Here are Wednesday's biggest analyst calls: Nvidia, Broadcom, Marvell, Alphabet, Amazon, Five Below & more
CNBC Top News ·

Here are the biggest calls on Wall Street on Wednesday. Goldman Sachs reiterates Broadcom as buy Goldman raised its price target to $500 per share from $480 ahead of Broadcom earnings. …
Here are the biggest calls on Wall Street on Wednesday. Goldman Sachs reiterates Broadcom as buy Goldman raised its price target to $500 per share from $480 ahead of Broadcom earnings. "We believe expectations are modestly elevated heading into the print, as CapEx spending patterns at key customer accounts remain strong." Oppenheimer upgrades Rubrik to outperform from perform The firm says it sees product strength. "We are upgrading Rubrik (RBRK) to Outperform (from Perform) and establishing a PT of $85, predicated on our strong checks from value-added resellers." Baird initiates Pinnacle Financial as outperform Baird says the risk/reward is too attractive to ignore. "We are initiating coverage of PNFP with an Outperform rating and $115 price target." William Blair reiterates Nvidia as outperform The firm says it's bullish on Nvidia earnings after the bell on Wednesday. "We expect Nvidia will report another beat-and-raise quarter this week, with second-quarter revenue guidance likely to exceed $90 billion." Needham initiates QuickLogic Corporation as buy Needham says the semis company has revenue upside. "We are initiating coverage of QuickLogic with a Buy rating and establishing a $22 PT." UBS upgrades Packaging Corp to buy from neutral UBS says the company has pricing power. "We upgrade PKG from Neutral to Buy, as we expect the $50/ton June price hike to stick amid improving demand and tight supply. …
Original source: CNBC Top News