Market Analysts Adjust Ratings and Price Targets Ahead of Earnings Reports
- Analysts on Wall Street provide various calls on popular technology companies including Nvidia, Apple, and Tesla.
- Insights touch on their performance, market sentiment, and future outlooks.
- Investors might find valuable guidance in the analysts' recommendations regarding these stocks.
In a recent analysis, market experts have shifted their focus towards companies with strong structural growth potential, indicating a renewed emphasis on expanding revenue streams. Notably, Citi has upgraded Lockheed Martin (LMT) to a Buy rating, raising its target price from $540 to $600, reflecting confidence in the defense sector's growth trajectory. Meanwhile, Citi remains bullish on Amazon as it approaches its earnings report next week. Morgan Stanley has reiterated its overweight rating on Tesla, highlighting the rapid growth of its AI infrastructure as a key driver for the company's asset base. The firm has also initiated coverage of CervoMed with an overweight rating, expressing optimism about the biotech company's prospects. Additionally, Morgan Stanley has initiated coverage of Dianthus Therapeutics with an Outperform rating and a price target of $58, while maintaining an overweight stance on Meta, encouraging investors to buy the dip. In contrast, Evercore ISI has upgraded CBRE to outperform following its earnings report, while Jefferies downgraded Brunswick from buy to hold, citing a prolonged recovery period for the boating company. Barclays has reiterated its overweight rating on CrowdStrike but has lowered its price target from $400 to $285. Jefferies also continues to endorse Nvidia as a buy, emphasizing the necessity for rising cloud capital expenditures to support growth expectations in the AI sector.