Top Calls on Wall Street: AMD, Super Micro, Pinterest, Rivian, Tesla, Alphabet, and More

Here are the biggest calls on Wall Street on Wednesday:

UBS reiterates AMD as buy

UBS raises its price target to $300 per share from $265 ahead of earnings on Tuesday.

“With its first Analyst Day since before ChatGPT taking place next week, there wasn’t likely to be a ton new at earnings to swing the debate - and that was indeed the case. Set against the rally in shares into this report, we could see a pullback tomorrow. That said, we would not get cute here ahead of the Analyst Day because AMD probably lays out a path of $15-20 in EPS later this decade and AWS is probably still out there as a catalyst too.”

Bank of America reiterates Pinterest as buy

The bank says Pinterest shares are oversold but that’s standing by the stock following earnings.

“We roll forward our valuation framework to 2027 EBITDA estimates and lower our PO to
$39 from $44 based a lower 14x multiple , reflecting lower out year growth. We think bigger buybacks could be a sentiment positive at current levels.”

Wedbush reiterates Tesla as outperform

Wedbush says it’s sticking with the stock ahead of Thursday’s shareholder meeting.

“We expect Musk to get overwhelming shareholder approval on the potential $1 trillion pay package despite some opposition from various shareholders/ISS and send a loud and clear message to Elon being “wartime CEO” during this most important chapter of growth in Tesla’s history as the AI Revolution is here. We maintain OUTPERFORM and $600 PT.”

Morgan Stanley reiterates Alphabet as overweight

Morgan Stanley says Alphabet’s Google Cloud could grow “50%+ in 2026.”

“We view Google Cloud growth as continued driver of GOOGL multiple expansion and AI-driven outperformance. Remain OW, $330 PT.”

Melius reiterates Broadcom and Nvidia as buys

Melius says Broadcom and Nvidia are cloud capex leaders.

“We just raised our 2026 and 2027 estimates for cloud capex (6 companies) by $85B and $192B, respectively, with 50%+ of that upside to be spent on compute/networking. Nvidia takes the biggest chunk of that, followed by Broadcom.”

Loop reiterates Super Micro as buy

Loop says it remains bullish on the stock following earnings on Tuesday.

“Reiterating our Buy and $60 PT post SMCI’s Sep Q EPS as our FY2027 EPS doesn’t change
($3.00) ’tho the complexion of getting there has.”

Goldman Sachs reiterates Rivian at neutral

Goldman says it’s sticking with its neutral rating following Rivian’s earnings.

“We maintain our Neutral rating on the stock. We believe the progress the company made with COGS [cost of good sold] was a positive, as COGS declined to $96K per vehicle (down about $22K qoq and $19K yoy) driven by material cost reductions.”

Evercore ISI upgrades Yum! Brands to outperform from in line

Evercore says the owner of brands including KFC and Taco Bell is in “rarified air.”

“With an anticipated sale of Pizza Hut, our 2027e EPS drops from $7.64 to ~$7.10. That said, after the spin-off, we are modeling higher — and more consistent — profit growth and EPS of 9% and 13%. This sort of performance and visibility would place YUM in rarified air in the consumer space which could cause a valuation to eclipse our targeted 25x.”