Analyst calls on Wall Street continue to shape the market sentiment. Here’s a rundown of Tuesday’s biggest upgrades and initiations:
Several top analysts upgraded or initiated stocks including Nvidia, Chipotle, Starbucks, Micron, and Five Below. Goldman Sachs raised its target price for Clearwater Analytics to $27, while Piper Sandler upgraded Chipotle to overweight from neutral. Morgan Stanley also upgraded Monday.com and Resideo Technologies to overweight, citing their growth potential.
Bank of America maintained its buy rating on Nvidia, citing the favorable deal for chip export licenses. BMO initiated Assurant as outperform, expecting hefty positive EPS revisions. Loop upgraded Five Below to buy, saying investors are underestimating earnings power. JPMorgan reiterated Micron as overweight, increasing its price target to $185.
Piper Sandler also upgraded Palo Alto Networks to overweight, citing positive catalysts ahead. Bank of America maintained its buy rating on American Express, expecting a one-time bump in variable consumer engagement costs from the Platinum card refresh. Meanwhile, Guggenheim reiterated its sell rating on Tesla, citing caution on full self-driving capabilities.
These analyst calls highlight the mixed market sentiment, with some stocks gaining upgrades and others facing downgrades. Investors should keep an eye on these developments as they impact the trading landscape.
Source: https://www.cnbc.com/2025/08/12/stocks-from-analyst-calls-tuesday-like-nvidia.html