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Friday’s Top Analyst Calls: Nvidia, Tesla, Hasbro, Sunrun, Amazon, Costco, Spotify, Pinterest, Apple, and More

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Wall Street analysts have been busy making calls on a variety of stocks, providing their recommendations on which companies investors should consider buying or selling. Bernstein initiated coverage on MicroStrategy, a bitcoin company, giving it an Outperform rating and predicting that Bitcoin could reach $200,000 by the end of 2025. Evercore ISI also initiated coverage on AZZ, a metal coatings company, citing favorable market shares and growth opportunities as reasons to Buy. D.A. Davidson recommended Duolingo, a leader in online language learning, with a Buy rating and a $250 price target.

KBW upgraded Bank of America to Outperform based on positive catalysts ahead, while reiterating an Underperform rating on Tesla despite shareholder approval of Elon Musk’s pay package. Piper Sandler reiterated Pinterest as a top pick, while Evercore ISI upgraded Ovintiv and Shopify to Outperform, citing their strong positioning in their respective industries.

Morgan Stanley reiterated Sunrun as overweight, raising their price target, and Guggenheim reiterated Spotify as a buy, indicating confidence in the company’s growth potential. Macquarie initiated coverage on Roblox as outperform, describing it as a highly scaled gaming platform poised for significant growth. UBS upgraded Tutor Perini to Buy, seeing potential in the construction company that may be underappreciated by investors.

TD Cowen reiterated Virgin Galactic as a Buy following a meeting with company management, while JPMorgan upgraded Zscaler to overweight, citing undervaluation. JPMorgan also upgraded Varonis to overweight, highlighting the company’s compelling valuation and improving fundamentals. UBS upgraded Permian Resources to Buy, bullish on the oil and natural gas company, and Morgan Stanley downgraded Twilio to equal weight, suggesting better value opportunities elsewhere.

JPMorgan reiterated Amazon as overweight, touting the e-commerce giant as a top pick, and upgraded Adobe to overweight following positive earnings. Bank of America upgraded Hasbro to Buy, emphasizing the company’s potential in digital gaming. Bernstein reiterated Apple and Baidu as Outperform, highlighting Apple’s control over its devices and the limited scope of Baidu’s role in Apple Intelligence.

Loop reiterated Costco as a Buy, raising their price target, and Wolfe reiterated Nvidia as outperform, citing the company’s strong competitive position in AI. Morgan Stanley also reiterated Tesla as overweight despite recent uncertainty, expressing confidence in Elon Musk’s leadership and the company’s future strategy. Wall Street analysts’ calls offer valuable insights for investors seeking guidance in navigating the stock market.

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