Analyst Calls on Tuesday: Broadcom Named Top Pick, Chinese EV Stock Expected to Surge Over 30%

Broadcom and a Chinese electric vehicle maker were the stocks being discussed by analysts on Tuesday. Bernstein named Broadcom a best idea, predicting a potential jump of over 20% for the chipmaker. Bank of America and Goldman Sachs initiated Zeekr with a buy rating, forecasting strong gains for the Chinese EV maker. Other analysts also highlighted top stock picks and upgrades, such as Morgan Stanley upgrading Heico stock and Bank of America adding Nvidia to its list of best investment ideas. Wells Fargo listed American Express as a top stock pick, while Canaccord Genuity upgraded SentinelOne on the back of a recent sell-off. Oppenheimer initiated Flutter Entertainment at outperform, and Wall Street analysts shared optimistic views for the future of the Chinese EV maker Zeekr.

Bank of America maintained a buy rating for Logitech, listing it as a top pick in the EU IT hardware sector, with a price objective of $113. Analyst Didier Scemama highlighted Logitech’s potential benefits from the AI trade and Microsoft’s new Copilot extensions. Morgan Stanley upgraded Heico stock to equal weight, citing a positive industry backdrop and a strong commercial aftermarket business performance due to increased regulatory scrutiny following quality issues at Boeing. However, Barclays downgraded Stanley Black & Decker to equal weight, noting high stock levels and potentially unjustifiably high earnings estimates.

Bank of America added Nvidia to its U.S.1 list of best investment ideas, recognizing the company as a major beneficiary of the artificial intelligence trade. Wells Fargo reiterated an overweight rating on American Express and raised its price target to $275, emphasizing the company’s underappreciated growth story. Canaccord Genuity upgraded SentinelOne to a buy rating, citing a recent sell-off and improved execution. Oppenheimer initiated Flutter Entertainment at outperform, highlighting the company’s structural advantages and potential for growth in the domestic market.

Chinese electric vehicle maker Zeekr received positive ratings from both Goldman Sachs and Bank of America with price targets of $34 and $35, respectively. Analysts believe Zeekr is well positioned to capitalize on the rise of domestic brands, premiumization, and electrification trends in the Chinese EV market. Bernstein named Broadcom a best idea, foreseeing further gains for the chipmaker, while highlighting its compelling valuation compared to industry peers. Overall, analysts shared a mix of stock picks, upgrades, and positive outlooks for various companies in the technology, automotive, and financial sectors in their Tuesday analyst calls.