Tuesday's Biggest Analyst Calls of the Day: Apple, Netflix, Tesla, Meta, Uber, Amazon, Walmart, First Solar & More

Here are the biggest calls on Wall Street on Tuesday:

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Evercore ISI on Amazon: Reiterates "Overweight"
Evercore ISI maintained its "Overweight" rating on Amazon ahead of its earnings report expected later this week. The firm suggested that Amazon is likely to report third-quarter earnings in line with expectations, but a lower performance is also possible. Their cautious stance stems from expected results, with no major surprises anticipated.

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Evercore ISI on Uber: Reiterates "Overweight"
Similarly, Evercore ISI expressed confidence in Uber as the ride-hailing company heads toward its earnings release on Thursday. Based on mid-quarter data and model analysis, Evercore predicts a slight beat in Uber's Q3 performance, showing cautious optimism about the company's results.

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Janney on First Solar: Upgrades to "Buy"
Janney upgraded First Solar from "Neutral" to "Buy," citing an improved risk-reward scenario. The firm believes First Solar is an attractive investment ahead of its earnings announcement later on Tuesday. Janney sees potential opportunities from this quarter’s results and expects favorable conditions moving forward.

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Evercore ISI on Meta: Reiterates "Overweight"
Evercore ISI also stood by its positive rating on Meta ahead of its earnings on Wednesday. Using mid-quarter data and sensitivity analysis, the firm expects Meta to modestly exceed expectations in its Q3 report, maintaining its bullish outlook on the tech giant.

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Goldman Sachs on Ford: Reiterates "Buy"
Following Ford’s earnings release on Monday, Goldman Sachs reaffirmed its "Buy" rating on the automaker. The firm highlighted potential benefits from U.S. economic growth in areas like housing starts and lower interest rates in 2025. These factors could create stable business conditions for Ford if original equipment manufacturers (OEMs) manage inventory levels effectively over the coming months.

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Wells Fargo on The Trade Desk: Initiates "Overweight"
Wells Fargo initiated coverage of The Trade Desk with an "Overweight" rating, noting that the advertising technology company is well-positioned for growth. Key drivers include Amazon's accelerating shift of ad spend to connected TV, new partnerships, and the regulatory challenges facing competitors like Google.

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Wells Fargo on AppLovin: Initiates "Overweight"
Wells Fargo also initiated coverage of AppLovin, a mobile gaming software company, with an "Overweight" rating. The firm believes that the user acquisition market for mobile games is large enough for AppLovin to achieve a 20-30% growth in software revenue through 2027.

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Citi on Apple: Reiterates "Buy"
Citi maintained its "Buy" rating on Apple ahead of its earnings report, noting that the delayed release of Apple’s intelligence software may affect the typical seasonality of iPhone sales. Despite this, Citi remains confident in a strong upgrade cycle for the iPhone 17 next year, driven by the eventual release of the software.

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Barclays on Tesla: Reiterates "Equal Weight"
Barclays raised its price target on Tesla from $220 to $235 per share but kept an "Equal Weight" rating. The firm acknowledged that Tesla continues to be a polarizing stock. While uncertainties remain about Tesla’s future strategy and fundamentals, the firm believes that Tesla has struck a balance between steady performance and narrative control.

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Barclays on Summit Materials: Upgrades to "Overweight"
Barclays upgraded Summit Materials to "Overweight" from "Equal Weight," indicating a positive outlook on the construction materials company’s future performance.

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Morgan Stanley on Planet Fitness: Reiterates "Overweight"
Morgan Stanley raised its price target on Planet Fitness from $84 to $89 per share, recommending investors buy the dip. Although the company expects fewer unit openings for the full year, the firm anticipates better same-store sales, which offsets this concern.

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Bernstein on Walmart: Reiterates "Top Pick"
Bernstein reiterated its view of Walmart as a "Top Pick," expecting the retailer to continue leveraging its scale to offer value to consumers. The firm also believes Walmart is well-positioned to grow its e-commerce business profitably.

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Citi on Coca-Cola Femsa: Upgrades to "Buy"
Citi upgraded Coca-Cola Femsa, the Mexican Coca-Cola bottling company, to "Buy." The firm noted that Coca-Cola Femsa has sustained strong operational performance throughout 2024, driven by its operations in Brazil and Mexico.

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TD Cowen on Tapestry: Downgrades to "Hold"
TD Cowen downgraded Tapestry, the parent company of Coach, from "Buy" to "Hold" due to concerns about muted consumer trends in China and the U.S. The firm is also cautious about risks from Tapestry’s pending merger with Capri Holdings.

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Mizuho on Evergy: Initiates "Outperform"
Mizuho initiated coverage of Evergy, an electric utility company, with an "Outperform" rating, citing the company’s strong positioning for growth in the energy sector.

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Stephens on Regions Financial: Upgrades to "Overweight"
Stephens upgraded Regions Financial to "Overweight," stating that the regional bank is undervalued. With its valuation now more attractive, the firm raised its rating based on stronger financial estimates.

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Guggenheim on Netflix: Reiterates "Buy"
Guggenheim raised its price target on Netflix from $810 to $825 per share and maintained its "Buy" rating. The firm increased its 2025 operating income estimates, expecting growth in content, marketing, and technology spending as Netflix invests in expanding its advertising and gaming initiatives.

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Guggenheim on Six Flags: Initiates "Buy"
Guggenheim initiated coverage of Six Flags Entertainment with a "Buy" rating and a price target of $52, highlighting the company’s growth potential in the theme park industry.

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Mizuho on Robinhood: Reiterates "Outperform"
Mizuho raised its price target on Robinhood from $24 to $29, forecasting strong trading results amid heightened market activity. The firm updated its financial models for Robinhood, boosting short- and medium-term estimates.

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Barclays on Arcosa: Initiates "Overweight"
Barclays initiated coverage of Arcosa, a construction engineering company, with an "Overweight" rating. Despite the complexity of its business, Barclays is optimistic about Arcosa's long-term growth potential under its credible leadership.

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