Tuesday's Biggest Analyst Calls: NVIDIA, Meta, Microsoft, Target, Ferrari, Nike, Alphabet, Amazon & More

Here are Tuesday’s biggest calls on Wall Street:

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Goldman Sachs Reaffirms Microsoft as a Buy
Goldman Sachs continues to back Microsoft, citing the company's careful investments in AI capacity with a focus on long-term returns. The firm maintains its "Buy" rating and a $500 price target, keeping its capital expenditure estimates of $88 billion for fiscal year 2025 and $91 billion for fiscal year 2026 unchanged. This stance follows reports suggesting Microsoft may have delayed or canceled certain AI data center leases.

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Truist Reiterates Nvidia as a Buy
Truist remains optimistic about Nvidia ahead of the company's upcoming earnings report, describing it as "still the AI leader and the one to own." Despite market noise, the firm finds the underlying data encouraging and reaffirms its "Buy" rating.

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BMO Upgrades Quanta Services to Outperform
BMO Capital Markets upgraded Quanta Services from "Market Perform" to "Outperform," recommending investors take advantage of the stock's recent pullback. The firm views the decline in shares related to power and infrastructure as a compelling opportunity to invest in the company.

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Bank of America Initiates Metsera as a Buy
Bank of America initiated coverage of Metsera, a biotechnology company focused on the obesity market, with a "Buy" rating and a price objective of $38. This target suggests a potential upside of over 20%, highlighting Metsera’s differentiated offerings in the competitive obesity treatment sector.

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Bernstein Reaffirms Ferrari as Outperform
Bernstein continues to rate Ferrari as "Outperform," emphasizing the luxury automaker’s unique ability to maintain strong growth. The firm highlights Ferrari’s exclusive product line tailored to a select group of VIP and loyal customers as a key driver of sustained demand.

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Morgan Stanley Upgrades Block to Equal Weight
Morgan Stanley raised its rating on Block (formerly Square) from "Underweight" to "Equal Weight," primarily due to valuation. The firm upgraded the stock as it now trades near their price target of $65, presenting a more balanced risk-reward profile.

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Bernstein Reiterates Nike as Outperform
Bernstein maintains an "Outperform" rating on Nike, expressing confidence in the brand ahead of its late-March earnings report. The firm believes current market estimates are too pessimistic and anticipates improving sentiment as more positive data emerges. Bernstein argues that Nike can still deliver long-term earnings growth through fiscal year 2026 and beyond.

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Morgan Stanley Reaffirms Tesla as Overweight
Morgan Stanley continues to rate Tesla as "Overweight," citing the company’s promising position in humanoid robotics and advanced technologies. The firm identifies three major catalysts for a potential stock price increase: strong government support, significant updates to corporate and humanoid models, and technological advancements.

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Morgan Stanley Reiterates Target as Overweight
Morgan Stanley also stands by its "Overweight" rating on Target, pointing to an attractive risk-reward balance ahead of the company’s early-March earnings release. The firm believes Target’s discount relative to other broadline retailers offers a compelling entry point for value investors, particularly as the company works toward a 6% operating margin.

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Jefferies Initiates Wave Life Sciences as a Buy
Jefferies began coverage on Wave Life Sciences with a "Buy" rating, citing the company’s innovative approach to RNA-based medicines. The firm believes Wave’s advanced technology and novel chemistry could revolutionize treatments for various diseases.

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Bank of America Initiates BGC Group as a Buy
Bank of America initiated coverage of BGC Group with a "Buy" rating, suggesting the company is well-positioned to benefit from market volatility linked to political developments. Among market structure stocks, the firm views BGC as having the most favorable cyclical outlook, particularly due to its exposure to foreign exchange and commodity revenues.

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Bank of America Initiates Infinity Natural Resources as a Buy
Bank of America also initiated coverage on Infinity Natural Resources, rating the oil and energy company a "Buy" with a $30 price objective. This target suggests a 50% upside potential, with the firm describing the company as a "standout" in the energy sector.

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Morgan Stanley Reaffirms Amazon, Microsoft, Alphabet, and Meta as Overweight
Morgan Stanley remains bullish on major tech companies, reiterating "Overweight" ratings for Amazon, Microsoft, Alphabet (Google), and Meta. The firm expects these companies to benefit significantly from the growing generative AI market, forecasting $153 billion in GenAI revenue by 2025.

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D.A. Davidson Initiates Nebius Group as a Buy
D.A. Davidson began coverage of Nebius Group with a "Buy" rating, describing the AI data center company as undervalued. The firm sees Nebius as one of the first true alternatives to the dominant hyperscalers in AI computing.

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Deutsche Bank Upgrades Constellium to Buy
Deutsche Bank upgraded Constellium from "Hold" to "Buy," citing the aluminum products company’s attractive valuation. With the stock down 44% over the past year, the firm sees the current price as an ideal entry point for investors looking to gain exposure to the aluminum sector.

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