Here are Tuesday’s biggest analyst calls of the day: Apple, Netflix, Tesla, Meta, Uber, Amazon, Walmart, First Solar & more

Posted By: EN Todayon: October 29, 2024In: Renewable Energy News

Here are the biggest calls on Wall Street on Tuesday: Evercore ISI reiterates Amazon as overweight Evercore says it’s sticking with the stock ahead of earnings later this week. “We see an In-Line & Lower quarter as the most likely outcome for AMZN’s Q3 EPS results.” Evercore ISI reiterates Uber as overweight Evercore says it’s bullish on Uber heading into earnings on Thursday. “Based on intra-quarter data points and our model sensitivity analysis, we believe UBER will likely print a Modest Beat & Bracket Q3.” Janney upgrades First Solar to buy from neutral Janney says the solar company is attractive ahead of earnings on Tuesday afternoon. ” FSLR: Upgrading to BUY from Neutral on Improved Risk- Reward; 3Q24 Earnings Today After the Close Could Provide an Opportunity.” Evercore ISI reiterates Meta as overweight Evercore says it’s sticking with Meta ahead of earnings on Wednesday. “Based on intra-quarter data points and our model sensitivity analysis, we believe META will likely print a modest Beat & Bracket Q3.” Goldman Sachs reiterates Ford as buy Goldman says it’s sticking with Ford following earnings on Monday. “For 2025, we believe economic growth (e.g. housing starts) and lower rates in the US can contribute to relatively stable business conditions, especially if OEMs [original equipment manufacturers] make progress over the next several months on inventory.” Wells Fargo initiates The Trade Desk as overweight Wells says the marketing tech company is well positioned for growth. “We see multiple factors benefiting TTD : AMZN accelerating shift of ad spend to CTV [connected tv], new partnerships ramping & GOOGL distracted w/regulatory woes.” Wells Fargo initiates App Lovin as overweight Wells says the mobile game software company is a share gainer. “We believe the mobile game user acquisition market is large enough for APP to compound 20-30% software revenue growth through 2027.” Citi reiterates Apple as buy Citi says it’s sticking with Apple ahead of earnings later this week. “We believe a prolonged Apple Intelligence software release likely impacts typical iPhone sales seasonality this year. … .That said, we still believe in a strong +9% Y/Y iPhone 17 unit driven upgrade cycle next year once Apple Intelligence software is fully released.” Barclays reiterates Tesla as equal weight Barclays raised its price target on the stock to $235 per share from $220. “As usual, Tesla remains a polarizing stock, with bulls/bears emboldened in their view. While we still see no shortage of questions about future strategy as well as the future trajectory of fundamentals, we believe for now Tesla has achieved a golden balance of steady fundamentals and narrative command.” Barclays upgrades Summit Materials to overweight from equal weight Morgan Stanley reiterates Planet Fitness as overweight Morgan Stanley raised its price target on Planet Fitness to $89 per share from $84 and says investors should buy the dip. “We now expect full-year unit openings at the low-end of prior outlook, but this is more than offset by our improved SSS [same-store sales] forecast.” Bernstein reiterates Walmart as a top pick Bernstein says the big box retailer remains a top idea at the firm. “At the stock level, WMT is our top pick (Outperform, TP $95.00) as we expect the company to leverage its scale to offer great value to consumers and to grow e-commerce profitably.” Citi upgrades Coca-Cola Femsa to buy from neutral Citi said the Mexican Coca-Cola company is well positioned. “We upgrade KOF to Buy. KOF has been sustaining strong operational performance in 2024, boosted by both Brazil and Mexico.” TD Cowen downgrades Tapestry to hold from buy TD Cowen said in its downgrade of Tapestry that it’s downgraded the owner of Coach on valuation. “Meanwhile, we are cautious on lack of upside on muted China and U.S. consumer trends, double-edged M & A risk factors on pending CPRI deal, and portfolio platform strategy.” Mizuho initiates Evergy as outperform Mizuho says the electric services utility company is best positioned for growth. “We are initiating on EVRG with an Outperform rating and a $67 PT.” Stephens upgrades Regionals Financial to overweight from equal weight Stephens says the regional bank is undervalued. “With that no longer the case, we now see Regions as undervalued at 10.0x 2026 estimates relative to an estimated ROA of 1.29%. Accordingly, we are raising our rating on RF to OW from EW.” Guggenheim reiterates Netflix as buy Guggenheim raised its price target on the stock to $825 per share from $810. “We raise our operating income outlook for 2025 with our 29% margin estimate above 28% guide. Our 9% 2025 cost growth includes an acceleration in content, marketing and technology spend as Netflix further invests in its core streaming advantage and expanding advertising and gaming initiatives.” Guggenheim initiates Six Flags as buy Guggenheim says the theme park company is well positioned for growth. “We are initiating coverage of Six Flags Entertainment (FUN) with a BUY rating and $52 price target.” Mizuho reiterates Robinhood as outperform Mizuho raised its price target on the stock to $29 per share from $24. “We expect the continued heightened market activity and volatility to help HOOD show strong trading results when reporting on Wednesday. We are updating our model using actual July & August monthly metrics; raising 3Q, 4Q and medium-term estimates.” Barclays initiates Arcosa as overweight Barclays says it’s bullish on the construction engineering company. “We launch coverage with an Overweight (OW) rating. We generally favor less complex stocks but ACA is on a long-term path to achieve that. It has a credible CEO whom we’ve followed in a past-life (i.e. in chemicals) and in the six years ACA has been public the strategy has been consistent.”