Top Calls on Wall Street: Nvidia, Apple, Tesla, Microsoft, Micron, Western Digital, and More

Here are the biggest calls on Wall Street on Tuesday:

Goldman Sachs reiterates Nvidia as buy

Goldman says it’s bullish on Nvidia’s healthcare efforts.

“NVDA’s healthcare efforts date back 18 years, from when the company was reinventing itself from computer graphics to accelerated computing and building full stack computing platforms that are domain specific.”

Barclays reiterates Apple as underweight

Barclays says it’s standing by its sell rating on the tech giant.

“We remain UW on AAPL on an uncertain growth backdrop, regulatory risks in Services, undefined AI strategy, and a premium valuation”

Canaccord reiterates Tesla as buy

Canaccord lowered its price target on the stock but says it’s sticking with Tesla.

“Other Mag 7 stocks are now trading at more depressed multiples relative to our previous Tesla update ~16x from ~21x 2028E EPS previously. As a result we are lowering our Tesla multiple while keeping 2028 estimates intact. We now apply a ~37x multiple (from ~46x) to our $11.30 in 2028E non-GAAP EPS to achieve a price target of $420 (from $520).”

Wells Fargo reiterates Microsoft as overweight

Wells says it’s bullish on the stock ahead of earnings.

“See margin & capex commentary as the EPS focal point, where MSFT likely emphasizes commitment to margins despite capex likely above St—to keep pace w/ peers on AI capacity. We est capacity build yields sustained high-30s % Azure rev growth thru FY28.”

Citi reiterates Micron as buy

Citi lowered its price target to $425 per share from $510.

“That said, Micron and its memory peers have begun negotiations with the hyperscalers on 3-5 year strategic or long-term agreements to lock in base volumes, pre-payments, and adjustments to quarterly pricing based on market conditions, which should provide support to contract prices, in our view. We believe spot prices have pulled back on TurboQuant concerns to memory demand.”

Bernstein upgrades Western Digital to outperform from market perform

Bernstein says shares are too attractive to ignore.

“We upgrade WDC to Outperform on the back of the recent sell-off which provides an attractive entry point.”

Truist initiates Arista Networks & Cisco as buy

Truist says it’s bullish on both stocks.

“High quality, business scale, thematically attractive, with upside: DLR, EQIX, ANET, MSI. Underappreciated opportunity: CSCO, HPE, AMT.”

Loop initiates Visa and Mastercard as buy

Loop says both credit card stocks are well positioned.

“Through the many avenues to generate new transactions, including market share wins, we expect MA net revenue growth to far exceed the payment processors. ... V could also see upside related to FX volatility revenue returning, boosting yields.”

Jefferies upgrades Amphenol to buy from hold

Jefferies says shares of the connector supplier are compelling.

“We assume coverage of APH and upgrade to Buy.”