On Wednesday, Wall Street is buzzing with big updates from analysts as major companies change their ratings and price targets for the top tech and retail stocks. These are some of the top Wall Street analyst calls that investors are watching closely. Bank of America and UBS both raised their price targets for Nvidia. This shows that they think the company will have a lot of demand and be able to grow faster than any other chipmaker. Nvidia’s stock is still a good buy, with new price targets of $275 and $235. This shows that investors are confident that its earnings will grow faster than those of its competitors.
Bank of America raised its price target for Apple to $320 because the company’s strong ecosystem and brand continue to give it an edge over its competitors. Tesla’s price target went up to $471. Nonetheless, there are still worries about the company’s high valuation.
Bank of America raised its rating on Wayfair, a major player in the retail industry, from neutral to buy. The bank said this was because the company’s growth is faster than the rest of the industry. UBS also raised Victoria’s Secret to “buy,” saying that the company has strong operating leverage and good prospects for earnings growth.
Loop still thinks Amazon is a good buy because they think AWS revenue will grow faster. Retail sales will keep going up before the company’s earnings report.
Bank of America gave Datadog a buy rating in the software and biotech sectors, raising its price target to $180. This shows that the bank trusts the cloud monitoring company’s ability to carry out its plans. Palantir got an outperform rating from Wedbush, and biotech companies Supernus Pharmaceuticals and Viking Therapeutics both got new buy ratings.
These analyst calls show that investors are still interested in technology, retail, and healthcare stocks. This interest remains as earnings seasons approach and many factors come into play.
