Top Calls on Wall Street: Apple, Qualcomm, Amazon, Palantir, Reddit, Microsoft & More

Here are Tuesday’s biggest calls on Wall Street:

Wells Fargo initiates Vistra Energy as overweight

Wells said the utility and energy company is well positioned.

“We are initiating coverage of VST with an Overweight rating, as it fits within the absolute call on IPPs [independent power producer]—similar story to our Best Idea CEG, but with slightly longer dated catalyst path.”

Deutsche Bank reiterates Reddit as buy

Deutsche said it’s bullish on the stock ahead of earnings on Thursday.

“While Google-related referral traffic concerns remain, internal initiatives appear to be a focus, potentially giving Reddit more control of user growth including 1) the new marketing strategy (both brand and performance), and 2) partnerships with publishers, such as with video game news sites and other referral surfaces, which combined should further stabilize user growth.”

Mizuho initiates Domino’s Pizza as outperform

Mizuho said Domino’s is best positioned.

“High visibility into Q4 and 2026 SSS growth expectations as carryout’s growing relative affordability sustains transaction growth and as third-party delivery rollout offsets delivery headwind.”

Wells Fargo initiates NextEra Energy as overweight

Wells says the energy company is undervalued.

“We don’t ascribe to the bear arguments that we think have pressured valuation/performance for most of 2025. We see tax credit roll-off as manageable, & the diversity of NEE’s businesses can sustain a premium earnings growth into the LT.”

UBS upgrades Upwork to buy from neutral

UBS said the online labor marketplace is underappreciated.

“We are upgrading Upwork to Buy with a $21 price target.”

Baird reiterates Apple as outperform

Baird said it’s bullish ahead of Apple earnings on Thursday. The firm raised its price target to $280 per share from $230.

“Expect solid FQ4 results/guidance. It’s still early in the iPhone 17 cycle, but early indicators appear to be directionally supportive, including solid upgrade rates posted by AT&T/T-Mobile last week. However, the bigger focus is likely to be the December-quarter outlook, and we’d note that current estimates look potentially conservative based on historical sequential seasonality”

UBS reiterates Amazon as buy

UBS raised its price target on Amazon ahead of earnings on Thursday.

“We raise our price target to $279 from $271 as we roll forward our valuation parameters by one quarter.”

Citi initiates Gold Fields as buy

Citi said the metals company is a beneficiary of higher gold prices.

“We believe GFI should trade at higher multiples due to: well capitalized assets now which means unlike the previous gold bull cycles, benefits of higher gold prices should lead to higher FCF generation rather than increase in capex...”

Oppenheimer initiates TeraWulf as outperform

Oppenheimer said the bitcoin miner is a “Direct Play on AI Digital Infrastructure Undersupply.”

“Initiating on WULF with an Outperform rating and a $20 price target.”

Bank of America reiterates Qualcomm as buy

The firm said it’s standing by the stock head of earnings next week.

“Qualcomm’s push into the data center market strengthens its diversification roadmap, building on past success in the automotive and IoT markets.”

Citi reiterates Palantir as neutral

Citi raised its price target on Palantir ahead of earnings week to $190 per share from $177.

“Our intra-Q checks from partners and customers were positive, including checks from Oracle and Snowflake conferences intra-Q, where partners reported uptick in collaborative deals.”

Evercore ISI reiterates Microsoft as outperform

Evercore said it’s sticking with the stock heading into earnings on Wednesday.

“Capex growth should remain healthy and reflect tight capacity for AI infrastructure. Our sense is that Microsoft will note that capacity ‘remains tight’ and the company will continue to invest against AI demand signals.”