Tuesday's Biggest Analyst Calls: Nvidia, Tesla, Apple, Coinbase, Nike, Amazon & More

Here are Tuesday’s biggest calls on Wall Street:

TD Cowen Maintains Hold Rating on Berkshire Hathaway

TD Cowen reaffirmed its "hold" stance on Berkshire Hathaway while lowering its price target from $741,000 to $723,000 per share. The firm noted that despite the company’s strong insurance division, its traditional conglomerate model has been facing difficulties in several key areas.

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Bernstein Starts Coverage on Coinbase With an Outperform Rating

Bernstein initiated coverage on Coinbase, giving it an "outperform" rating. The firm believes the cryptocurrency exchange is well-positioned to benefit from regulatory shifts that could bring digital assets further into mainstream U.S. finance.

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"Coinbase maintains a dominant 66% market share in the U.S., making it the leading platform to capitalize on these regulatory tailwinds. While some bears highlight rising competition and potential fee compression, they underestimate the significant market expansion expected as crypto trading increasingly returns to the U.S."

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Citizens Upgrades Duolingo to Market Outperform

Citizens upgraded language-learning app Duolingo from "market perform" to "market outperform," citing an improved valuation. The firm also set a price target of $400 per share.

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Goldman Sachs Upgrades Ralph Lauren to Buy

Goldman Sachs upgraded Ralph Lauren from "neutral" to "buy," highlighting the brand’s limited exposure to tariffs.

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"We see stronger execution and brand momentum driving further market share gains and margin expansion. Broad geographic growth, along with specific margin-improving factors, enhances earnings visibility in the near future."

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Morgan Stanley Raises Lucid to Equal Weight

Morgan Stanley upgraded Lucid from "underweight" to "equal weight," suggesting a more balanced risk/reward profile for the EV maker.

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"We see potential for Lucid to play a role in AI-integrated vehicles as a reshored/'friend-shored' manufacturer. With access to capital and strategic partnerships, Lucid could navigate geopolitical challenges and collaborate with both China and Western markets."

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KBW Upgrades Block to Outperform

KBW upgraded Block from "market perform" to "outperform," advising investors to capitalize on the stock’s recent dip.

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"We believe the recent sell-off has created an attractive risk/reward opportunity, making now a favorable time to buy."

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UBS Upgrades Willis Towers Watson to Buy

UBS upgraded insurance broker Willis Towers Watson from "neutral" to "buy," citing valuation improvements.

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"We expect the company to see continued multiple expansion relative to its industry peers, driven by improving free cash flow and operating margins."

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UBS Reiterates Buy Rating on Nvidia

UBS remains highly optimistic about Nvidia following its Global AI Conference.

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"Nvidia’s AI capabilities extend across various sectors, including enterprise, industrial, and embedded AI. While much of the focus is on data centers, the company’s opportunities go well beyond that."

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RBC Reiterates Tesla as Outperform

RBC reiterated its "outperform" rating on Tesla, arguing that concerns over demand may be exaggerated.

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"Recent focus has been on Tesla’s January and February delivery figures in Europe and China, leading to fears about demand. However, we believe these worries might be overstated. That said, we have adjusted our assumptions for Full Self-Driving pricing and robotaxi adoption, lowering our price target from $440 to $320."

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Jefferies Maintains Underperform Rating on Palantir

Jefferies stuck with its "underperform" rating on Palantir, citing high valuation concerns.

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"Palantir trades at 45 times its estimated 2026 earnings, making it the most expensive stock in our coverage. While fundamentals remain solid, valuation remains a key issue. Additionally, insiders continue to sell, with co-founder Stephen Cohen recently offloading $310 million in shares."

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Citi Reiterates FedEx as Buy

Citi kept its "buy" rating on FedEx but reduced its price target from $347 to $317 ahead of the company’s earnings report.

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"Investor conversations suggest debate over whether FedEx will further cut its fiscal 2025 earnings guidance. Concerns persist regarding tariffs and potential downside risks to consumer and industrial demand."

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KeyBanc Names Spotify, Netflix, DoorDash, and Uber as Category Leaders

KeyBanc reiterated its "overweight" ratings on Spotify, Netflix, DoorDash, and Uber, calling them industry frontrunners.

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"Our March Madness picks—Spotify, Netflix, DoorDash, and Uber—stand out as category leaders with strong user loyalty, margin expansion potential, and resilience in market cycles."

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Evercore ISI Raises Apple Price Target

Evercore ISI maintained its "outperform" rating on Apple while raising the price target from $260 to $275.

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"Apple remains well-positioned for stable mid-single-digit revenue growth and low-to-mid-teens free cash flow and earnings per share growth over the coming years, with lower volatility and high consistency."

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Deutsche Bank Reiterates Buy Rating on Nike

Deutsche Bank reaffirmed its "buy" rating on Nike and increased its price target from $77 to $80 ahead of the company’s earnings report.

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"Despite concerns, we enter the third quarter cautiously optimistic that the stock has bottomed. Our market checks suggest growing consumer interest in Nike’s new running shoe releases, indicating the potential for a rebound in market share."

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Barclays Downgrades PepsiCo to Equal Weight

Barclays lowered PepsiCo from "overweight" to "equal weight," expressing concerns about its snack business.

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"The company’s stock performance is closely tied to the success of its U.S. snack division. We believe it will be a significant challenge to strengthen Frito-Lay North America."

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JPMorgan Reiterates Overweight Rating on Amazon

JPMorgan reaffirmed Amazon as a "top idea" with an "overweight" rating.

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"In a recessionary environment, Amazon is poised to gain retail market share due to its competitive pricing, broad product selection, fast delivery, and strong growth in non-discretionary items."

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Argus Upgrades Starbucks to Buy

Argus upgraded Starbucks from "hold" to "buy," setting a price target of $115.

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"We see numerous positive catalysts for Starbucks, including its focus on digital innovation, brand marketing, and reduced reliance on sales promotions. Looking ahead, menu simplification and store renovations are expected to drive higher customer traffic and same-store sales growth."

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