Here are Tuesday's biggest analyst calls: SpaceX, Apple, Broadcom, CoreWeave, Palantir, Intel & more
Analysts made several calls on Tuesday. DA Davidson upgraded Broadcom to buy, citing its relationship with Anthropic. Loop initiated Trimble at buy, finding it inexpensive. Goldman Sachs raised Apple's price target to $390. RBC initiated Ermenegildo Zegna at outperform. Bank of America added SpaceX to its top picks. Citigroup upgraded MercadoLibre and Ferguson to buy. Bernstein reiterated CoreWeave as underperform but raised its target. Rosenblatt raised Palantir's target to $260.
How this was made
The 30-second read
Why it matters
The collective upgrades provide short‑term bullish bias for the named stocks, though the overall market context remains cautious ahead of upcoming earnings.
Market read
The rating upgrades create modest upside potential for the listed tickers, especially those with higher price targets, but overall impact is limited to short‑term moves.
What to watch
Earnings season uncertainty could offset rating‑driven moves.
Background
Analyst rating changes and price target updates across a range of U.S. listed companies released on Tuesday.
Ticker impact
DA Davidson upgraded Broadcom to buy, citing its relationship with Anthropic and valuation.
likely upward pressure as investors price in the upgrade.
Upgrade to buy typically triggers buying interest, especially with AI growth narrative.
Loop initiated Trimble at buy, highlighting low valuation multiples and transformation progress.
moderate upside as the market digests the buy rating.
Buy rating with attractive multiples can prompt short-term buying.
Goldman Sachs reiterated Apple as buy and raised price target to $390 from $360.
likely upward pressure ahead of earnings.
Target raise and buy rating from a major bank often moves the stock.
Raymond James upgraded MACOM to outperform ahead of its September quarter results.
potential short-term rally.
Outperform rating signals better-than-expected earnings.
Citi upgraded MercadoLibre to buy, citing attractive entry point after price weakness.
upward pressure.
Buy rating after weakness often triggers rebound.
Citi upgraded Ferguson to buy with a $288 price target.
moderate upside.
Small-cap upgrade impact is limited.
Bernstein reiterated CoreWeave as underperform but raised price target to $54.
likely continued pressure despite higher target.
Underperform rating outweighs modest target increase.
Truist initiated PPL as buy, citing bullish outlook on utilities.
upward pressure.
Utility sector often reacts positively to buy ratings.
Market effects
Broad upgrades across tech, AI, and utilities suggest sector‑wide optimism.
U.S. equities may see modest gains in the morning session.
Limited; primarily U.S. market focus.
Counterpoint
Some upgrades may be premature given broader market volatility.
Key entities
- AnalystDA Davidson
Upgraded Broadcom to buy.
- AnalystGoldman Sachs
Reiterated Apple as buy with higher target.
- AnalystRaymond James
Upgraded MACOM to outperform.
- AnalystCiti
Upgraded MercadoLibre and Ferguson to buy.
- AnalystBernstein
Reiterated CoreWeave as underperform with higher target.
