Top Analyst Calls on Tech Stocks
- Top analysts shared their insights on key tech stocks including Nvidia, Apple, Netflix, Amazon, and CrowdStrike.
- Recommendations cover a range of buy, hold, and sell ratings for investors to consider.
- Investors are advised to pay attention to these expert opinions when making decisions in the stock market.
In a recent analysis, Citi has upgraded Corning Incorporated (GLW) to an Outperform rating ahead of the anticipated review of its Optical glass fiber business on September 19. This decision follows a notable pullback in the stock, with analysts indicating no signs of an overall slowdown in the company’s business or growth initiatives. Similarly, Citi has also upgraded Texas Instruments (TXN) from Neutral to Buy, citing expectations of 100% earnings per share (EPS) growth as margins are projected to rebound. Bank of America has reiterated its Buy rating for CrowdStrike, expressing confidence in the stock as it approaches its earnings report next week. Meanwhile, Wells Fargo has resumed coverage of Keysight Technologies with an overweight rating, reflecting optimism for the electronics test and measurement equipment manufacturer. Deutsche Bank has also maintained a Buy rating for Marvell, indicating a positive outlook as the company prepares for its upcoming earnings announcement. Morgan Stanley has reaffirmed its overweight rating on Apple, labeling it a top pick in the tech sector. In contrast, Bank of America has downgraded American Express from Buy to Neutral, citing valuation concerns. KeyBanc has reiterated its overweight stance on Netflix following a successful second year of upfront negotiations, while MoffettNathanson continues to support Amazon with a Buy rating. Additionally, CHWY has been downgraded to Market Perform from Outperform after a significant stock increase exceeding the firm’s price target.