Top Calls on Wall Street: Nvidia, Tesla, AMD, Arm, Blackberry, Reddit, Take-Two, Barclays & more

Here are Wednesday’s biggest calls on Wall Street:

Seaport reiterates Nvidia as sell

Seaport says it’s sticking with its sell rating on the stock.

“We think the growing burden on (and off) Nvidia’s balance sheet, as well as Broadcom’s announcement
that it is also joining the circular-financing boom, demonstrates that the industry faces mounting financing constraints. Put another way, the big suppliers need to step in because it is getting harder for the industry to finance the cost of construction.”

RBC reiterates Tesla as outperform

RBC says it’s sticking with the stock ahead of Tesla delivery numbers.

“We estimate Tesla deliveries of 405k in Q2/26, above the Visible Alpha consensus of 401k. We expect Tesla to report deliveries in the next two weeks.”

UBS reiterates Advanced Micro Devices as buy

UBS raised its price target to $670 per share from $470.

“We are incrementally more constructive on AMD as standalone CPU racks gain traction...”

TD Cowen reiterates Arm as buy

The firm raised its price target on the stock to $475 per share from $265.

“We think ARM’s $15B FY31 AGI CPU target is reasonable, though GPU:CPU attach and pricing per core remain the key variables. We are more constructive on the IP side than on Street chip expectations, where 15% share may be applied too mechanically to NVIDIA’s $200B CPU TAM.”

Stifel initiates Blackberry as buy

Stifel says shares are undervalued.

“Despite the +130% YTD move, we believe the market still misdefines BlackBerry. This is no longer an auto-supplier story, but rather a mission-critical software layer in the physical AI stack and a dominant partner to silicon leaders like NVIDIA, Qualcomm, and AMD powering the build-out from cloud to edge, across cars, robots, factories, and medical devices.”

Needham reiterates Reddit as buy

Needham says the company is unique.

“RDDT has a rare competitive position in the marketplace, so it ‘makes its own weather’ (as AAPL would say), and it’s largely immune from the Agentic maelstrom...”

BTIG initiates Take-Two Interactive as buy

The firm says the video game company is firing on all cylinders.

“We’re launching coverage of Take-Two Interactive with a Buy rating and a $290 PT.”

Berenberg initiates Barclays as buy

Berenberg says it sees margin gains.

“Barclays’ returns story still has legs, in our view, and we see room for continued share outperformance versus the sector.”

Goldman Sachs initiates Twilio as buy

Goldman says it sees margin upside.

“We initiate coverage of Twilio (TWLO) with a Buy rating and a 12-month price target of $300.”

KeyBanc upgrades Nucor to overweight from sector weight

KeyBanc says buy the dip in “compelling” Nucor.

“We are upgrading NUE on a stronger 2H26 outlook...”