began coverage on Murphy USA with a buy rating, describing the gas station operator as a "long-term compounder." The firm set a price target of $600, reflecting its confidence in the company’s growth trajectory.

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Barclays Reiterates Oracle as Overweight
Barclays maintained its overweight rating on Oracle despite a mixed earnings report. The firm remains optimistic about the company’s ability to achieve double-digit revenue growth in the second half of fiscal year 2025, though it acknowledged that recent capacity increases came late in the most recent quarter.

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Bernstein Reiterates Broadcom and Nvidia as Outperform
Bernstein reaffirmed its outperform ratings on Broadcom and Nvidia, advising investors to capitalize on any further price dips. The firm acknowledged recent volatility but sees both stocks as attractive long-term investments for patient investors.

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Wolfe Upgrades Madison Square Garden Entertainment to Outperform from Peer Perform
Wolfe upgraded Madison Square Garden Entertainment, citing its strong position in the U.S. live entertainment market. The firm believes the company’s pricing power and stability are bolstered by the influence of social media, streaming, and favorable artist economics.

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Barclays Reiterates Disney as Overweight
Barclays reiterated its overweight rating on Disney, acknowledging macroeconomic challenges, particularly in the company’s theme park business. While the firm recognizes competition from Comcast’s new Florida theme park, it remains confident in Disney’s long-term prospects.

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