Here are the biggest calls on Wall Street on Tuesday: Evercore ISI reiterates Apple as outperform Evercore says it’s sticking with Apple heading into earnings on May 1. ” Apple’s stock price in the near-term will be driven by geopolitics, but we expect AAPL should be able to execute on a host of mitigation strategies to offset the tariff impact over time. Maintain Outperform and $250 target.” Rosenblatt initiates Trade Desk as buy Rosenblatt says it’s bullish on the ad tech company. “We also see upside potential from the recent AdTech antitrust decision against Google. We believe TTD can recover some of its valuation.” Piper Sandler reiterates Nvidia as overweight Piper said in a note on Tuesday that despite Nvidia’s China concerns, the chip giant maintains good relationships with customers and that it’s standing by the stock. “Overall, we continue to view NVDA as our top large cap pick in our coverage universe.” Jefferies initiates Matson as buy Jefferies says the shipping and logistics company is compelling. “We initiate on Matson with a Buy and $125 target.” UBS reiterates Amazon as buy The firm lowered its price target on Amazon ahead of earnings and says it’s “taking a conservative stance due to potential demand destruction.” “We maintain our Buy rating and lower our price target to $253 from $272. UBS upgrades Crane to buy from neutral UBS says the industrial products company is well positioned in a choppy macro. ” CR’s strong margin performance during the Covid pandemic and corresponding global supply chain chaos, which included net positive price/cost, gives us confidence in its ability to mitigate and work through current tariff headwinds.” Redburn Atlantic Equities reiterates Tesla as sell Redburn says the automaker is still “spending for growth” and that it’s standing by its sell rating on Tesla. “Despite an imminent new vehicle launch, we expect another year of volume declines and cash flow strain.” TD Cowen downgrades Hims & Hers to hold from buy TD Cowen says it sees a lack of catalysts for the health and wellness digital platform company. “We move to the sidelines as near-term upside may be limited but we like the story for the long-term as HIMS remains committed to making healthcare accessible for all.” Barclays reiterates GE Vernova as overweight Barclays says GE Vernova is “one of the most attractive” stocks in the current environment. “We think GEV remains one of the most attractive MI [multi industry] stocks in this environment, with a long up-cycle ahead and relatively limited near-term earnings risk.” JPMorgan reinstates Qualcomm as overweight JPMorgan reinstated coverage of Qualcomm and says it has “robust smartphone revenues.” “While there are near-term concerns around the pull-forward of smartphone demand, both from the channel as well as by consumer upgrades, that are leading us to be cautious in relation to the near-term financials for the company, we remain convinced around the long-term opportunity for the company in relation to a re-rating stemming from a successful diversification from smartphone revenues.” CFRA upgrades Netflix to strong buy from buy CFRA says the streaming giant remains well positioned. “We think Q1 2025 operating results reinforce our view that NFLX has a unique competitive position. Worries about geopolitical risks and trade tariffs specifically did not put a dent in NFLX’s fundamental results in Q1 2025 or guidance outlook for Q2 2025. The company does not have any direct exposure to China.” Morgan Stanely reiterates Block as overweight Morgan Stanley says the payment fintech’s shares are compelling. “We view XYZ’s valuation as attractive, particularly given low bar for growth reacceleration & potential for better-than-expected cost savings.” H.C. Wainwright initiates Strategy as buy The Wall Street firm says the crypto company is a great way to gain exposure to bitcoin. “We view MSTR as one of the most compelling public equity investments available to investors seeking to gain levered upside exposure to BTC, the best performing asset class of the past decade, and an asset that we believe is poised to rally in 2H25 based upon multiple near-term positive catalysts and our extensive analysis of Bitcoin’s historical four-year price cycles.” Bank of America upgrades Upstart to neutral from underperform Bank of America says the risk/reward looks more balanced for the online lending marketplace. “We upgrade Upstart to Neutral (from Underperform), as we think risk-reward is more balanced at current levels.” Bank of America upgrades Chord Energy to buy from neutral The firm says it sees “catalyst rich path” for the energy company. “Given weakening near-term oil macro that risks WTI falling below $60 per barrel, we see risk of CHRD decreasing activity as soon as 1Q25 results to preserve its strong balance and potentially utilize additional free cash flow in a buyback.” Bank of America upgrades Diamondback Energy to buy from neutral Bank of America says the energy company has “value and defense.” “Within the largest and most liquid caps in our coverage universe we believe that Diamondback offers the best combination of value and defense.”
