Tuesday's Biggest Analyst Calls: Nvidia, Tesla, Carvana, Walmart, Crowdstrike, Costco, Microsoft & More

Here are Tuesday’s biggest calls on Wall Street:

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Morgan Stanley Upgrades Carvana to Overweight
Morgan Stanley advises investors to take advantage of the recent decline in Carvana’s stock, suggesting it presents a compelling buying opportunity.

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“A significant pullback in the stock price provides a rare chance for investors to gain exposure to a leading name in auto retail and fleet fulfillment.”

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Bank of America Upgrades Cloudflare to Buy
Bank of America has raised its rating on Cloudflare, citing strengthening fundamentals within the company.

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“Cloudflare’s approach to AI sets it apart, and we strongly believe it will emerge as a dominant player in AI-as-a-Service (AIaaS), which we anticipate will be the preferred AI consumption model for enterprises.”

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JPMorgan Upgrades Miniso to Overweight
JPMorgan believes the Chinese retailer is well-positioned for growth, particularly in international markets.

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“We are upgrading Miniso based on expectations of a rebound in China’s same-store sales growth, as well as its strong expansion efforts overseas.”

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Morgan Stanley Reaffirms Nvidia as Overweight
Morgan Stanley remains bullish on Nvidia, pointing to the strength of its H20 AI chip and its role in China’s AI infrastructure investments.

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“Nvidia’s H20 chip is expected to perform well again in the April quarter, with company statements indicating that China could account for approximately 10% of the firm’s data center business during this period.”

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Deutsche Bank Initiates Coverage on Clearway Energy with a Buy Rating
Deutsche Bank believes Clearway Energy is well-positioned for growth within the clean energy sector.

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“We are initiating coverage on Clearway Energy (CWEN) with a Buy rating and a 12-month price target of $38 per share, representing an implied upside of 26%.”

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Baird Upgrades Pentair to Outperform
Baird has upgraded the water treatment company, highlighting its operational excellence.

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“We are upgrading Pentair to Outperform, as we see a significant opportunity for margin expansion to levels comparable to industry leaders. Our confidence is based on improved execution, internal initiatives, and favorable market conditions.”

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Berenberg Initiates Coty with a Buy Rating
Berenberg sees multiple positive developments ahead for Coty, a leading beauty company.

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“As the stock approaches its lowest relative valuation multiples, we believe Coty’s growth story is set to become increasingly compelling.”

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BTIG Upgrades CrowdStrike to Buy
BTIG believes market expectations for CrowdStrike are too conservative.

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“We are upgrading CrowdStrike from Neutral to Buy for two key reasons. First, with the impact of the July 2024 IT outage now well behind it, the company has greater visibility into its forecasts.”

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Redburn Atlantic Initiates Marsh & McLennan with a Buy Rating
Redburn Atlantic considers Marsh & McLennan to be one of the strongest players in the insurance sector.

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“Marsh & McLennan leads the industry with over $24 billion in annual revenue, leveraging its global presence, broad service offerings, and deep client relationships.”

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Bank of America Upgrades Alcon to Buy
The firm sees the eyecare technology company entering a phase of accelerated earnings growth.

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“We believe Alcon is entering an earnings upgrade cycle, fueled by new product launches. Investors had initially expected results too quickly, but management’s recent guidance has helped reset those expectations.”

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Piper Sandler Reiterates Microsoft as Overweight
Piper Sandler maintains its bullish stance on Microsoft, emphasizing its resilience in uncertain economic conditions.

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“We recommend buying the dip.”

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Piper Sandler Reiterates Tesla as Overweight
The firm believes concerns about Tesla’s brand have been exaggerated.

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“We think the claim that political factors are the primary reason for Tesla’s year-over-year delivery declines in Q1 is misleading.”

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Bernstein Reiterates Amazon, Walmart, and Costco as Outperform
Bernstein continues to view these major retailers as well-positioned in the current economic environment.

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“Amazon, Walmart, and Costco stand out as the best-positioned players to navigate economic uncertainty, thanks to their defensive product mix, strong value propositions, and membership-based customer retention strategies. This aligns with trends we’ve observed in recent years.”

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BTIG Upgrades Capital One to Buy
BTIG sees Capital One’s stock as undervalued, particularly as investors await developments on its merger with Discover.

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“Our positive outlook on Capital One remains intact, regardless of the merger’s outcome. The company has accumulated a significant capital surplus since the deal was announced.”

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Goldman Sachs Reaffirms AT&T as a Buy
Goldman Sachs has increased its conviction in AT&T’s upside potential.

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“We have strengthened our bullish stance on AT&T and see continued upside in both analyst estimates and the stock’s valuation multiple, which supports our expectations for strong double-digit annualized returns.”

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