Tuesday’s Biggest Analyst Calls: Apple, Nvidia, Amazon, Tesla, Seagate, Boston Beer, Planet Fitness & More

Here are the biggest calls on Wall Street for Tuesday:

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Barclays Reiterates Tesla as Equal Weight:Barclays maintained its "equal weight" rating on Tesla, describing the current situation as "confusing." Despite a first-quarter beat that offered relief, especially regarding gross margins boosted by Full Self-Driving (FSD) recognition, the outlook remains uncertain.

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Goldman Sachs Upgrades CG Oncology to Buy from Neutral:Goldman Sachs upgraded CG Oncology, citing an attractive entry point for the biotech firm. They increased their 12-month price target to $50 from $43, based on a weighted average of a discounted cash flow (DCF) value of $45 and a theoretical M&A value of $62.

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Goldman Sachs Upgrades Fulcrum Therapeutics to Buy from Neutral:Goldman sees a significant opportunity for Fulcrum Therapeutics in rare muscular dystrophy diseases, upgrading it to "buy" with a new 12-month price target of $15.

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Evercore ISI Initiates Regeneron as Outperform:Evercore ISI began coverage of Regeneron with an "outperform" rating and a price target of $1,150, expressing a bullish outlook on the biopharma company.

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Wells Fargo Reiterates Nvidia as Overweight:Wells Fargo raised its price target on Nvidia to $1,150 from $970, citing positive expectations for the first-quarter 2025 report and data supporting Data Center revenue projections exceeding $23-24 billion.

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Jefferies Upgrades Boston Beer to Buy from Hold:Jefferies upgraded Boston Beer to "buy," highlighting potential for "multiple expansion" as the company has navigated several boom-bust cycles, creating value over time.

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Roth MKM Downgrades Roblox to Neutral from Buy:Roth downgraded Roblox due to slowing bookings, noting disappointment with the company's modest first-quarter bookings miss and a 3.5%-4% cut to 2024 guidance.

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Morgan Stanley Resumes GXO Logistics as Overweight:Morgan Stanley resumed coverage of GXO Logistics with an "overweight" rating, noting a robust pipeline of new business and additional upside from inorganic growth.

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Bank of America Reiterates Apple as Buy:Bank of America reaffirmed its "buy" rating on Apple, citing benefits from generative AI, gross margin upside, and momentum in its Services division.

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HSBC Upgrades Huya to Buy from Hold:HSBC upgraded Huya to "buy," seeing potential for shareholder returns as the China-based livestreaming gaming company's business model improves and could turn free cash flow positive again.

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Citi Initiates Weatherford as Buy:Citi initiated coverage of Weatherford with a "buy" rating and a $155 price target, noting a remarkable turnaround for the energy services company.

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Wells Fargo Upgrades Atmos Energy to Overweight from Equal Weight:Wells Fargo upgraded Atmos Energy to "overweight," citing an attractive entry point based on the company’s growth, track record, and balance sheet.

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JPMorgan Upgrades Planet Fitness to Overweight from Neutral:JPMorgan upgraded Planet Fitness to "overweight," expressing increased confidence in the company's long-term growth trajectory.

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Baird Upgrades Fortrea Holdings to Outperform from Neutral:Baird upgraded Fortrea Holdings to "outperform," advising investors to buy on the dip, emphasizing the company's potential beyond 2025.

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JPMorgan Upgrades Vtex to Overweight from Neutral:JPMorgan upgraded Vtex to "overweight," believing the SaaS company can exceed its adjusted EBIT margin guidance for 2024 and that the recent stock pullback presents a good buying opportunity.

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Barclays Upgrades Expro to Overweight from Equal Weight:Barclays upgraded Expro, highlighting its unique position in the offshore SMid cap sector with strong business lines in tubular running services and subsea well testing.

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Wells Fargo Upgrades Edison International to Overweight from Equal Weight:Wells Fargo upgraded Edison International to "overweight," increasing its sum-of-the-parts-based price target to $86 from $72, seeing upside potential if regulatory issues are resolved.

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RBC Initiates CRH as Outperform:RBC initiated coverage of CRH with an "outperform" rating, noting the company's significant upside potential, especially after making the U.S. its primary residence.

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Oppenheimer Upgrades Sarepta to Outperform from Perform:Oppenheimer upgraded Sarepta, noting accelerating sales and earnings growth for the biotech company.

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Deutsche Bank Reiterates Amazon as Buy:Deutsche Bank reaffirmed its "buy" rating on Amazon, highlighting the company's strong potential for a breakout across its e-commerce operations.

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Citi Initiates Western Digital and Seagate as Buy:Citi initiated coverage of Western Digital and Seagate with "buy" ratings, predicting a cyclical recovery in the storage market.

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Deutsche Bank Upgrades Edwards Lifesciences to Buy from Hold:Deutsche Bank upgraded Edwards Lifesciences to "buy," expressing growing confidence in the company's ability to deliver organic growth, positioning it as a premium growth story in large-cap medtech. They set a new price target of $103.

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