Here are the biggest calls on Wall Street on Tuesday:

UBS upgrades Tesla to neutral from sell

UBS said the EV maker is trading at a more reasonable level.

“Current levels more evenly balance near-term demand challenges and investment period with the long-term physical AI opportunity, in our view. We think TSLA stock trades more on sentiment, narrative and momentum than fundamentals.”

Bank of America reiterates Apple as buy

The firm raised its price target on Apple to $325 per share from $320.

“As we head into F2Q26 (Mar Q) earnings after market close on Thur Apr 30th, we see upside to Street estimates given continued strong sales of iPhone, double-digit growth in Services revs and benefit from FX.”

Goldman Sachs reiterates Amazon as buy

Goldman lowered its price target to $275 per share from $280 ahead of Amazon earnings.

“Taken in total, we would frame the upcoming quarterly report as one in which investors remain focused on: 1) any rate of change in terms of AWS revenue growth (both reported revenues and backlog) and how it translates into a read on return on capital investments; 2) how rising energy prices might impact either transportation/logistics input costs and/or forward consumer demand in coming quarters.”

Evercore ISI initiates SanDisk at outperform

Evercore said the company is a “structural AI beneficiary.”

“We are initiating coverage of Sandisk (SNDK) with an Outperform rating and $1,200 Target Price”

UBS upgrades Ford to buy from neutral

UBS said the auto maker has earnings power.

“We upgrade F to Buy and retain our $15 PT.”

Deutsche Bank upgrades General Motors to buy from hold

Deutsche says it sees a compelling entry point.

“Following the recent pull-back in the stock, we upgrade GM from Hold to Buy, viewing this as an attractive entry point to gain exposure to a potential multi-year re-rate story.”

Piper Sandler downgrades SAP to neutral from overweight

Piper downgraded several software stocks, citing a tough macroeconomy.

“Over the last few decades, software has undergone transitions (e.g., mainframe to PC, client-
server, on-prem to cloud), but the SaaS [Service as a Software] to AI transition today is happening on a compressed timeline. We are adjusting PTs for certain names in our list to reflect lower multiples ahead of 1Q26 earnings. We are also downgrading three names to Neutral: SAP, MNDY, & ASAN.”

Evercore ISI initiates Fastly at outperform

Evercore said the stock is a “durable reacceleration story.”

“Fastly kicked off CY26 at an inflection point, as the narrative has shifted from slowing, delivery-driven growth and profitability skepticism to higher-quality growth supported by stronger execution and a structural platform shift with FSLY well positioned to become the embedded infrastructure for AI-native apps.”

Piper Sandler upgrades Biogen to overweight from neutral

The investment bank sees a “return to growth.”

“We are upgrading Biogen to Overweight from Neutral and raising our PT to $214 from $177.”