Here are the biggest calls on Wall Street on Tuesday:
Cantor Fitzgerald reiterates SpaceX as overweight
Cantor said it's bullish ahead of earnings on Tuesday after the bell. "We are constructive on OW-rated SPCX i nto 3Q26 earnings due to what view as material upside to 2027 buyside expectations, faster- than-expected handset ambitions, and increased crowding around 'defensive risk.'"
Morgan Stanley names Seagate a top pick
Morgan Stanley raised its price target to $1,200 per share from $1,187. "We reiterate OW on STX /WDC, reinstate STX as Top Pick, and see WDC as the more favorable tactical name into earnings."
Loop downgrades Apple to hold from buy
Loop said that the stock needs a "fundamental catalyst reset." "The gist is that when AAPL previously reduced its Sep Q & Dec Q iPhone unit ships by 10% we believed they would be in a position to make up many (if not most) of these units through CY2027 as the reductions were supply related (memory & processors) & not demand related.This no longer appears to be the case." Read more.
TD Cowen upgrades BlackRock to buy from hold
TD Cowen said it sees meaningful EPS growth for BlackRock. "After languishing for much of '26, we believe 3Q26 marks a powerful inflection that should result in superior absolute and relative outperformance."
BMO reiterates Alphabet as buy
BMO raised its price target on Alphabet and says it remains a top pick. "While we raise 2027E CapEx to $325B, we believe GOOGL's full-stack capabilities and distribution support durable earnings growth. Reiterate Outperform, Top Pick, and raise our Target Price to $480 from $465."
Piper Sandler reiterates Nvidia as overweight
Piper said it's sticking with the stock but that its checks with investors is mixed. "On NVDA , while investors struggle to identify a catalyst, value investors are doing more work on the name."
HSBC reiterates CoreWeave as reduce
The firm said it sees more "value destruction" for CoreWeave. "Debt market woes and moderating LLM revenues exacerbate structural concern." Read more.