Tuesday’s Biggest Analyst Calls: Nvidia, Apple, Dell, Nike, Dick’s, Robinhood, Meta, Msg Sports & More

Wall Street’s Biggest Analyst Calls for Tuesday

Here’s a roundup of the most notable analyst calls making headlines on Tuesday.

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Wedbush Reaffirms Apple as Outperform
Wedbush is holding its bullish stance on Apple as the company unveils its latest product lineup. The firm noted that Apple has done an impressive job navigating tariffs and global supply chain challenges.

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Analysts expect a potential price increase of $50 to $100 for the Pro and Pro Max models, reflecting Apple’s growing production shift to India. With most U.S. iPhone sales now sourced from India rather than China, Wedbush projects a roughly $1 billion headwind for the September quarter.

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Bank of America Maintains Buy on Dell
Bank of America reiterated its Buy rating on Dell following news of the company’s new CFO appointment.

The firm pointed to Dell’s broad product portfolio, rising demand from AI, and consistent market share gains. Analysts believe Dell can expand margins in the years ahead by leaning into storage solutions and premium configurations for PCs and servers, even as risks such as a soft global economy and high debt levels remain.

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KeyBanc Keeps Nvidia and Broadcom as Overweight
KeyBanc remains optimistic on Nvidia and Broadcom, recommending investors lean into companies tied to generative AI. The firm said both stocks are past the worst of inventory destocking, making NVDA and AVGO attractive positioning opportunities.

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Citi Initiates Madison Square Garden Sports as Buy
Citi launched coverage on Madison Square Garden Sports, owner of the New York Knicks and Rangers, with a Buy rating and a $285 price target. The firm believes MSGS shares remain undervalued compared to peers.

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JPMorgan Initiates Badger Meter as Overweight
JPMorgan started coverage of Badger Meter, a water technology leader, with an Overweight rating and a 2026 year-end price target of $230.

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JPMorgan Initiates Reliance as Overweight
JPMorgan also began coverage of Reliance, a major U.S.-based metals solutions provider, assigning an Overweight rating with a December 2026 price target of $350.

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JPMorgan Upgrades Sealed Air to Overweight
Sealed Air earned an upgrade from JPMorgan, moving from Neutral to Overweight. The firm called Sealed Air a strong free cash flow generator trading at a fair valuation. Analysts believe its Protective segment is nearing a turnaround after extended periods of negative pricing and volume growth.

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Jefferies Adds Nike to Franchise Picks List
Jefferies named Nike one of its top stock ideas, citing the brand’s strong global reach. The firm sees Nike’s potential market as 8 billion people and believes the athletic apparel industry remains healthy.

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Citi Upgrades Dick’s Sporting Goods to Buy
Following the recent merger with Foot Locker, Citi upgraded Dick’s Sporting Goods from Neutral to Buy and lifted its target price from $225 to $280. The firm described the DKS/FL combination as a powerful force in retail.

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Wells Fargo Upgrades Thomson Reuters to Overweight
Wells Fargo upgraded Thomson Reuters from Equal Weight to Overweight, noting investor concerns around AI are overdone. The firm highlighted that TRI’s valuation multiple has contracted since the second quarter of 2025, creating upside potential.

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Bank of America Maintains Buy on Meta
Bank of America reaffirmed its Buy rating on Meta ahead of next week’s Meta Connect Developer Conference. The firm expects Meta to showcase new AI features, updates on Meta AI, and advancements related to Llama across its core platforms.

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Bernstein Reiterates Outperform on Robinhood
Bernstein sees Robinhood as having major growth potential in financial services. The firm emphasized that Robinhood’s recent addition to the S&P 500 is a milestone, arguing the company should no longer be viewed solely as a platform for retail traders. Instead, Bernstein sees it as a financial services leader for the next generation.

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Deutsche Bank Reaffirms Buy on McDonald’s
Deutsche Bank praised McDonald’s latest pricing initiative as the fast-food chain continues strengthening its value strategy. The company recently relaunched Extra Value Meals, offering eight combo meals at prices 15% below their a la carte equivalents, compared to past discounts of 10-11%.

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Evercore ISI Maintains Outperform on Microsoft
Evercore ISI advised investors to take advantage of Microsoft’s recent pullback. The firm sees Microsoft as a long-term compounder and expects the company to capture significant AI monetization opportunities at both infrastructure and application layers over the next three to five years.

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Wolfe Upgrades Remitly Global to Outperform
Wolfe Research upgraded Remitly Global to Outperform, assigning a $25 price target. The firm said Remitly’s efforts to diversify revenue streams and improve operating leverage are undervalued by the market.

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Citi Upgrades Hyatt Hotels to Buy
Citi upgraded Hyatt Hotels from Neutral to Buy, arguing that the hotel chain’s shares still have considerable room to climb.

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