Tuesday’s Biggest Analyst Calls: Nvidia, Ferrari, Broadcom, Netflix, Amd, Microsoft, Meta & More

Here Tuesday’s the biggest calls on Wall Street:

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Loop Initiates Advanced Micro Devices (AMD) as a Buy
Loop Capital initiated coverage on AMD, emphasizing its strong presence in mature markets. The firm set a target price of $175 for the stock, reflecting confidence in its market leadership.

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Mizuho Initiates Maplebear (Instacart) as a Buy
Mizuho highlighted Instacart’s leading position in the grocery delivery sector. According to the firm, Instacart's advanced technology integration with grocers, extensive transaction data, and specialized delivery workforce provide an unmatched user experience.

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Wells Fargo Upgrades Air Products (APD) to Overweight
Wells Fargo upgraded Air Products from Equal Weight to Overweight, citing a promising turnaround and addressing shareholder concerns. The firm set a 12-month price target of $350, based on fiscal year 2025 estimates.

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Wells Fargo Reiterates Netflix as Overweight
Ahead of Netflix’s earnings release, Wells Fargo maintained its Overweight rating on the stock. While expecting a potential beat on Q4 subscriber growth, the firm noted challenges from currency fluctuations and investments in the advertising strategy.

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Goldman Sachs Upgrades Hesai to Buy
Goldman Sachs expressed optimism about Hesai, a player in the self-driving technology sector. The firm upgraded the stock to Buy with a 12-month price target of $18.40, indicating a 35% upside.

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Wells Fargo Reiterates Microsoft as Overweight
Wells Fargo maintained its bullish stance on Microsoft, projecting a balanced fiscal second quarter with potential clarity on AI capacity and Azure growth. The firm reiterated its $515 price target for the tech giant.

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Morgan Stanley Upgrades Acuity Brands to Overweight
Morgan Stanley upgraded Acuity Brands, citing underestimated growth potential and gross margin improvements. The firm believes these factors are not fully reflected in the company’s current valuation.

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Goldman Sachs Reiterates Meta as Buy
Goldman Sachs remained positive on Meta, emphasizing its focus on artificial intelligence and Reality Labs. The firm noted Meta’s investments in compute infrastructure and open-source software initiatives as pivotal for long-term growth.

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JPMorgan Reiterates Nvidia as Overweight
Following discussions with Nvidia management, JPMorgan reaffirmed its Overweight rating. The firm highlighted Nvidia’s healthcare vertical, which is projected to generate over $1 billion in annual recurring revenue by fiscal year 2026.

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Deutsche Bank Initiates Pony.ai as Buy
Deutsche Bank initiated coverage on Pony.ai, recognizing its leadership in autonomous mobility. The firm noted Pony.ai’s regulatory achievements in tier-one Chinese cities, enabling fare-charging robotaxi services.

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BTIG Upgrades Instacart to Buy
BTIG upgraded Instacart to Buy, setting a 12-month price target of $58. The firm pointed to strong order growth as a key catalyst and described Instacart as a leader in a secular growth category.

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Bernstein Reiterates Robinhood as Outperform
Bernstein identified Robinhood as a top pick for 2025, citing its potential in the evolving crypto space. The firm expects regulatory improvements to benefit the company’s crypto operations.

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Barclays Reiterates Netflix as Underweight
Barclays maintained its Underweight rating on Netflix but raised its price target to $715 from $550, citing expectations for double-digit revenue growth to justify its premium valuation.

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Jefferies Names Broadcom as a Top Pick
Jefferies highlighted Broadcom as a top idea for 2025, emphasizing its growth prospects in the semiconductor industry.

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Bank of America Names Ferrari as a Top Pick
Bank of America identified Ferrari as a standout in the luxury auto sector, praising its strong product lineup, pricing power, and technological advancements. The firm maintained its Buy rating on the stock.

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Truist Initiates Lockheed Martin as Buy
Truist initiated coverage on Lockheed Martin with a Buy rating and a $579 price target. The firm views the recent pullback in the stock as a compelling entry point for investors.

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Seaport Makes Adjustments to Visa and Mastercard Ratings
Seaport upgraded Visa to Buy, citing its stronger U.S. exposure as a key advantage over Mastercard, which the firm downgraded to Neutral. Visa’s revenue and earnings are expected to outperform consensus estimates this year.

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Morgan Stanley Downgrades Las Vegas Sands to Equal Weight
Morgan Stanley downgraded Las Vegas Sands, noting that the stock’s strong growth in Macau is already priced in, leading to a more balanced risk-reward outlook.

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Bank of America Reiterates Alphabet as Buy
Bank of America raised its price target on Alphabet to $225, emphasizing the importance of 2025 as a pivotal year for the company. The firm highlighted Alphabet’s potential in AI while cautioning about potential risks in search disruption.

These updates reflect analysts’ varied perspectives on key stocks, offering insights into potential opportunities and risks across multiple industries.

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