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Here are Tuesday’s biggest calls on Wall Street: Goldman Sachs initiates Golar LNG as buy Goldman said the nat gas company is compelling. “We initiate coverage of Golar LNG (GLNG) with a Buy rating.” BTIG downgrades Instacart to neutral from buy BTIG downgraded the stock due to rising competition. “We are downgrading CART from Buy to Neutral in light of ongoing negative competitive developments.” BMO initiates TransDigm Group as outperform BMO said it’s bullish on the aerospace component parts company. “We initiate on TransDigm (TDG) at Outperform with a $1,420 target and 10% return. Bernstein reiterates Netflix as outperform The firm said a purchase of Warner Bros Discovery by Netflix is not likely. “As the House of Ellison deliberates its next move, investors are assessing who else could be considering a bid for WBD. Among the possibilities, NFLX stands out as interesting. We have considered the scenario, but not as a likely outcome, largely because it is unclear what strategic value NFLX would realize, or what it could achieve without WBD.” UBS upgrades Fidelity Information Services to buy from neutral UBS upgraded the fintech company and said it sees an attractive risk/reward. “We upgrade FIS to Buy after having been Neutral rated due to a fair valuation, balanced risk-reward, and multiple quarters of uneven results.” Bank of America upgrades Freeport-McMoRan to buy from neutral The firm said the risks are priced in for the mining company. “We see FCX as blue-chip copper exposure.” Evercore ISI initiates CoreWeave as outperform Evercore said investors should buy the dip in CoreWeave shares. “While we concede there are a wide range of outcomes and the stock will be volatile near-term, there’s higher probability CRWV is able to sustain and scale their differentiation from training to inferencing as they benefit from running an ‘at scale AIas- a service’ for customers beyond the current cohort. Initiate with OP and $175 Target Price.” Goldman Sachs downgrades Spotify to neutral from buy Goldman downgraded Spotify on valuation. “That said, we see a balanced risk/reward on current shares and increasingly see more of this forward growth priced in at current levels.” Citi reiterates Nvidia as buy Citi raised its price target on shares of Nvidia. “We lift our TP to $210 from $200 on consistent 30x P/E times revised CY26E ~$7 earnings power and view GTC [Global AI conference] Washington Oct 27-29 as a potential catalyst for the stock.” Read more. Morgan Stanley upgrades Celsius to overweight from equal weight Morgan Stanley said the energy drink company is too attractive to ignore. “While CELH stock is up sharply from its lows, it’s pulled back ~10% over the past month, and we see an attractive 2:1 bull/bear skew from here.” Goldman Sachs reiterates Netflix as neutral Goldman raised its price target ahead of Netflix earnings on Oct. 21. “We reiterate our Neutral rating (on the shares on the back of a balanced risk/reward from current levels) and slightly lower our 12-month PT from $1,310 to $1,300 on unchanged multiples.” Stephens initiates Dorman Products as overweight Stephens said the auto parts company is an “inflation winner.” “We are initiating coverage of Dorman Products (DORM OW $185 PT) with an Overweight rating and $185 PT.” Needham reiterates Apple as hold Needham said Apple has not raised iPhone prices enough to keep up with inflation. “We link AAPL’s inability to increase prices to its inability to introduce new killer apps and differentiated features that would give it pricing power above inflation.” Canaccord reiterates Tesla as buy Canaccord raised its price target to $490 per share from $333. “So, here we are again with Tesla , having those very deliberations. We wrote a note in early January where we underwent the same debate and inked our struggles on paper – ‘To downgrade or not to downgrade; that was the question.’ We kept our BUY rating. And despite the volatile ride since, we’re glad we did.” Goldman Sachs initiates Royalty Pharma as buy The firm said in its initiation of the biopharma company that Royalty Pharma is well positioned for growth. “Uniquely Positioned In Early Innings of Long-Term Royalty Market Growth.” Mizuho initiates Amazon as outperform Mizuho said it sees a slew of positive catalysts ahead for the e-commerce giant. “We like Amazon on the expansion of AWS infrastructure, poised to benefit from the scaling AI inference opportunity and on expanding retail margins, driven by improving efficiency and fast-growing advertising.” Mizuho initiates Meta as outperform Mizuho said Meta is best positioned for AI. “We launch coverage on META with Outperform and $925 Price Target; it is our favorite long-term holding in Internet. META has the best leverage to AI/ML and GenAI in our space, which is transforming its consumer product, user engagement, ad products, and operations.” Oppenheimer upgrades Semtech to outperform from perform The firm upgraded the semis company following constructive management meetings. “We are raising estimates and upgrading shares of SMTC to Outperform from Perform after hosting mgmt. meetings with investors last week.” Deutsche Bank initiates Array Technologies as buy Deutsche said the renewable software company is a turnaround story. “We initiate coverage on Array Technologies (ARRY) with a Buy rating and our 12-month Price Target is $11/sh. Implied upside is ~33.” Deutsche Bank initiates Nextracker as buy Deutsche said shares of the solar company have plenty more room to run. “We initiate coverage on Nextracker Inc . ( NXT) with a Buy rating and our 12-month price target of $88/sh, implying upside is 20%.” Canaccord initiates FirstCash Holdings as buy Canaccord called the pawn shop company the “gold standard in an attractive industry deserving of a premium multiple.” “After many questions by investors for longer than we can remember (why don’t you cover FirstCash??), today we are initiating coverage o f FirstCash (FCFS) with a BUY rating and $200 PT.”
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