Here are the biggest calls on Wall Street on Tuesday:

Evercore ISI reiterates Apple as outperform

Evercore says it’s sticking with Apple heading into earnings on May 1.

“Apple’s stock price in the near-term will be driven by geopolitics, but we expect AAPL should be able to execute on a host of mitigation strategies to offset the tariff impact over time. Maintain Outperform and $250 target.”

Redburn Atlantic Equities reiterates Tesla as sell

Redburn says the automaker is still “spending for growth” and that it’s standing by its sell rating on Tesla.

“Despite an imminent new vehicle launch, we expect another year of volume declines and cash flow strain.”

Piper Sandler reiterates Nvidia as overweight

Piper said in a note on Tuesday that despite Nvidia’s China concerns, the chip giant maintains good relationships with customers and that it’s standing by the stock.

“Overall, we continue to view NVDA as our top large cap pick in our coverage universe.”

UBS reiterates Amazon as buy

The firm lowered its price target on Amazon ahead of earnings and says it’s “taking a conservative stance due to potential demand destruction.”

“We maintain our Buy rating and lower our price target to $253 from $272.

CFRA upgrades Netflix to strong buy from buy

CFRA says the streaming giant remains well positioned.

“We think Q1 2025 operating results reinforce our view that NFLX has a unique competitive position. Worries about geopolitical risks and trade tariffs specifically did not put a dent in NFLX’s fundamental results in Q1 2025 or guidance outlook for Q2 2025. The company does not have any direct exposure to China.”

JPMorgan reinstates Qualcomm as overweight

JPMorgan reinstated coverage of Qualcomm and says it has “robust smartphone revenues.”

“While there are near-term concerns around the pull-forward of smartphone demand, both from the channel as well as by consumer upgrades, that are leading us to be cautious in relation to the near-term financials for the company, we remain convinced around the long-term opportunity for the company in relation to a re-rating stemming from a successful diversification from smartphone revenues.”

H.C. Wainwright initiates Strategy as buy

The Wall Street firm says the crypto company is a great way to gain exposure to bitcoin.

“We view MSTR as one of the most compelling public equity investments available to investors seeking to gain levered upside exposure to BTC, the best performing asset class of the past decade, and an asset that we believe is poised to rally in 2H25 based upon multiple near-term positive catalysts and our extensive analysis of Bitcoin’s historical four-year price cycles.”

Morgan Stanely reiterates Block as overweight

Morgan Stanley says the payment fintech’s shares are compelling.

“We view XYZ’s valuation as attractive, particularly given low bar for growth reacceleration & potential for better-than-expected cost savings.”

Bank of America upgrades Upstart to neutral from underperform

Bank of America says the risk/reward looks more balanced for the online lending marketplace.

“We upgrade Upstart to Neutral (from Underperform), as we think risk-reward is more balanced at current levels.”

TD Cowen downgrades Hims & Hers to hold from buy

TD Cowen says it sees a lack of catalysts for the health and wellness digital platform company.

“We move to the sidelines as near-term upside may be limited but we like the story for the long-term as HIMS remains committed to making healthcare accessible for all.”

Barclays reiterates GE Vernova as overweight

Barclays says GE Vernova is “one of the most attractive” stocks in the current environment.

“We think GEV remains one of the most attractive MI [multi industry] stocks in this environment, with a long up-cycle ahead and relatively limited near-term earnings risk.”

Rosenblatt initiates Trade Desk as buy

Rosenblatt says it’s bullish on the ad tech company.

“We also see upside potential from the recent AdTech antitrust decision against Google. We believe TTD can recover some of its valuation.”