Big Analyst Calls on Nvidia, Peloton, Chewy, and More
- Wall Street analysts issued major calls on Nvidia, Peloton, Chewy, and more
- The calls are expected to have an impact on the stock market
- Investors are closely watching the recommendations of these analysts
In a busy trading session on Wall Street, several notable stock calls emerged, reflecting analysts' shifting perspectives on various companies. Evercore ISI maintained its "outperform" rating on Nvidia, citing the company's robust ecosystem that positions it to capture a significant share of the parallel processing market. Analysts believe Nvidia is well-positioned for continued growth in the evolving tech landscape. Piper Sandler upgraded Chewy to "overweight," highlighting the company's potential for profitability improvements driven by gross margin expansion and effective cost management. Despite muted top-line trends, analysts see Chewy at a pivotal point that could enhance its financial performance. Similarly, JMP raised Warby Parker's rating to "market outperform," anticipating growth as the company expands its vision care offerings amid a stabilizing industry environment. RBC Capital Markets also upgraded Westlake to "outperform," citing strong performance in its polyethylene and capital deployment strategies. Conversely, JPMorgan downgraded Peloton to "neutral" after a significant stock price increase, expressing concerns over the company's growth trajectory amid ongoing market challenges. Meanwhile, Bank of America reiterated its "buy" rating for Uber, suggesting potential benefits from partnerships with autonomous vehicle companies. Other notable calls included upgrades for Burlington Stores and BJ's Wholesale Club by Wells Fargo, while Goldman Sachs downgraded Bill.com to "neutral," reflecting concerns over investment levels and valuation. These updates illustrate the dynamic nature of market sentiment as analysts reassess their positions.