Wednesday’s Biggest Analyst Calls: Nvidia, Tesla, Apple, Home Depot, Super Micro, Alibaba, American Airlines and More

Here are Wednesday’s biggest calls on Wall Street:

‍

Bank of America Reaffirms Nvidia as a Buy
Bank of America outlined several scenarios for Nvidia ahead of its quarterly earnings report due Wednesday after the market closes. The firm’s base-case scenario anticipates a strong fiscal fourth-quarter performance, but a more moderate outlook for the first quarter due to a slower rollout of Blackwell GPUs and potential impacts from China’s restrictions. They expect Nvidia’s stock to rebound slightly as investors focus on the upcoming GPU Technology Conference on March 17.

‍

Goldman Sachs Reaffirms Apple as a Buy
Goldman Sachs expressed optimism about Apple’s iPhone 16e, particularly its role as an entry-level model in the product lineup. The firm believes the higher price point compared to the iPhone SE3 and the integration of Apple’s in-house modem could support profit margins. They also noted that there are no production delays for the iPhone 16e.

‍

Morgan Stanley Reaffirms Tesla as Overweight
Morgan Stanley continues to view Tesla as a leader in autonomous driving technology. The firm is not expecting Tesla to supply its full self-driving (FSD) software to traditional automakers soon. Despite speculation about partnerships, Tesla appears focused on its independent development path, supported by a substantial data advantage.

‍

Redburn Atlantic Equities Upgrades American Airlines to Buy
Redburn Atlantic Equities raised its rating on American Airlines, citing potential for profit margin growth in 2025. The firm expects tighter supply conditions and increased credit card revenue from a new agreement with Citi to drive long-term margin expansion.

‍

Citi Upgrades Lumen to Buy
Citi upgraded Lumen Technologies, pointing to an improved risk-reward profile. They believe the company can grow its share in the business services segment. Recent declines in the stock price, combined with the potential for operational improvements, present an attractive opportunity for investors.

‍

Bernstein Upgrades Alibaba to Outperform
Bernstein upgraded Alibaba, citing optimism about artificial intelligence and other growth areas. The firm sees improved capital allocation and a more favorable industry environment for AI in China as factors that could push Alibaba’s earnings higher.

‍

RBC Upgrades Fair Isaac to Outperform
RBC upgraded Fair Isaac (FICO), emphasizing the company’s strong pricing power and shareholder-friendly strategies. They believe FICO’s high profit margins and management’s capital allocation decisions reduce risks to future earnings.

‍

UBS Upgrades Confluent to Buy
UBS upgraded Confluent, a data-streaming technology company, based on a stable and improving competitive environment. The firm believes Confluent is well-positioned against larger cloud providers.

‍

Morgan Stanley Upgrades Intuit to Overweight
Morgan Stanley raised its rating on Intuit following the company’s latest earnings report. They highlighted growing momentum in the small business segment and efficient cost management. The firm expects positive earnings revisions in the near term.

‍

Morgan Stanley Downgrades Krispy Kreme to Underweight
Morgan Stanley downgraded Krispy Kreme after its latest earnings report. The firm expressed concerns about the company’s shifting business narrative and remains cautious about sustainable demand growth in the U.S.

‍

Barclays Upgrades Lennox to Overweight
Barclays upgraded Lennox International, believing the market is too pessimistic about the company’s outlook. The firm sees the 2025 margin guidance as conservative and expects stronger performance ahead.

‍

JPMorgan Upgrades Check Point Software to Overweight
JPMorgan upgraded Check Point Software, citing positive momentum in platform development and innovation. They believe these efforts position the company for accelerated growth as it leverages its advanced technology platform.

‍

HSBC Initiates Miniso as a Buy
HSBC initiated coverage on Miniso, a Chinese lifestyle retailer, with a buy rating. They highlighted the company’s leadership in China and its rapid expansion in international markets, supported by a robust supply chain.

‍

JPMorgan Upgrades dLocal to Overweight
JPMorgan upgraded dLocal, a financial technology company, for the first time since its IPO. The firm is now seeing stronger international growth prospects after maintaining a neutral stance for about four years.

‍

Deutsche Bank Upgrades Coupang to Buy
Deutsche Bank upgraded Coupang, a South Korean e-commerce giant, citing increased growth potential. They raised their price target from $26.50 to $28.50, citing better-than-expected performance and a reduction in their risk-free rate assumption.

‍

HSBC Upgrades Home Depot to Neutral
HSBC upgraded Home Depot following its latest earnings report, which showed positive same-store sales growth for the first time in eight quarters.

‍

Barclays Reaffirms Instacart as Overweight
Barclays maintained its overweight rating on Instacart, noting positive business trends and confidence in the company’s trajectory as it moves through 2025.

‍

Guggenheim Initiates Sportradar as a Buy
Guggenheim began coverage of Sportradar Group with a buy rating and a $27 price target. They view the company’s offerings in the gaming sector as differentiated and well-positioned for growth.

‍

Loop Upgrades Porch Group to Buy
Loop Capital upgraded Porch Group following its fourth-quarter earnings report. They maintained a $6 price target and cited increased confidence in the company’s growth trajectory.

‍

Loop Reaffirms Super Micro Computer as a Buy
Loop Capital raised its price target on Super Micro Computer for the third time in five weeks, increasing it to $70 per share. They highlighted ongoing growth potential related to the Blackwell GPU ramp and key customer activity heading into the summer.

‍