Analyst Insights on Nvidia, Apple, and Amazon
- Analysts have made significant calls regarding major tech companies including Nvidia, Apple, and Amazon.
- These insights reflect the current market sentiment and potential future performance of these companies.
- Investors are advised to consider these opinions when making financial decisions.
On Friday, significant movements in stock ratings were observed across major financial institutions. Goldman Sachs upgraded Atlassian from neutral to buy, citing expectations of "predictable growth ahead" for the software company. Meanwhile, Morgan Stanley reaffirmed its overweight rating on Apple, maintaining confidence in the tech giant following its recent earnings report. In contrast, Wells Fargo downgraded Morgan Stanley from equal weight to underweight, suggesting that the stock's upward premium re-rating appears to be over. Bank of America also made notable downgrades, reducing Wayfair from buy to neutral after disappointing second-quarter results and a cautious outlook for the third quarter. The firm adjusted its price target for Wayfair from $85 to $61, indicating a shift in expectations for the company's growth trajectory. Additionally, Bank of America downgraded Intel to underperform from neutral, highlighting increasing execution and competitive risks. In a more positive light, Morgan Stanley reiterated its top pick status for Tesla, following a favorable analysis of July auto sales. Redburn Atlantic Equities upgraded Intuitive Surgical to buy from neutral, recognizing a "long-term structural opportunity" in the robotic medical technology sector. Lastly, Morgan Stanley upgraded Mobileye from underweight to equal weight, suggesting a more balanced risk-reward scenario for the auto supply technology company. In a related move, Lululemon shares were downgraded to neutral from buy, with a revised price target of $286 due to recent execution challenges and increased promotional activity.