Tuesday’s Biggest Analyst Calls: Nvidia, Apple, Tesla, Disney, Coreweave, Mcdonald’s & More

Here are Tuesday’s biggest calls on Wall Street:

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Bank of America Maintains Buy Rating on Carvana

Bank of America reiterated its bullish stance on Carvana, increasing its price target from $325 to $375 per share. The firm noted that despite concerns around tariffs impacting supply, the used car market showed resilience in May.

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Inventory levels reached 44 days of supply—just one day higher than April and only two days lower year-over-year. The firm highlighted that Carvana’s inventory in the San Francisco Bay Area has reached its highest level since March, with rapid-delivery units also at peak levels.

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Nvidia Also Reaffirmed as a Buy by Bank of America

Bank of America remains optimistic about Nvidia, citing strong and ongoing demand in the data center market. The firm believes the global push to develop AI infrastructure using local data and labor is gaining momentum. This movement could account for more than $50 billion annually, or over 10% of the long-term addressable market in AI, reinforcing Nvidia’s leadership in the space.

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Goldman Sachs Backs Apple Following Developer Event

Goldman Sachs reaffirmed its buy rating on Apple following the company's Worldwide Developers Conference. The firm emphasized that while product revenue growth may seem slow, the true strength of Apple lies in its integrated ecosystem, which provides consistent and visible revenue streams.

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Wells Fargo Maintains Bearish View on Tesla

Wells Fargo is sticking with its underweight rating on Tesla. The firm pointed to declining delivery figures, with global numbers down 23% year-over-year in May and second-quarter deliveries so far down 21% compared to the previous year. Each major geographic region, including Europe, has experienced double-digit declines, with the EU being the hardest hit.

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JPMorgan Gets a Price Target Boost from Wells Fargo

Wells Fargo remains optimistic about JPMorgan, raising its price target to $320 from $300. The bank's internal growth mechanisms, according to the firm, are stronger than what is generally recognized by the broader market.

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McDonald’s Downgraded to Sell by Redburn Atlantic Equities

Redburn took a more cautious stance on McDonald’s, downgrading the stock from buy to sell. The downgrade stems from concerns around slower growth expectations and the potential impact of GLP-1 weight-loss drugs on consumer eating habits, as well as pricing challenges.

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Yum Brands Upgraded to Buy by Redburn

In contrast, Redburn upgraded Yum Brands from neutral to buy, highlighting momentum in its core business categories. The parent company of KFC, Taco Bell, and Pizza Hut has been outperforming expectations, and Redburn believes its pricing strategies are more realistic and sustainable.

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Macerich Upgraded to Outperform by Mizuho

Mizuho upgraded mall operator Macerich from neutral to outperform, setting a price target of $18. They cited the REIT’s appealing risk/reward profile and noted that its year-to-date underperformance makes it an attractive pick for investors who are comfortable with risk. The firm sees long-term earnings growth potential and believes the stock trades at a significant discount compared to peers.

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Bel Fuse Rated Outperform by Baird

Baird initiated coverage of Bel Fuse with an outperform rating, calling it a compelling transformation story. The electronic components firm has laid a strong operational foundation under CEO Farouq Tuweiq and is now shifting its focus to growth, supported by new leadership and incentive structures.

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Oppenheimer Initiates SunCar Technology With Outperform

SunCar Technology, a digital automotive services firm, received an outperform rating from Oppenheimer, which also set a $3.50 price target. The firm sees SunCar as well-positioned in its niche market.

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DA Davidson Remains Negative on CoreWeave

DA Davidson reiterated its underperform rating on CoreWeave, even after the company disclosed a contract financing structure. The firm said the information, rather than reassuring investors, highlighted risks related to shareholder returns under the current contract terms.

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KeyBanc Initiates Dynatrace as Overweight

KeyBanc started coverage of Dynatrace with an overweight rating, pointing to the company’s strength in application performance monitoring (APM) and its status as a solid second-place consolidator behind Datadog. The firm expects high-teens growth, driven by product and go-to-market catalysts.

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Citi Adds Short-Term Catalyst Watch on Skyworks and Qorvo

Citi kept its long-term sell ratings on Skyworks and Qorvo but added a 90-day upside catalyst watch. As both are part of Apple’s supply chain, Citi noted they could benefit from stable expectations for iPhone 17 production, with the supply chain projecting 80–95 million units. Historically, Apple suppliers have outperformed Apple stock between WWDC and the iPhone launch.

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Goldman Sachs Resumes Coverage on Kontoor Brands

Goldman Sachs restarted its coverage on Kontoor Brands—owner of Wrangler jeans—with a buy rating and a $85 price target, suggesting a 25% upside. The firm views the stock as having a compelling risk/reward balance.

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Bank of America Resumes Coverage on Deutsche Bank

BofA also resumed coverage on Deutsche Bank, rating it as a buy. The firm praised the bank’s strong positioning, particularly its strategic advantage in Germany, calling it a true “Global Hausbank.”

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Loop Capital Lifts Price Target on Disney

Loop Capital maintained its buy rating on Disney and increased its price target from $125 to $130. The firm cited higher market multiples and a more stable business environment as reasons for the adjustment.

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