Wall Street’s Latest Calls
Here are some notable updates from Wall Street as of Friday:
Citi reaffirmed its buy rating on Apple, acknowledging some uncertainty. They cited concerns over IPhone demand for the year due to delays in AI and an ongoing Section 232 decision. Despite expectations of a pullback in demand for the June quarter due to suspended tariffs and promotions in China, they remain cautious.
Meanwhile, Morgan Stanley raised Amazon’s price target from $250 to $300 per share, attributing this to a more favorable tariff and geopolitical landscape. They are reintroducing estimates that reflect these less stringent conditions.
Wedbush upgraded AMC Entertainment from neutral to outperform, suggesting that AMC is well-positioned to benefit from a steady stream of movie releases in the upcoming quarters.
Goldman Sachs upgraded Visteon from neutral to buy, citing the company’s potential in digital cockpit products and improved car production following a recent success with Toyota.
TD Cowen also upgraded Texas Instruments, noting that inventory levels are healthy, which bodes well for the industry’s recovery. They expressed confidence in TI’s future performance, even despite ongoing macro concerns.
Citi placed a positive catalyst watch on Arista Networks, believing there’s room for growth in their inventory. They are optimistic about the company’s outlook for the second half of the year.
Similarly, Citi maintained its buy rating on Roblox, raising the target price from $100 to $123, driven by positive trends in the company’s performance.
On the other hand, Goldman Sachs reiterated a neutral position on Tesla but reduced its stock price target from $315 to $285. They adjusted their expectations for the company’s share of the U.S. EV market, considering competition from other automakers.
JPMorgan upgraded Sallie Mae to neutral, expecting earnings growth to offset challenges from federal lending policies.
Needham raised Netflix’s price target from $1,126 to $1,500, driven by strong productivity trends.
Truist upgraded GXO Logistics to a buy, citing confidence in the new management team, improved margin visibility, and valuable contracts.
Wedbush reaffirmed its outperform rating for Nvidia, suggesting robust demand for their products based on recent checks.
Lastly, Morgan Stanley reiterated a bullish stance on Chipotle, expecting improvements in the second half of the year, which could drive positive results as premium revenue continues to grow.
