Here are Tuesday’s biggest calls on Wall Street: D.A. Davidson upgrades Okta to buy from neutral DA said in its upgrade of Okta that the identity and access management company has growth upside. “Double-digit growth now seems durable, and we are thus upgrading shares to BUY & raising our PT from $90 to $125.” KeyBanc upgrades Nordson to overweight from sector weight KeyBanc said it sees a “rare entry point” for the adhesives company. “We are upgrading NDSN to Overweight (from Sector Weight) and establishing a price target of $260. Baird adds a bullish fresh pick on Planet Fitness Baird said the fitness company is an “attractive stock for uncertain backdrop.” “We are adding a new Bullish Fresh Pick for PLNT , given what we view as a more attractive entry following last week’s earnings report and sell-off…” Bernstein reiterates Nvidia as outperform Bernstein said the selloff in Nvidia shares is overdone and that the stock is “so back.” “Nevertheless, worries that the AI trade is ‘over’ feel a little premature to us, and valuation is getting increasingly attractive. Compass Point upgrades Acushnet to buy from hold Compass Point said the golf company is seeing strong demand. “The demand for golf equipment, balls, and gear continues to be strong.” Evercore ISI reiterates Marvell as outperform Evercore said the stock is well positioned heading into earnings on Wednesday. “We are buyers of MRVL heading into JanQ report and see the EPS set up as positive.” Deutsche Bank downgrades JetBlue to hold from buy Deutsche said in its downgrade of the airline that it’s concerned about declining revenue. “Therefore, we are rethinking one element of our overall thesis which calls for domestic unit revenue to outperform in 2025, and as such, lowering our ratings on airlines that we believe are most exposed to the emerging trend. In that regard, we are lowering our rating on both the shares of Frontier and JetBlue for Buy to Hold…” Citi upgrades Medtronic to buy from neutral Citi said it sees growth upside for the medtech company. “Raising MDT to Buy from Neutral growth drivers come into view” Stifel upgrades Scotts Miracle-Gro to buy from neutral Stifel said the fertilizer company is undervalued. “We believe the recent underperformance disproportionately overweights universal macroeconomic concerns despite SMG boasting key points of differentiation alongside adverse January/February with the latter a headwind, but in relatively inconsequential months.” Citi upgrades LabCorp to buy from neutral Citi said the diagnostics company is “well positioned.” “In the Labs industry, utilization rates have been running high post-pandemic with no signs of slowing down and believe LH is well positioned to capitalize on that through its core diagnostics business.” Bank of America reiterates Tesla as neutral Bank of America cut its price target on Tesla due to “slower growth and catalysts slipping.” “Given the slower growth and rising risks, we now value the Automotive business at 9x EV/EBITDA in our sum-of-the-parts (SOTP) analysis. In addition, we also raise the cost of equity for each business segment by ~100bp due to the aforementioned factors. Our PO [price offering] subsequently drops to $380 from $490.” UBS reiterates Sunrun as buy UBS said it’s sticking with the solar stock following earnings. “We maintain our Buy rating on RUN with a leading market share in residential solar as the country addresses load growth needs and increasing battery attach rates, which we expect to continue.” Bank of America upgrades Vistra Energy to buy from neutral Bank of America said investors should buy the dip in the electric energy company. “We raise our rating on Vistra Corp. (VST) to Buy from Neutral following the stock’s underperformance resulting from the lack of datacenter news.” MoffettNathanson upgrades Roku to neutral from sell The firm said Roku’s results will “be strong and better than expected in the near term.” “While we have decided to once again change our rating from Sell to Neutral, our long-term thesis on Roku has not changed from then to today. Instead, this upgrade is founded in the belief that Roku’ s results will be strong and better than expected in the near term, and it is hard to fight momentum… for now.” Bank of America upgrades Sabre to buy from neutral The firm said it sees a “convincing outlook” for the travel company. “We upgrade Sabre to Buy from Neutral as we believe near-term risks on disintermediation and share loss have further eased.” Loop reiterates Disney as buy Loop said it’s standing by shares of Disney and that guidance appears too “conservative.” The firm also raised its price target on the stock to $130 per share from $125. “The F2025 guidance appears conservative, implying the next 9 months EPS is down YoY. Assuming Snow White, an expensive title with mixed early reception being released later this month is not a problem, we think guidance and estimates should rise.
