Here are Tuesday’s biggest calls on Wall Street: Oppenheimer reiterates Nvidia as a top pick The firm said Nvidia remains a top idea. “We continue to favor structural growth for long-term outperformance. Our top picks are NVDA , AVGO, MPWR, and MRVL.” Bank of America reiterates Amazon as buy Bank of America said it’s sticking with its buy rating on Amazon following CEO Andy Jassy’s letter to employees on Monday. “In a letter to employees, CEO Andy Jassy outlined the goals to: 1) improve the level of ownership over and speed of workflows, and; 2) set up culture for invention, collaboration, and connection to better drive customer & business results.” Bernstein reiterates Tesla as underperform Bernstein said Tesla has potential to be “disruptive’ in the robotaxi space. “*If* Tesla can get the tech solved with a camera + software first approach, it stands to be the most disruptive — significantly lower CapEx threshold to scaling and associated depreciation expense.” Redburn Atlantic Equities upgrades Shopify to buy from neutral Redburn said the e-commerce tech company has a wide moat for growth. “We upgrade our recommendation on Shopify to Buy, backed by industrial work around its multi-faceted moat – characterised by scale, high switching costs and an impenetrable three-sided network – alongside attractive structural growth and ability to win additional share.” Stifel upgrades Lattice Semiconductor to buy from hold Stifel upgraded the semis company following the appointment of a new CEO. ” LSCC announced the appointment of Dr. Ford Tamer as CEO and to the company’ Board, effective immediately.” Mizuho initiates Dell as buy Mizuho said the computer and tech giant is well positioned. ” DELL is better positioned with a broader server/PC/storage portfolio, a better balance sheet with solid FCF and working capital management.” JPMorgan downgrades ViaSat to neutral from overweight JPMorgan downgraded the satellite company after United Airlines announced it was changing its inflight internet service provider “We downgrade Viasat to Neutral (from Overweight) following last week’s news that United Airlines will shift 1000+ mainline aircraft from existing IFC [in flight connectivity] providers (including VSAT) to Starlink.” Morgan Stanley reiterates Virgin Galactic as underweight Morgan Stanley cut its price target on the stock to $5 per share from $35 and said Virgin Galactic’s flight plans are too far pushed out. “Commercial flights are on hold until ~2026….
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