Welcome to Extreme Investor Network, where we provide you with the latest and most valuable information on investing. Today, we’re sharing the biggest calls on Wall Street from Tuesday that you need to know about.
First up, Loop initiates coverage on AppLovin as a buy, calling it an indispensable infrastructure for the mobile gaming industry. With a Buy rating and $181 price target, Loop is bullish on the software publisher’s future prospects.
Next, Bernstein initiates coverage on Costco as outperform, highlighting the company as the highest quality in their coverage. Despite the expensive valuation, Bernstein believes that Costco’s consistent earnings power and growth runway are underappreciated.
Moving on to Walmart, Bernstein also initiates coverage as outperform, stating that the big box retailer is best positioned for growth. With a $95.00 price target, Bernstein expects Walmart to leverage its scale and e-commerce investments for profitable growth.
Citi upgrades First Solar to buy from neutral, citing the solar company as a winner regardless of the election outcome. Whether a Democratic or Republican win, Citi expects First Solar to benefit from the changing landscape.
For more insights on these calls and others from Tuesday, visit our website for in-depth analysis and expert commentary. Stay ahead of the curve with Extreme Investor Network, where we help you make informed decisions for your investment portfolio.