Market Analysts Initiate Coverage and Upgrades on Key Stocks
- Significant analyst calls were made on major companies such as Nvidia, Apple, and Amazon.
- These calls often reflect market expectations and company performance outlook.
- Investors should review these analyst opinions to remain informed about their investment choices.
Evercore ISI has initiated coverage on BV with a Buy rating and a price target of $18, citing the company's potential for long-term margin expansion and a return to profitable growth. The firm also expressed optimism regarding Apple's upcoming earnings report, maintaining an outperform rating on the tech giant. Additionally, Evercore ISI highlighted Nvidia's Blackwell chip as a strong investment opportunity. Bank of America has upgraded Affirm from neutral to buy, anticipating a potential rally in the fintech company's shares ahead of its earnings report later this month. The firm believes that the upcoming financial results could serve as a positive catalyst for the stock, which has recently underperformed. In a similar vein, Bank of America has reiterated its buy rating on Roblox, expecting favorable outcomes from the company's earnings announcement on August 1. In other notable upgrades, Barclays has raised ASML's rating to overweight, encouraging investors to buy the dip in the semiconductor company. Meanwhile, Baird upgraded Varonis to outperform, reflecting growing confidence in the automated data security sector. Conversely, JPMorgan downgraded Frontier to underweight, citing multiple negative catalysts affecting the airline's outlook. Lastly, Morgan Stanley reaffirmed its overweight ratings on major banks, including Bank of America, Citi, Goldman Sachs, JPMorgan, and Wells Fargo, indicating a continued positive sentiment towards the financial sector amidst ongoing market fluctuations.