Wednesday’s Biggest Analyst Calls: Nvidia, Netflix, Tesla, Broadcom, Micron, Alphabet, Boeing, Reddit & More

Here are Wednesday’s biggest calls on Wall Street:

‍

Wells Fargo Starts Reddit at Overweight

Wells Fargo initiated coverage of Reddit with an overweight rating, citing multiple "upside drivers."

‍

"While the stock's post-3Q earnings momentum highlights optimism following a strong performance and guidance, we project a 33% upside to 2026 EBITDA estimates driven by ad monetization growth. We expect the stock to continue outperforming as positive revisions unfold," the firm noted.

‍

Goldman Sachs Maintains Neutral Rating on Tesla

Goldman Sachs raised its price target for Tesla from $250 to $345 per share while keeping a neutral rating.

‍

"Although we foresee challenges in Tesla’s core automotive segment in the near to medium term, the market seems to be factoring in long-term growth, particularly regarding its AI opportunities," the firm explained.

‍

Goldman Sachs Rates OneStream and Similarweb as Buys

Goldman initiated OneStream, a cloud-based corporate performance management platform, with a buy rating and a $37 price target, calling it a "premium growth opportunity."

‍

Similarly, the firm started coverage of Similarweb, a digital intelligence platform, with a buy rating and a price target of $16, reflecting its confidence in the company's growth potential.

‍

Citi Reiterates Buy on Coca-Cola

Citi maintained its buy rating on Coca-Cola, naming it a top pick for 2025.

‍

"In this environment, we recommend a barbell strategy that includes high-quality names with strong topline trends. Coca-Cola remains a favorite in the beverage category alongside Colgate in HPC," Citi stated.

‍

Bank of America Highlights Alphabet’s Quantum Milestone

Bank of America reiterated its buy rating on Alphabet, citing breakthroughs in quantum computing tied to its Willow chip.

‍

"Alphabet announced two significant advancements: a dramatic reduction in computational errors with scalability and a benchmark computation completed far faster than current technologies. These developments reinforce its leadership in quantum computing," the firm commented.

‍

Wells Fargo Starts BioNTech at Overweight

Wells Fargo began coverage of BioNTech with an overweight rating and a $170 price target, emphasizing its growth potential beyond COVID-19.

‍

"The next phase for BioNTech, post-pandemic, could be even more significant, supported by our DCF analysis," the firm noted.

‍

Morgan Stanley Names Alaska Airlines as Top Pick

Morgan Stanley upgraded Alaska Airlines to its top airline pick for 2025, moving Delta to second place.

‍

"Alaska Airlines climbs to the top spot following its new synergy targets shared during its Investor Day. We expect it to outperform heading into next year," the firm said.

‍

JPMorgan Remains Positive on Boeing

JPMorgan reiterated its overweight rating on Boeing, highlighting better prospects in 2025.

‍

"We favor Boeing and RTX in aerospace and HWM among high-multiple stocks," the firm mentioned.

‍

TD Cowen Selects Lam Research as a 2025 Top Idea

TD Cowen named Lam Research as a leading pick for 2025, maintaining a buy rating.

‍

"We are bullish on Lam Research due to its exposure to secular trends like increasing memory content in storage and mobile applications, healthy capital intensity for deposition and etch products, and strong cash flow generation," the firm explained.

‍

Wells Fargo Bullish on Micron Ahead of Earnings

Wells Fargo reiterated its overweight rating on Micron, expressing optimism ahead of its earnings release next week.

‍

"Micron is well-positioned for substantial revenue growth in fiscal 2025, driven by its HBM share gains, disciplined industry dynamics, and execution across its portfolio," the firm stated.

‍

Travelers Downgraded by Wells Fargo

Wells Fargo downgraded Travelers to underweight, citing uncertainty heading into 2025.

‍

"We see potential challenges from further liability reserve additions, tougher margin comparisons, and cautiousness in commercial lines amid elevated loss cost trends," the firm explained.

‍

Citi Initiates Monolithic Power as Buy

Citi initiated coverage of Monolithic Power with a buy rating and a $700 price target, signaling confidence in its prospects.

‍

Bernstein Maintains Outperform Rating for Broadcom

Bernstein reiterated its outperform rating for Broadcom ahead of its earnings.

‍

"While near-term fluctuations are possible, the longer-term story remains promising into the second half and beyond," the firm noted.

‍

Stifel Upgrades Wolverine World Wide to Buy

Stifel upgraded Wolverine World Wide, citing improved visibility for 2025.

‍

"After a year of stabilization and balance sheet progress, 2025 looks like an inflection point supported by spring orders, Saucony’s momentum, and distribution expansion," the firm said.

‍

JPMorgan Downgrades C3.ai

JPMorgan downgraded C3.ai to underweight from neutral, expressing concerns about its growth and margins.

‍

"While C3.ai operates in a massive and rapidly evolving AI market, its inconsistent growth and margin performance remain outliers compared to peers," the firm stated.

‍

Citi Names Take-Two as Top Pick

Citi elevated Take-Two Interactive to its top pick, citing an attractive risk-reward profile.

‍

Downgrades for Homebuilders and Duolingo

Barclays downgraded homebuilders Lennar, DR Horton, PulteGroup, and KB Home, noting the end of the "utopia" for the industry.

‍

Meanwhile, Bank of America downgraded Duolingo to neutral, citing valuation concerns despite its high growth potential.

‍

Deutsche Upgrades Frontier Airlines

Deutsche Bank upgraded Frontier to buy, believing it will benefit from an improving domestic market.

‍

KeyBanc Sticks With Nvidia as Overweight

KeyBanc reiterated its overweight rating on Nvidia, citing in-line November notebook shipments and neutral expectations for PC-related companies.

‍

‍