Here’s the biggest voice on Wall Street Thursday: Bernstein reiterates his belief that Apple will outperform Bernstein said he’s sticking with Apple stock. “We view Apple’s recent product launches as a deliberate strategy to broaden its portfolio and opportunistically increase share in the lower end, while increasing prices at the higher end to maintain margins at the higher end.” Bank of America Reiterates Micron Acquisition Bank of America said it expects “pricing to be long-term” following the company’s earnings report on Wednesday. “Following MU’s view of a permanent memory cycle lasting until CY27E at the earliest, we reiterate the buy and raise PO to $500 (vs. $400).” Read more. Guggenheim launches ADP The Guggenheim acquisition gives the company “payroll defence”. “We are initiating coverage on Automatic Data Processing Inc. (ADP) with a buy rating and a $270 price target.” Baird reiterates Tesla’s outperformance. Baird said the stock is currently in a “lull.” ” TSLA stock has fallen about 5% in the last month amid market turmoil and several headlines about developments at Mr. Musk’s other companies. TSLA is entering mass production of its Optimus Humanoid while also expanding its robotaxi service with the upcoming CyberCab. We want to hold the stock over this critical period. Holdings, which buys from UBS, said the Latin American digital banking platform was too attractive to ignore, and said, “We believe the current valuation is attractive given Nu’s revenue growth, and we buy from neutral (PT rose slightly from USD 17.2 to USD 17.6 per share),” while Morgan Stanley called Intuit a “durable compounder at a discount.” It has an attractive valuation screen of 20x GAAP PE, and two product cycles support the path to topline acceleration, while F3Q earnings could provide better visibility into tax momentum and estimate revisions. Recent web traffic data that supports increased business momentum. “Raymond James reiterates that NVIDIA is a Strong Buy. Raymond James raises the company’s price target from $291 per share to $323 per share. We maintain our Strong Buy rating on NVIDIA, raise our expectations, and raise our price target to reflect management’s updated outlook for potentially conservative $1 trillion in cumulative GPU sales through 2027. “This prediction is increasingly encouraging that our theory of inference as a catalyst is working, and may even be slightly ahead of schedule.” Evercore ISI upgrades Union Pacific to outperform railroads The company needs to own railroads. “UNP is operating at an elite level, which has translated into strong volume growth (particularly after a tough intermodal pull forward) and solid margins with the stock trading at a discount to all but one of its peers.” Morgan Stanley upgrades Carnival from equal weight to overweight Morgan Stanley said cruise lines are firing on all cylinders, “and we believe both CCL (internal levers, strong FCF) and the industry (low order book) are in better shape than during previous downturns.” William Blair upgrades Five Below to Overweight due to attractive risk-reward balance William Blair Upgrades Five Below After Earnings “However, we remain increasingly confident that Five Below maintains sufficient leverage to achieve comps and is well positioned for a series of beat-and-raise prints throughout the year. We think this should continue to support the stock despite rising expectations, especially as investors seek defensive and stable names in a difficult consumer environment,” TD Cowen said. Enersys Cowen, head of acquisitions, said the battery maker was “undervalued” and said: “We initiate coverage of ENS with a buy rating and a $190 price target,” while Macquarie said there was plenty of upside for the ID security company, reiterating that “neutral UBS lowers price target from $62 to $58 per share.” “In our view, Nike sentiment has weakened and is now bearish.” Mizuho reiterated that it has outperformed Palantir, calling Palantir a category killer. “We reiterate our view that PLTR is delivering revenue growth, acceleration, and margin expansion on a scale unlike any other software segment.”
