Here are Tuesday's biggest calls on Wall Street: Mizuho reiterates Amazon as buy Mizuho said it's standing by shares of the e-commerce giant. "With that in mind, we have increased conviction of AWS acceleration and our above-the-Street revenue growth forecast of 20%. Maintain AMZN as a Top Pick with PT of $240.
" Goldman Sachs initiates Waystar as buy Goldman said it's bullish on shares of the cloud-based healthcare solutions company. "We initiate coverage of Waystar ( WAY) with a Buy rating and 12-month price target of $32." Bank of America reiterates Nvidia as buy Bank of America said Nvidia was the "most-owned" stock in semis among fund managers.
"Within semis, NVDA was the most-owned stock among active fund managers, with ownership of 68% in Jun '24 (up from 67% in the Feb '24 report), followed by AVGO, AMAT, and AMD." Piper Sandler downgrades CrowdStrike to neutral from overweight Piper downgraded CrowdStrike mainly on valuation. "As shares have deservedly risen to the highest revenue multiple of any public software company above $75B in market cap and encroached on our $400 target (which we do not see a near-term catalyst for raising), we are lowering our rating to Neutral.
" Raymond James upgrades Comerica to outperform from market perform Raymond James said the stock is in a "bottoming process." "We are upgrading CMA shares from Market Perform to Outperform and establishing a $60 price target." UBS downgrades Pure Storage to sell from neutral UBS said the cloud solution.
