Friday’s biggest analyst calls on Wall Street spotlight several high-profile companies, offering key insights for investors. Here’s a roundup of the most significant calls:
Nvidia (NVDA): Mizuho reiterated its “buy” rating on Nvidia, raising the price target to $132 per share ahead of the company’s upcoming earnings on August 28th. The firm remains bullish on Nvidia’s prospects, anticipating strong performance in the near term.
Third Harmonic Bio (THRD): Morgan Stanley upgraded Third Harmonic Bio to “overweight” from “equal weight,” advising investors to buy the dip following a recent pullback in shares. The firm sees potential in upcoming de-risking data and a favorable outlook for early next year.
Yeti Holdings (YETI): Bank of America upgraded Yeti to “buy” from “neutral,” citing multiple catalysts for growth, including NFL licensed drinkware and a strong product rollout. The price target was also raised to $55 from $46, reflecting the firm’s confidence in Yeti’s continued success.
General Dynamics (GD): Morgan Stanley upgraded General Dynamics to “overweight,” highlighting the defense sector’s resilience. The firm noted that defense stocks like General Dynamics provide stability, especially in uncertain economic times, making it a solid investment.
Amazon (AMZN): Bank of America reiterated its “buy” rating on Amazon, especially after reports surfaced about TikTok and Pinterest enabling in-app shopping via Amazon. This strategic move could bolster Amazon’s already strong e-commerce presence, making it a top pick for investors.
Chipotle Mexican Grill (CMG) and Uber Technologies (UBER): Bank of America added both Chipotle and Uber to its US 1 list of top picks, citing their strong market positions and growth potential. Chipotle continues to impress with its innovative menu and operational efficiency, while Uber remains a dominant player in the gig economy with promising future prospects.
Synchrony Financial (SYF) and Bread Financial (BFH): Bank of America upgraded both card issuers to “buy” from “neutral,” pointing to improving credit trends. The firm believes these companies are well-positioned to benefit from a strengthening economy and consumer spending.
Eli Lilly (LLY): Morgan Stanley named Eli Lilly as a top pick following its recent earnings report, maintaining an “overweight” rating. The firm is optimistic about Eli Lilly’s pipeline and margin growth, which it believes will drive significant upside for the stock.
These analyst calls reflect growing confidence in several key sectors, from technology and e-commerce to defense and consumer goods. With Wall Street analysts highlighting strong growth potential, these companies are set to be closely watched by investors in the coming months.
