Here are Tuesday's biggest calls on Wall Street: Goldman Sachs reiterates Alphabet and Meta as buy Goldman said it's sticking with its buy rating on shares of Alphabet and Meta. "We raise our 12-mo. PT on GOOGL to $211 (from prior $195) and on META to $522 (from prior $500 prior) driven by both raised estimates and valuation multiples.
" Stifel initiates RH as buy Stifel said the furniture company is in an "unmatched position." "But performance deserves context around unique headwinds – context that drives our confidence in an inflection from internal growth initiatives which we believe will drive renewed enthusiasm for RH's unmatched position of strength dramatically undervalued at current levels." Jefferies reiterates Amazon as buy Jefferies raised its price target on the stock to $235 per share from $225.
"We updated our AMZN SOTP [sum of the parts] analysis, which highlights ~3/4 of EV comes from AWS and Advertising - the 2 fastest growing and highest margin segments." TD Cowen reiterates Netflix as buy TD Cowen raised its price target on the stock to $775 per share from $725 ahead of earnings on July 18. "Our 2Q24 consumer survey shows NFLX is still the top choice for living room viewing, while YouTube leads Mobile.
Net-net, PT to $775; reiterate Buy." Stifel initiates Sealed Air as buy Stifel said it's bullish on shares of the air packaging company. " Sealed Air organic volumes have been largely flat since 2014 with weak volumes in 2022/23 (12% in aggregate) from the r.