Tuesday's Biggest Analyst Calls: Apple, Tesla, Snowflake, Meta, Coreweave, Circle, Amazon, Chewy, Broadcom & More

Here are Tuesday’s biggest calls on Wall Street:

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Morgan Stanley Turns Bullish on Snowflake
Morgan Stanley upgraded Snowflake shares to "overweight" from "equal weight" following a change in analyst coverage. The firm now expresses strong optimism about the company’s future, noting improved execution and accelerated innovation under new CEO Sridhar Ramaswamy. Analysts believe that artificial intelligence will fuel long-term growth, particularly in Snowflake’s core data business, with an expected compound annual growth rate exceeding 20% through 2030.

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Bank of America Sticks with Apple
Bank of America maintained its "buy" rating on Apple. The firm cited Apple’s robust capital returns, growing potential in edge-based AI applications, and future opportunities from new products and market expansions as reasons investors should stay the course.

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Goldman Sachs Maintains Neutral View on Tesla
Goldman Sachs reiterated a neutral rating for Tesla, citing mixed insights on its upcoming robotaxi launch. While progress in Tesla’s Full Self-Driving (FSD) technology is evident, Goldman cautioned that widespread adoption and scalability may take longer than expected.

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Roth MKM Upgrades Electronic Arts
Roth MKM upgraded Electronic Arts from "neutral" to "buy," expressing increased confidence in the video game company’s ability to drive consistent double-digit earnings growth over the next three years.

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Citi Stays Neutral on CoreWeave
Citi retained its neutral stance on CoreWeave, pointing to lingering uncertainty around the company’s six-year amortization model and its reliance on a concentrated customer base. The firm is waiting for more clarity before shifting to a more favorable outlook.

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Citi Raises Meta Price Target
Citi reaffirmed its "buy" rating on Meta Platforms and increased its price target from $690 to $803. Analysts highlighted improving engagement and higher conversion rates as driving factors behind their optimism.

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Morgan Stanley Initiates Amrize at Overweight
Morgan Stanley launched coverage of building materials firm Amrize with an "overweight" rating. The firm applauded Amrize’s strong growth, pointing out a 13% revenue CAGR and 16% EBITDA CAGR since 2021, supported by 17 strategic acquisitions during that period.

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Amazon and Walmart Named Rural Grocery Winners
Morgan Stanley reiterated "overweight" ratings for both Amazon and Walmart, calling them the biggest beneficiaries of rural grocery market expansion. Their continued investment in e-commerce and delivery infrastructure is reshaping the grocery landscape, especially in underserved areas.

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Backblaze Initiated at Outperform by Citizens JMP
Cloud storage provider Backblaze was initiated with a "market outperform" rating and a $7 price target by Citizens JMP. The firm believes the company’s affordable offerings give it room to grow in the competitive cloud storage market.

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Union Pacific Upgraded by Susquehanna
Susquehanna upgraded railroad giant Union Pacific from "neutral" to "positive," advising investors to buy the dip. The firm cited better-than-expected rail volume trends and sees recent underperformance in the stock as a buying opportunity.

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Chewy Named a Top Pick at Morgan Stanley
Chewy was named a top pick by Morgan Stanley, with the firm highlighting the company’s potential to succeed in the veterinary services market—an area estimated to be worth $40 billion.

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GE Vernova Target Raised by Morgan Stanley
Morgan Stanley maintained its "overweight" rating on GE Vernova and increased its price target to $511 from $422. The firm cited growing confidence in the company’s ability to capture high-margin opportunities in power and electrification.

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TD Cowen Upgrades Lyft
Lyft received an upgrade from "hold" to "buy" by TD Cowen. Analysts see several growth catalysts on the horizon, backed by strong execution from management and a renewed focus on enhancing rider and driver experiences.

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JPMorgan Backs Allegion
JPMorgan initiated coverage of Allegion with an "overweight" rating. As a leader in commercial and institutional access control solutions, Allegion benefits from strong industry relationships and expanding capabilities in digital security.

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Jefferies Stays Positive on Nike
Jefferies maintained a "buy" rating for Nike ahead of its earnings report, expecting the company to turn the corner as it continues to manage inventory and improve its retail strategy.

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New Oriental Education Upgraded by JPMorgan
JPMorgan upgraded China’s New Oriental Education to "overweight" from "neutral" following a 17% year-to-date pullback. The firm believes fiscal year 2026 presents a more attractive setup compared to FY25.

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Goldman Sachs Downgrades RH and Dollar General
Goldman downgraded RH to "sell" due to housing market pressures and difficult upcoming comparisons. The firm also lowered Dollar General to "neutral" from "buy," noting the stock’s recent rebound has left less room for upside, despite internal operational improvements.

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Advance Auto Parts Downgraded by Goldman
Advance Auto Parts was also downgraded to "sell" from "neutral" by Goldman Sachs, which expects the stock to underperform peers, with an 11% downside implied by its new $46 price target.

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Loop Capital Downgrades Ollie’s Bargain Outlet
Loop Capital lowered its rating on Ollie’s from "buy" to "hold," citing valuation concerns while maintaining a $130 price target.

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Compass Point Starts Circle at Neutral
Compass Point began coverage of stablecoin platform Circle with a "neutral" rating and a $205 price target. Rising competition and margin compression were cited as key risks.

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Rosenblatt Initiates Galaxy Digital with Buy Rating
Rosenblatt launched coverage of Galaxy Digital with a "buy" rating and $25 target. The firm sees the company as a compelling investment in the crypto space, offering a strong risk/reward profile.

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HSBC Upgrades Broadcom
HSBC turned bullish on Broadcom, upgrading it to "buy" from "hold." The upgrade was driven by expectations that the company’s ASIC (application-specific integrated circuit) revenues will surpass market forecasts thanks to better visibility and strong pricing power.

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