Top Calls on Wall Street: Nvidia, Meta, Tesla, Coinbase, GM, Caterpillar, Snowflake, Amazon & More

Here are the biggest calls on Wall Street on Tuesday:

William Blair initiates Thermo Fisher as outperform

The investment bank said it is “time to buy the premier partner in life sciences.”

“The synergies created by Thermo’s best-in-class service offerings have solidified its position as the partner of choice for the biopharma industry.”

Loop reiterates Amazon as buy

Loop raised its price target on Amazon, citing strength in e-commerce and Amazon Web Services.

“We are updating our estimates with higher revenue and profit generation from the ecommerce businesses and lower profits from AWS. We have increased our PT to $300 from $290 previous on the same sum-of-parts methodology.”

Bank of America reiterates Meta Platforms as buy

Bank of America says Meta is well positioned for artificial intelligence.

“We continue to see Meta as well positioned for AI given massive user based and tech. infrastructure, maintain Buy.”

JPMorgan names MakeMyTrip a top pick

The investment bank says investors should buy the dip in shares of the India travel company.

“We expect recovering travel volumes to drive a rerating for MMYT from 45x FY27 PE, which is at a discount to internet and consumer plays. MMYT is now our top Internet OW.”

TD Cowen reiterates Nvidia as a top pick

The Wall Street firm says Nvidia is well positioned ahead of earnings next week.

“We See NVDA Best Positioned to Clear A High Bar.”

Wells Fargo reiterates Snowflake as overweight

Wells Fargo says the near-term setup looks attractive.

“We believe SNOW is among a few leaders in the cloud data space and poised to continue its momentum as a new mgmt team doubles down on its AI ambitions. We rate SNOW Overweight.”

Barclays upgrades Aveanna to overweight from equal weight

Barclays says shares of the health-care services company are compelling.

“Despite AVAH’s concentration in Medicaid, we believe the company is largely insulated from the Medicaid provisions including direct funding cuts, Medicaid work requirements, and redeterminations.”

Bernstein reiterates Robinhood, Circle and Coinbase as outperform

Bernstein says it is bullish on several companies with exposure to cryptocurrencies.

“We expect a long Crypto bull market, continuing the surge into 2026 and potentially peak in 2027. We share the upside case and key growth vectors across COIN, HOOD, CRCL. We move our HOOD price target higher to $160 ($105 prior).”

Mizuho upgrades Prologis to outperform from neutral

Mizuho says the industrial real estate investment trust is well positioned.

“We believe the set-up for some Industrial REIT stocks should tactically improve the next 6 months, and we upgrade PLD to Outperform.”

Bank of America upgrades Palo Alto Networks to buy from neutral

Bank of America upgraded the stock following earnings, saying it has an “attractive long-term growth profile.”

“Our Buy is based on strong financials across the majority of Palo Alto’s business.”

Wedbush reiterates General Motors as outperform

The investment bank said the automaker is “impressively navigating the tariff headwinds.”

“We are raising our price target on GM from $55 to $65 reflecting incremental momentum with the company’s growth story into 2026 while impressively navigating the tariff headwinds.”

Evercore ISI upgrades Caterpillar to outperform from in line

Evercore ISI says it sees improving margins for the construction equipment company.

“CAT’s recent resilience in construction equip margins amid price-cost negativity a reminder of the power of volume leverage and geographic mix; North America is where the end of machine destocking will be most beneficial.”

Barclays reiterates Rivian as equal weight

Barclays says it is concerned about Rivian launching its R2 vehicle in 2026 amid weak EV demand.

“The most focus has been on R2′s path to positive gross margin, especially as R1 has struggled with profitability and investors have questioned whether RIVN can achieve significantly higher margin % on a cheaper car. That said, we also believe there is increasing uncertainty on R2′s volume outlook following the recent negative policy developments with R2 likely launching in a period of weak U.S. EV demand.”

BMO upgrades Crown Castle to outperform from market perform

BMO says shares of the cellular tower company are too attractive to ignore.

“We are upgrading shares of CCI to Outperform from Market Perform and increasing our target price to $120 (+$5).”

BTIG initiates Rocket Companies as buy

BTIG says it is bullish on shares of the retail mortgage lender.

“We’re initiating coverage of Rocket Companies (RKT) with a Buy rating and a $25 price target…”

Bernstein downgrades Li Auto to market perform from outperform

Bernstein says it sees too much rising competition for the China EV company.

“We downgrade Li Auto to Market-Perform and lower our price target for LI.US to US $26.00 (Old: US$33.00).”

UBS initiates Hesai Group at buy

UBS says the China autonomous vehicle company has a “solidifying leadership position.”

“We initiate coverage of Hesai Group with a Buy rating.”

Needham initiates AeroVironment at buy

Needham says the company is a defense leader in the drone sector.

“We are initiating coverage on AeroViroment (AVAV) with a Buy rating and $300 price target.”

William Blair reiterates Tesla as market perform

William Blair said that even though it is bullish on the robotaxi, it sees too many margin headwinds for Tesla.

“Despite our enthusiasm for robotaxi, we acknowledge there is a period of margin headwinds to endure from pending regulatory cuts as part of the [One Big Beautiful Bill]; thus, we maintain our Market Perform rating.”