Here are Wednesday’s biggest analyst calls: Nvidia, Apple, Tesla, Marvell, Affirm, Broadcom, Meta & more
Here are Wednesday’s biggest calls on Wall Street: Wells Fargo reiterates Apple as overweight Wells said it’s bullish ahead of earnings later this month. “We’re positive on AAPL i nto F2Q26 earnings (4/30) – iPhone demand holding up better-than-expected / share gains + iPhone 17e ramp; continued double-digit services growth. Reiterated Overweight; $300 PT.” Goldman Sachs downgrades SolarEdge to sell from neutral Goldman downgraded the solar company on valuation. “…while we downgrade SEDG on the back of elevated expectations and challenging valuation.” Wells Fargo upgrades CRH to overweight from equal weight Wells said shares of the construction materials company are oversold. “We upgrade CRH to Overweight on the view shrs look oversold, with European risks overstated.” Deutsche Bank reiterates Meta as buy Deutsche said it sees “advertising revenue growth acceleration.” “It is becoming increasingly clear that Meta’s investments in AI are yielding ever increasing returns for advertisers, which in turn is supporting not only top-line durability, but also advertising revenue growth acceleration.” Jefferies initiates Autodesk as buy Jefferies said Autodesk is best positioned for agentic AI. “With trough valuation and solid fundamentals, we see an attractive risk/reward at current levels.” UBS initiates Royal Gold as buy UBS said shares of the gold company are compelling. “We initiate coverage with a Buy rating on Royal Gold (RGLD) as we think the company offers an attractive combination of low-risk, more reliable leverage to gold price upside vs many gold miners and near-term/medium-term volume growth that is not priced into the stock.” JPMorgan reiterates Broadcom as overweight JPMorgan said it’s bullish on the Broadcom’s partnership with Meta . “Expanded Meta Partnership Drives Confidence In A Strong Multi-Year Revenue Ramp.” Citi reiterates Nvidia as buy Citi said it came away from Nvidia’s Quantum Day feeling even more bullish. “NVIDIA hosted a virtual Quantum Day with presentations from the quantum community and unveiled NVIDIA Ising, a family of open models for building better, more reliable qubits.” Citi initiates Zoetis and Elanco as buy Citi said both animal health stocks have plenty of upside. “In our view , ZTS has a long runway for growth driven by the company’s leadership in key franchises and a capital-efficient R & D engine. … .We have been impressed by ELAN’s re cent turnaround, driven by strong pipeline execution, with standout performance in parasiticides and dermatology.” Citi adds a positive catalyst watch on Affirm Citi added a positive catalyst watch on the fintech payment company ahead of its investor forum day in May. “We are assigning an Upside 90-Day Catalyst Watch on AFRM ahead of its scheduled Investor Forum on 5/12 as we expect management to refresh medium-term KPI [key performance indicators] targets set at its Nov-2023 Investor Forum that the company has since sustainably outperformed.” TD Cowen initiates Navan as buy TD Cowen said the global business management travel platform is firing on all cylinders. “We initiate on NAVN with a Buy rating and an $18 PT…” Oppenheimer reiterates Marvell as outperform Oppenheimer raised its price target to $170 per share from $150. “MRVL is a key enabler of AI. MRVL pivoted from consumer/storage towards high-growth AI, cloud, and 5G markets after several acquisitions” Read more. Piper Sandler upgrades Cloudflare to overweight from neutral Piper said it sees a “great” entry point for the cloud stock. “We have long-viewed Cloudflare as one of our favorite long-term stories given where infrastructure is heading, Cloudflare’s execution, & the power of this true platform approach.” Read more. Mizuho upgrades American Tower to outperform from neutral Mizuho said American Tower has an undervalued data center business. “We see two drivers of multiple re-rate, driving our Outperform rating and $205 price target.” DA Davidson upgrades Symbotic to buy from neutral DA upgraded the warehouse automation company after a meeting with company management. “While we have been appreciative of SYM’s moat since we launched coverage on the company in May 2022, our time spent with SYM management, including Chief Technology Officer, James Kuffner, gave us a deeper appreciation as to how the company has been evolving its technology stack and data-enabled innovation flywheel…” Citi initiates OSI Systems as buy Citi said the stock is a “Global Security Compounder.” “We view OSIS as both defensive and offensive in the current A & D backdrop.” Barclays reiterates Tesla as equal weight Barclays said it has a “tempered” view of Tesla earnings next week. “We believe the YTD weakness could imply on the surface an opportunity for the stock to outperform on results. However, we take a more tempered view into the print, as commentary of incremental capex (and thus further negative FCF) could be perceived negatively.” Citi upgrades Adient to buy from neutral Citi said buy the dip in the auto supplier stock. “While we don’t now expect a significant change in 2026 guidance given the geo-political risks, at current trading levels the stock is valued at a 25-30% discount to the rest of the Supplier Group. We upgrade ADNT to Buy with a $33 price target and initiated a 90-day upside catalyst watch.”
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