Top Calls on Wall Street: Tesla, Nvidia, Dell, Affirm, Robinhood & More

Here are the biggest calls on Wall Street on Wednesday:

Wells Fargo reiterates Tesla as underweight

The bank says its Tesla survey checks show deliveries trending up month over month. “Of the 5 mkts we track, Aug TSLA deliveries are trending -4% y/y, though +45% m/m.”

Bank of America reiterates Nvidia as buy

Bank of America says its checks show Nvidia is one of the most owned stocks in its semis coverage. “In SPX, NVDA r emains most-owned semi, ahead of AVGO, then AMD.”

Evercore ISI reiterates Dell as outperform

The investment bank raised its price target on Dell to $650 per share from $575. “Despite the move up in DELL shares, we see room for further appreciation, with the next phase driven by enterprise AI adoption, higher margin attach and continued OPEX leverage. Maintaining our OP and raising our target to $650, with upside at $1,000.”

Loop initiates Affirm at buy

Loop says the buy now pay later platform is a “high quality growth story.” “We are initiating coverage of Affirm (AFRM) with a Buy rating and $105 12-month price target, viewing the company as one of the highest-quality growth stories in consumer fintech.”

StoneX initiates Robinhood at buy

The firm says operating metrics are “accelerating.” “We are initiating coverage of Robinhood Markets (HOOD) with a Buy rating and a $170 price target.”