Here are Tuesday’s biggest calls on wall street
Goldman Sachs Reiterates Apple as Buy, Raises Price Target to $390
Goldman Sachs maintained its Buy rating on Apple (AAPL) and raised its price target to $390 from $360.
The firm noted that memory and component cost inflation and supply constraints remain near-term headwinds. However, recent price increases across iPhone, Mac, and iPad products could support revenue and partially offset cost pressures into the December quarter.
Bank of America Reiterates SpaceX as Buy
Bank of America added SpaceX (SPCX) to its US 1 List of top investment picks, reflecting its bullish view on the company.
Rosenblatt Reiterates Palantir as Buy, Raises Price Target to $260
Rosenblatt maintained its Buy rating on Palantir (PLTR) and raised its price target to $260 from $225 ahead of the company’s November earnings report.
The new target reflects an updated valuation period and remains based on 60x forward earnings.
StoneX Reiterates Intel as Buy Ahead of Earnings
StoneX maintained its Buy rating on Intel (INTC) and its $140 price target ahead of the company’s October 29 earnings report.
The firm remains bullish heading into the results.
DA Davidson Upgrades Broadcom to Buy from Neutral
DA Davidson is bullish on Broadcom’s (AVGO) relationship with Anthropic.
The firm believes Anthropic’s IPO will proceed and provide the company with additional capital, followed by a potential OpenAI IPO next year. These developments could help Broadcom meet its growth expectations over the next several years.
Bernstein Reiterates CoreWeave as Underperform, Raises Price Target to $54
Bernstein maintained its Underperform rating on CoreWeave (CRWV) but raised its price target to $54 from $51.
The firm said the stock has declined since October 14, largely amid concerns about funding and shifting sentiment toward AI investments. Bernstein noted that CoreWeave tends to experience amplified moves as market sentiment changes.
Citigroup Upgrades MercadoLibre to Buy from Neutral
Citigroup upgraded MercadoLibre (MELI) to Buy from Neutral, saying recent share-price weakness has created an attractive entry point.