Aug 6, 2024, 12:00 AM
Aug 6, 2024, 12:00 AM

Big Analyst Calls on Nvidia, Apple, Micron, and Amazon

Highlights
  • Analysts provided their biggest recommendations for Nvidia, Apple, Micron, and Amazon on Tuesday.
  • The analysis reflects current market trends and investor sentiment regarding these leading tech companies.
  • Investors are advised to consider these calls when making financial decisions.
Story

In a recent wave of stock evaluations, analysts have initiated coverage on several companies, reflecting varied outlooks across different sectors. GE Healthcare has received a Buy rating with a target price of $100, indicating strong confidence in its future performance. Conversely, Six Flags has been assigned an Underweight rating, with a price target of $50 set for December 2025, suggesting a cautious approach to the amusement park operator's stock. Barclays has upgraded Argenx to an overweight rating, citing a potential rerating for the biotech firm, while JPMorgan has downgraded Carlyle Group to neutral, indicating a preference for other investment opportunities despite acknowledging some upside in Carlyle's stock. Meanwhile, Piper Sandler has upgraded Cadence to overweight, encouraging investors to capitalize on a recent dip in the software company's stock, with a price target of $318. In other notable updates, Bank of America has reaffirmed its Buy rating on Palantir following recent earnings, while Davidson has upgraded Criteo to Buy, expressing optimism for the marketing tech firm. Morgan Stanley has removed Amazon from its top picks but maintains an overweight rating, emphasizing the need for the company to demonstrate growth and profitability. Additionally, JPMorgan has upgraded Sonic Automotive to overweight, and Macquarie has elevated Yum China to outperform, highlighting strong efficiency amid sales challenges.

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