Tuesday's Biggest Analyst Calls: Nvidia, Tesla, Roku, Marvell, Sunrun, Okta, Planet Fitness, Disney & More

Here are Tuesday’s biggest calls on Wall Street:
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D.A. Davidson Upgrades Okta to Buy
D.A. Davidson raised its rating on Okta from neutral to buy, citing optimism about the company's growth potential. The firm believes Okta's double-digit growth rate is sustainable and increased its price target from $90 to $125.

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KeyBanc Upgrades Nordson to Overweight
KeyBanc upgraded Nordson from sector weight to overweight, highlighting a "rare entry point" for investors. The firm set a $260 price target, suggesting significant upside for the adhesives and industrial solutions company.

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Baird Issues Bullish Call on Planet Fitness
Baird added Planet Fitness to its list of bullish fresh picks, describing the stock as an attractive option in uncertain market conditions. The firm sees the recent earnings report and stock sell-off as a compelling entry opportunity.

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Bernstein Reiterates Nvidia as Outperform
Bernstein maintained its outperform rating on Nvidia, arguing that concerns about the end of the AI trade are premature. The firm believes the recent sell-off is excessive and views the current valuation as increasingly attractive.

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Compass Point Upgrades Acushnet to Buy
Compass Point raised its rating on Acushnet, the parent company of Titleist, from hold to buy. The firm highlighted robust demand for golf equipment, including clubs, balls, and other gear, as a key driver for future growth.

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Evercore ISI Reiterates Marvell as Outperform
Evercore ISI continues to rate Marvell Technology as outperform, expressing confidence ahead of the company’s earnings report. The firm anticipates a positive earnings-per-share (EPS) outcome for the upcoming quarter.

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Deutsche Bank Downgrades JetBlue to Hold
Deutsche Bank downgraded JetBlue from buy to hold, raising concerns about declining domestic revenue. The firm also lowered its rating on Frontier Airlines, citing worries about underperforming domestic unit revenue in 2025.

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Citi Upgrades Medtronic to Buy
Citi upgraded Medtronic from neutral to buy, emphasizing the medical technology company’s growth prospects. The firm believes Medtronic’s growth drivers are becoming clearer and expects upside potential from current levels.

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Stifel Upgrades Scotts Miracle-Gro to Buy
Stifel upgraded Scotts Miracle-Gro from neutral to buy, arguing that the company’s recent stock underperformance is unwarranted. The firm pointed out that macroeconomic concerns are overshadowing the company’s unique strengths.

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Citi Upgrades LabCorp to Buy
Citi raised LabCorp from neutral to buy, citing strong demand in the diagnostics sector. The firm noted that post-pandemic utilization rates remain high, positioning the company to benefit from continued industry growth.

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Bank of America Reiterates Tesla as Neutral
Bank of America maintained a neutral rating on Tesla while lowering its price target from $490 to $380. The firm cited slower growth and rising risks, leading it to increase the cost of equity for Tesla’s business segments.

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UBS Reiterates Sunrun as Buy
UBS reaffirmed its buy rating on Sunrun, emphasizing the company’s leading market share in residential solar. The firm expects continued growth, driven by rising battery adoption and increasing energy demand.

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Bank of America Upgrades Vistra Energy to Buy
Bank of America upgraded Vistra Energy from neutral to buy, recommending investors take advantage of the recent stock weakness. The firm believes the sell-off, due to a lack of data center-related announcements, is overdone.

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MoffettNathanson Upgrades Roku to Neutral
MoffettNathanson upgraded Roku from sell to neutral, anticipating stronger-than-expected near-term results. While maintaining a cautious long-term view, the firm acknowledged that positive momentum is difficult to resist in the short run.

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Bank of America Upgrades Sabre to Buy
Bank of America raised its rating on Sabre from neutral to buy, citing a more promising outlook for the travel technology company. The firm believes concerns about disintermediation and market share losses have eased significantly.

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Loop Capital Reiterates Disney as Buy
Loop Capital reiterated its buy rating on Disney and increased its price target from $125 to $130. The firm argued that Disney’s fiscal 2025 guidance appears too conservative and expects estimates to rise if upcoming releases perform well.

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