Tuesday’s Biggest Analyst Calls: NVIDIA, Apple, Tesla, Netflix, Amazon, Qualcomm & More

Here are the biggest calls on Wall Street on Tuesday:
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Evercore ISI Remains Bullish on Apple
Evercore ISI continues to recommend Apple as a top pick ahead of its upcoming earnings report on May 1. The firm noted that while Apple’s short-term stock movements may be influenced by geopolitical tensions, it is confident in the company’s ability to implement strategies that could ease the long-term impact of tariffs. Evercore maintained its “Outperform” rating and kept its $250 price target.

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Rosenblatt Begins Coverage of The Trade Desk with a Buy
Rosenblatt initiated coverage on ad technology firm The Trade Desk with a positive outlook. The firm is optimistic about the company’s prospects following a recent antitrust ruling against Google, suggesting that The Trade Desk could benefit and potentially regain some of its lost valuation.

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Piper Sandler Sticks with Nvidia as a Top Pick
Despite concerns related to China, Piper Sandler reaffirmed its confidence in Nvidia, maintaining its “Overweight” rating. The firm emphasized that Nvidia still enjoys strong customer relationships and continues to be its top pick among large-cap stocks under coverage.

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Jefferies Starts Matson at Buy
Jefferies initiated coverage on shipping and logistics provider Matson, giving it a “Buy” rating with a price target of $125. The firm believes Matson is an attractive investment opportunity.

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UBS Maintains Buy on Amazon, Lowers Target
Ahead of Amazon’s earnings, UBS reiterated its “Buy” rating but revised its price target down to $253 from $272. The firm cited potential declines in consumer demand as a reason for adopting a more cautious stance in the short term.

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UBS Upgrades Crane to Buy
UBS raised its rating on industrial firm Crane from “Neutral” to “Buy.” The analysts pointed to Crane’s strong profit margins during the pandemic and its ability to navigate supply chain disruptions as evidence that the company can also handle current tariff-related challenges.

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Redburn Reiterates Sell on Tesla
Redburn Atlantic Equities maintained a negative outlook on Tesla, keeping its “Sell” rating. The firm highlighted that despite the upcoming launch of a new vehicle, it anticipates continued declines in delivery volumes and ongoing pressure on the company’s cash flow.

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TD Cowen Downgrades Hims & Hers to Hold
TD Cowen lowered its rating on Hims & Hers from “Buy” to “Hold,” noting a lack of near-term catalysts for growth. However, the firm expressed long-term optimism about the company’s mission to make healthcare more accessible.

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Barclays Maintains Overweight on GE Vernova
Barclays reiterated its “Overweight” rating on GE Vernova, calling it one of the most appealing multi-industry stocks in today’s market. The firm believes GE Vernova has a favorable long-term growth trajectory with limited earnings risk in the near term.

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JPMorgan Resumes Qualcomm Coverage with Overweight
JPMorgan reinstated its coverage of Qualcomm with an “Overweight” rating. While acknowledging short-term concerns related to smartphone demand fluctuations, the firm remains confident in Qualcomm’s future. It believes the company’s diversification beyond smartphones could support a revaluation of the stock over time.

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CFRA Upgrades Netflix to Strong Buy
CFRA upgraded Netflix from “Buy” to “Strong Buy,” citing solid first-quarter results and a strong competitive position. The firm added that geopolitical risks and trade tariffs did not materially impact Netflix’s financial performance or outlook, and noted the company has no direct exposure to China.

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Morgan Stanley Reaffirms Overweight Rating on Block
Morgan Stanley reiterated its positive stance on Block, calling the fintech company’s shares attractively valued. The analysts see a potential for accelerated growth and greater-than-expected cost reductions.

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H.C. Wainwright Initiates MicroStrategy as Buy
The firm began coverage on MicroStrategy, assigning it a “Buy” rating. H.C. Wainwright views the company as an appealing investment for those seeking leveraged exposure to bitcoin. The analysts believe MicroStrategy is positioned to benefit from positive near-term catalysts and expect a strong performance in the second half of 2025.

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Bank of America Upgrades Upstart to Neutral
Bank of America raised its rating on Upstart from “Underperform” to “Neutral,” stating that the risk-reward balance has improved. The firm believes the current share price better reflects the company’s risks and potential.

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Bank of America Upgrades Chord Energy to Buy
The firm also upgraded Chord Energy from “Neutral” to “Buy,” pointing to a number of near-term catalysts. Despite a potentially weaker oil market and the risk of WTI crude falling below $60 per barrel, Bank of America believes Chord could use its strong balance sheet and additional free cash flow for stock buybacks.

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Bank of America Upgrades Diamondback Energy to Buy
Diamondback Energy was also upgraded to “Buy” by Bank of America. The firm sees it as offering the best mix of value and defensive positioning among the large-cap energy names it covers.

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