Analyst Calls: Nvidia, Broadcom, Tesla, Lowe's & More Updates
On Tuesday, Wall Street saw numerous analyst rating changes and price target adjustments across multiple sectors. Major technology names like Nvidia and Broadcom received upgrades, with analysts citing strong growth visibility and favorable positioning. In the industrials and retail space, Lowe's was upgraded by Citi ahead of earnings, while Tesla received a mixed assessment. Furthermore, investment banks upgraded chemical and energy stocks, such as Braskem and Matador Resources. The healthcare sector saw multiple 'Buy' initiations for medtech companies like Insulet and Dexcom, signaling continued focus on life sciences innovation.
Ad slot
Major investment banks issued numerous rating changes and price target updates for diverse sectors, covering technology, industrials, and healthcare. Analysts focused on near-term earnings expectations, sector tailwinds, and specific company growth catalysts.
Technology Sector Highlights
Several tech giants received attention, with analysts citing strong positioning and future growth potential.
Nvidia: Received multiple positive ratings. Wells Fargo reiterated an 'Overweight' rating, raising the price target to $315 from $265, citing positive expectations for the F1Q27 setup. Susquehanna also maintained a positive view, raising the target to $275 from $250, anticipating better results following the GB300 ramp through H1 2026.
Broadcom: Citi reiterated a 'Buy' rating, increasing the price target to $500 per share from $475. This adjustment was based on applying a 20x multiple to FY28 EPS of $25, reflecting increased earnings visibility.
Intel: Deutsche Bank maintained a 'Hold' rating but increased the price target to $100 from $63, noting that increased reports of the Foundry business gaining customer traction provided a strong tailwind.
Industrials and Retail Updates
Analysts provided mixed but generally positive sentiment for retail and industrial stocks ahead of earnings reports.
Ad slot
Lowe's: Citi upgraded the stock to 'Buy' from 'Neutral,' expressing bullishness ahead of the May 20 earnings report. The firm noted Lowe's potential to outperform the industry in 2026 due to higher exposure to DIY projects.
Tesla: Wells Fargo reiterated an 'Underweight' rating, although the firm noted that its checks indicated Tesla deliveries were trending better year-over-year, with April deliveries up 7% year-over-year.
Disney: Bernstein maintained an 'Outperform' rating. The firm suggested that improvements in the Experiences segment and expansion of DTC margins could positively impact the stock.
Spire: Wells Fargo initiated coverage with an 'Overweight' rating and a $96 price target, citing compelling valuation and potential for re-rating in the natural gas sector.
Financial Services and Commodities
Major banks upgraded several non-tech sectors, pointing to fundamental improvements.
JPMorgan Actions: The bank upgraded Braskem to 'Overweight' from 'Neutral,' citing improved market fundamentals and tighter supply. It also upgraded Celanese to 'Overweight' based on valuation, noting the stock's recent dip relative to the market.
Truist: Upgraded Matador Resources to 'Buy' from 'Hold,' advising investors to buy the dip following earnings.
Healthcare and Specialized Sectors
Several specialized sectors received initiation ratings from major firms:
Biotech/MedTech: JPMorgan initiated coverage on Kailera Therapeutics and Alamar Biosciences with 'Overweight' ratings. Benchmark initiated coverage on Insulet, MiniMed Group, and Dexcom with 'Buy' ratings, highlighting their market leadership in automated insulin delivery.
Software/Infrastructure: Bank of America upgraded AutoDesk to 'Buy' from 'Neutral,' citing its hard-to-replicate data and 3D context. It also upgraded Bentley Systems to 'Buy' from 'Neutral,' positioning it as a defensive play against AI automation fears.
