Here are Tuesday's biggest analyst calls of the day: Nvidia, Apple, CoreWeave, Broadcom, Tesla, Amazon & more

Wall Street analysts issued a mix of ratings adjustments, with Bank of America reiterating buys on Apple and Palantir, citing App Store growth and AI positioning respectively, but downgrading DraftKings to neutral due to multiple negative catalysts including sports outcomes and tax headwinds. Jefferies reiterated buys on Broadcom and Nvidia, raising price targets, while upgrading Red Rock Resorts. Barclays maintained an equal weight on Tesla ahead of a critical shareholder vote on CEO compensation. Other notable moves included Evercore ISI downgrading Kimberly-Clark to in line, and upgrades for Knife River, Inspire Medical, WM, and Napco Security, reflecting specific company performance or market opportunities.

Analysis

Wall Street analysts issued several rating adjustments, with a notable bullish sentiment towards AI-leveraged companies and specific growth stories. Bank of America reiterated Buy ratings for Apple, citing 8.8% year-over-year App Store revenue growth, and Palantir, positioning it as a key AI beneficiary with a raised price target to $255 (from $215). Jefferies also reiterated Buy ratings for Broadcom and Nvidia, increasing price targets to $480 (from $415) and $240 (from $220) respectively, highlighting "estimate upside" for Broadcom.

Conversely, Bank of America downgraded DraftKings to Neutral from Buy due to multiple negative catalysts, including Q3/Q4 sports outcome volatility, iGaming underperformance, and persistent state tax headwinds. Evercore ISI downgraded Kimberly-Clark to In Line from Outperform, expressing concerns about rising competition despite acknowledging the strategic Kenvue deal.

Other upgrades included Wells Fargo on Knife River and Inspire Medical, Baird on WM, and Jefferies on Red Rock Resorts, often citing "buy the dip" opportunities or strong quarterly performance. Mizuho also reiterated a Buy on Amazon, raising its price target to $315 (from $300) post-Q3 commentary and the OpenAI deal.

Barclays maintained an Equal Weight rating on Tesla, emphasizing the criticality of the upcoming shareholder vote regarding CEO compensation and ownership, which could solidify the path to Elon Musk's desired ~25% ownership.

Key Decisions for Investors

• Consider increasing exposure to AI-centric companies like Palantir, Broadcom, Nvidia, and CoreWeave, given strong analyst conviction and raised price targets.
• Exercise caution or re-evaluate positions in DraftKings due to multiple identified negative catalysts and potential earnings volatility.
• Monitor the upcoming Tesla shareholder vote closely, as its outcome could significantly impact governance and CEO ownership, influencing long-term investment theses.
• Evaluate "buy the dip" opportunities in companies like Knife River, WM, and Red Rock Resorts, where recent underperformance may present compelling risk-reward profiles according to analysts.