Tuesday’s Biggest Analyst Calls: Nvidia, Apple, Tesla, Amazon, Meta, Coreweave, Celsius & More

Here are Tuesday’s biggest calls on Wall Street:

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Goldman Sachs initiates Golar LNG with a Buy
Goldman Sachs began coverage on Golar LNG, describing the natural gas company as an attractive opportunity. “We are starting coverage of Golar LNG (GLNG) with a Buy rating.”

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BTIG downgrades Instacart to Neutral from Buy
BTIG shifted its stance on Instacart, citing intensifying competition in the grocery delivery space. “We are lowering CART from Buy to Neutral given ongoing negative competitive pressures.”

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BMO initiates TransDigm Group as Outperform
BMO turned positive on aerospace supplier TransDigm Group. “We are initiating coverage on TransDigm (TDG) with an Outperform rating and a $1,420 price target, implying a 10% potential return.”

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Bernstein reiterates Netflix as Outperform
Bernstein maintained its bullish stance on Netflix but dismissed speculation about a Warner Bros. Discovery acquisition. “While speculation persists on who might bid for WBD, we don’t view Netflix (NFLX) as a likely candidate given the unclear strategic value.”

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UBS upgrades Fidelity Information Services to Buy from Neutral
UBS upgraded Fidelity Information Services, pointing to a better balance of risk and reward. “We are moving FIS to Buy after previously holding a Neutral rating due to valuation improvements and more attractive risk-reward dynamics.”

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Bank of America upgrades Freeport-McMoRan to Buy from Neutral
BofA boosted its rating on Freeport-McMoRan, saying the market has already priced in most risks. “We view FCX as a premier way to gain exposure to copper.”

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Evercore ISI initiates CoreWeave as Outperform
Evercore sees opportunity in AI infrastructure provider CoreWeave, despite volatility.
“We believe CoreWeave (CRWV) can sustain and scale differentiation from training to inference, benefiting from AI-as-a-service growth. Initiate with Outperform and $175 target.”

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Goldman Sachs downgrades Spotify to Neutral from Buy
Goldman Sachs downgraded Spotify, noting stretched valuations. “While we continue to see growth, much of it is already reflected in current prices.”

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Citi reiterates Nvidia as Buy
Citi raised its price target for Nvidia shares. “We are increasing our target to $210 from $200, maintaining our Buy rating, with the upcoming GTC conference as a potential catalyst.”

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Morgan Stanley upgrades Celsius to Overweight from Equal Weight
Morgan Stanley turned more optimistic on Celsius Holdings. “Despite recent gains, CELH has pulled back ~10% in the last month, creating an attractive setup with a favorable risk/reward.”

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Goldman Sachs reiterates Netflix as Neutral
Goldman reaffirmed its Neutral stance on Netflix but adjusted its price target slightly ahead of earnings. “We are maintaining a Neutral rating with a revised 12-month target of $1,300, reflecting a balanced outlook.”

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Stephens initiates Dorman Products as Overweight
Stephens highlighted Dorman Products as a beneficiary of inflationary trends. “We are initiating DORM with an Overweight rating and a $185 price target.”

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Needham reiterates Apple as Hold
Needham maintained its Hold rating on Apple, pointing to limited pricing power. “Apple’s (AAPL) inability to raise iPhone prices in line with inflation stems from a lack of groundbreaking new features.”

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Canaccord reiterates Tesla as Buy
Canaccord reaffirmed its bullish stance on Tesla while lifting its price target to $490 from $333. “Despite volatility, we remain confident in Tesla’s long-term growth potential.”

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Goldman Sachs initiates Royalty Pharma as Buy
Goldman Sachs sees Royalty Pharma well positioned for long-term growth. “We believe Royalty Pharma is uniquely situated to benefit from the expanding royalty market.”

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Mizuho initiates Amazon as Outperform
Mizuho turned constructive on Amazon, citing multiple growth drivers. “We see upside for AMZN through AWS expansion, growing AI infrastructure demand, stronger retail margins, and accelerating ad revenue.”

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Mizuho initiates Meta as Outperform
Mizuho launched coverage of Meta with a bullish outlook, calling it their top Internet pick. “Meta (META) has the strongest positioning in AI/ML and GenAI, transforming engagement, advertising, and operations. We set a $925 target.”

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Oppenheimer upgrades Semtech to Outperform from Perform
Oppenheimer raised its view on Semtech after constructive discussions with management. “Following management meetings, we are raising estimates and upgrading SMTC to Outperform.”

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Deutsche Bank initiates Array Technologies as Buy
Deutsche Bank highlighted Array Technologies as a turnaround play. “We are initiating ARRY with a Buy rating and an $11 price target, implying ~33% upside.”

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Deutsche Bank initiates Nextracker as Buy
The bank also started coverage on solar tracker company Nextracker. “We are initiating NXT with a Buy rating and an $88 target, suggesting 20% upside.”

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Canaccord initiates FirstCash Holdings as Buy
Canaccord called FirstCash the “gold standard” in its sector. “After long investor demand, we are initiating coverage of FirstCash (FCFS) with a Buy rating and $200 target.”

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