Here are the biggest calls on Wall Street on Tuesday: Citi reiterates Nvidia as buy Citi says it's bullish heading into earnings next week. "We recommend investors add to NVDA as valuation looks attractive with the stock likely to outperform in 2H26 as demand visibility extends into 2027." Bernstein upgrades Toast to outperform from market perform Bernstein says the restaurant tech company is an AI winner. "We upgrade Toast to OP. The stock is down 26% YTD and over 34% in the last 1yr on significant de-rating within the software space, de-rating also within fintechs and some competitive concerns." JPMorgan reiterates Carvana as overweight JPMorgan says AI fears are overblown for Carvana. "CVNA's Vertically Integrated Infra a Key Moat That Is Hard to Disrupt and Uniquely Positioned to Adopt/Leverage AI to Differentiate Further." UBS upgrades Melco to buy from neutral UBS says buy the dip in the casino company. "Melco's share price has declined 27% YTD, likely due to concerns over the trademark licence fee hike, margin pressure, and market share losses. Looking ahead, we think Melco's asset enhancements at City of Dream in Macau, including the new luxury all-suite hotel due in Q326, should enable it to largely offset margin pressures and higher branding fees in 2026." Citi initiates BitGo Holdings as buy Citi says the crypto infrastructure company is well positioned. "We initiate coverage with a Buy/HR rating; our constructive thesis reflects the view that BitGo i s positioned as a center of gravity for on-chain finance." UBS upgrades Southwest to buy from neutral UBS says it likes the company's new initiatives. "We upgrade LUV to Buy from Neutral & raise our price target to $73 (from $51)." Read more. Goldman Sachs initiates EquipmentShare as buy Goldman called the construction rental company "compelling technology led growth in an attractive end market." "We initiate coverage of EquipmentShare with a Buy rating and $51 price target." Baird initiates Tempus AI as outperform Baird says the AI company is in an "underpenetrated market." " Tempus AI is a commercial-stage precision medicine company focused on helping patients through its comprehensive molecular information and AI capabilities." Morgan Stanley upgrades Truist to overweight from equal weight Morgan Stanley says the stock is too attractive to ignore. " TFC is the most compelling way to play the Super-Regional banks." Rothschild & Co Redburn upgrades Dollar Tree to buy from neutral The firm says shares are attractive at current levels. "We view Dollar Tree's c12% EPS growth outlook as attractive at a < 19x P/E valuation, particularly with the potential upside presented by the multi-price rollout." Baird initiates Guardant Health as outperform Baird says the oncology company is a market leader. "Guardant Health, I nc. is a commercial-stage precision oncology company that provides proprietary, liquid biopsy solutions across the cancer care continuum." Rothschild & Co Redburn downgrades Warner Bros Discovery to neutral from buy The firm says the chances of a higher bid are lower. "Downgrading WBD t o Neutral. With the chance of higher bids diminished, our new price target is $31, based on the Netflix take out bid of $27.75 plus $2.80 of Discovery Global value." Bank of America upgrades Albemarle to buy from neutral Bank of America said in its upgrade of Albemarle that it sees stronger pricing for the lithium company. "With lithium spot prices doubling since our Oct. downgrade and now sustaining above $20/kg, we believe the "headline-driven" momentum phase has largely played out." Wells Fargo upgrades Eversource Energy to overweight from equal weight Wells says the energy stock is inexpensive. "Upgrading ES to O/W; PT from $71 to $78. Base Case - Stock is cheap; mosaic pieces coming together even w/o Aquarion sale; and Bull Case - Stock is even cheaper - Our estimates assume base case, but bull case becoming even more viable." Wells Fargo upgrades Accenture to buy from neutral Wells says AI fears are overdone. "Upgrade to Overweight on: (1) potential F2H revs acceleration, (2) conservative F26 guide, (3) overblown AI fears, (4) valuation. Recent bookings trends are encouraging, and we think ACN could be poised for a solid F2Q print next month." Wells Fargo upgrades Jack Henry to overweight from equal weight Wells says it sees a slew of positive catalysts ahead. "Upgrade to OW on: 1) increasing confidence in F27 revs growth accel, 2) upside potential to F27/F28 ests, 3) robust competitive position, 4) overblown AI fears (JKHY doesn't have a per-seat revs model and is very sticky), 5) attractive valuation." Morgan Stanley names Citigroup a top pick Morgan Stanley says it's bullish ahead of the company's May 7 investor day. "At an attractive valuation of 1.0x '27 TBVPS, Citi is now our Top Pick." Baird initiates Grail as outperform Baird says the healthcare company has a differentiated offering. " GRAL is a commercial-stage healthcare company focused on multi-cancer early detection through its Galleri test, which uses a blood draw to screen for more than 50 types of cancer." Truist upgrades Shopify to buy from hold Truist says investors should buy the weakness. "Large drawdown in software valuations related to AI fears has created attractive buying oppty for L-T investors in Shopify, in our opinion. Shopify is one of the few software co's to show strong accelerating growth recently. Bank of America upgrades Liberty Energy to buy from neutral Bank of America says the company is a top beneficiary of surging power demand. "LBRT is making good progress – both commercial/operational and financing – in building its Power business." Bank of America upgrades Equifax to buy from neutral Bank of America says it sees growth visibility. "We upgrade Equifax ( EFX) to Buy from Neutral as we see a clear path to multi-year acceleration in Workforce Solutions (EWS)...." Melius upgrades Chevron to buy from hold Melius says it likes the company's execution. "Bottom Line. Chevron's strategy couldn't be clearer: value over volume. The investment profile is differentiated by 1) the focus on shareholder returns including dividends and buybacks (European Oils are shrinking buybacks), 2) an uptick in exploration focused on high-impact frontier regions." Read more. JPMorgan initiates AeroVironment as overweight JPMorgan says the aerospace company is well positioned for growth. "We are initiating coverage of AeroVironment (AVAV), a diversified defense technology company, with an OW rating and a YE26 price target of $320." Read more. Wedbush reiterates Apple as outperform Wedbush says the Apple sell-off is overdone. "That said, we believe this recent worry and sell-off in Apple's shares is unwarranted as the focus is Apple getting its AI strategy right and releasing its advanced AI features by the summer timeframe and that still appears on target." Wolfe initiates Celestica as outperform Wolfe says the multinational supply chain company is an AI winner. "The CLS risk/reward is attractive in our view." Roth upgrades Yeti to buy from hold Roth admitted it was late with its upgrade of Yeti shares but says there's still time for investors to buy the lifestyle and outdoor products company. "We see sustained sales and margin momentum across the remainder of 2026/2027, which should drive a positive estimate revision cycle in the coming quarters."
