Tuesday’s Biggest Analyst Calls: Nvidia, Tesla, Apple, Disney, Microsoft, Amd, Amazon, Adobe & More

Here are the notable recommendations from Wall Street on Tuesday:

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Wells Fargo reaffirms Microsoft as overweight

Wells Fargo increased its price target for Microsoft to $425 per share from $410, citing ongoing positive catalysts after Q1 results.

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Needham initiates Docebo as a buy

Needham recommends buying shares of the learning management software company, emphasizing its substantial total addressable market of $25 billion.

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Deutsche Bank upgrades Take-Two to buy from hold

Deutsche Bank upgraded Take-Two to a buy, citing improved long-term visibility and raised its 12-month price target to $175.

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UBS upgrades Agiliti to buy from hold

UBS upgraded Agiliti to buy, anticipating cost improvement, execution of a turnaround plan, and positive outcomes for a challenged customer base.

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Morgan Stanley downgrades Freyr Battery to equal weight from overweight

Morgan Stanley downgraded Freyr Battery, pointing out significant challenges and suggesting a discounted stock value until progress is demonstrated.

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Barclays upgrades Fortrea to overweight from equal weight

Barclays upgraded health contract research company Fortrea to overweight, foreseeing improved bookings and positive trends leading to EBITDA upside in '24.

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Barclays upgrades Mosaic and Nutrien to overweight from underweight

Barclays upgraded several potash and agriculture companies, including Mosaic and Nutrien, citing an attractive entry point after recent underperformance.

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JPMorgan downgrades BeautyHealth to underweight from neutral

JPMorgan downgraded BeautyHealth, highlighting numerous negative catalysts, including a significant revision to the financial outlook and the CEO's exit.

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Bernstein reaffirms Apple as market perform

Bernstein maintains its market perform rating on Apple, noting gross margin improvement and predicting overall margin improvement due to a shift to services.

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Redburn Atlantic Equities reaffirms Amazon as buy

Redburn sees substantial upside for Amazon, emphasizing the potential reacceleration of AWS, robust e-commerce performance, and improving free cash flow.

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Goldman Sachs reaffirms Nvidia as buy

Goldman Sachs expresses bullish sentiment ahead of Nvidia's earnings, anticipating strong results and constructive guidance.

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Baird upgrades Aspen Technology to outperform from neutral

Baird upgraded Aspen Technology, highlighting its "best-in-class" profitability and established position in selling optimization software for over 35 years.

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Bernstein upgrades Kraft Heinz to outperform from market perform

Bernstein upgraded Kraft Heinz, citing its inexpensive valuation, relative positioning in the market, and an improved business model.

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Roth MKM initiates Marvell as buy

Roth MKM initiates coverage on Marvell Technology with a buy rating, citing its well-positioned portfolio in the data infrastructure sector.

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Roth MKM initiates Advanced Micro Devices as buy

Roth MKM initiates coverage on Advanced Micro Devices with a buy rating, emphasizing its differentiated portfolio in high-performance computing.

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Morgan Stanley reaffirms Tesla as overweight

Morgan Stanley maintains its overweight rating on Tesla, stating that share price performance will likely be determined by capital efficiency.

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Evercore ISI adds Adobe to the core ideas list

Evercore ISI includes Adobe in its core ideas list, believing the stock is well-positioned heading into 2024.

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TD Cowen upgrades Surgery Partners to outperform from market perform

TD Cowen upgraded Surgery Partners based on valuation, deeming it a reasonably priced growth opportunity.

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Barclays reaffirms Disney as equal weight

Barclays reiterates an equal weight rating on Disney, expressing difficulty in finding upside potential for the shares.