Tuesday’s Market-Moving Gossip on Wall Street

Are you interested in staying up to date with the latest analyst calls and Wall Street chatter? If so, you’ve come to the right place. In this blog post, we’ll be covering some of the most recent analyst recommendations and market insights to help you make informed investment decisions.

Home Depot and Boeing were the focus of Tuesday’s analyst chatter, with Mizuho initiating Home Depot with a buy rating and calling for roughly 10% upside, while UBS reiterated Boeing as a buy and predicted major gains ahead for the stock. Additionally, analysts were bullish on the latest Nvidia chip announcements, with some raising their estimates on the stock.

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Jefferies initiated Zoom at a hold rating, citing fierce competitive pressures ahead. Analyst Samad Samana set a price target of $70, representing a 6% upside for the stock. He expects enterprise revenue to be the biggest driver of growth for Zoom, along with factors like a $1.5 billion repurchase program and a strong cash balance.

UBS upgraded Chart Industries to a buy rating, foreseeing an 18% rally ahead for the stock. Analyst Manav Gupta highlighted the benefits of Chart Industries’ recent Howden deal and policy support as catalysts for future growth.

UBS also reiterated Boeing as a buy, despite the stock’s struggles year to date. Analyst Gavin Parsons sees a significant upside potential of 53% over the next 12 months, presenting a buying opportunity for longer-term investors.

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Mizuho initiated Home Depot at a buy rating, attributing upcoming rate cuts to potential positive outcomes for the home improvement retailer. Analyst David Bellinger set a price target of $415, anticipating a 12% upside.

Analysts cheered Nvidia’s latest announcements on new artificial intelligence chips, leading to increased price targets from banks like Wells Fargo and Goldman Sachs. The optimistic outlook on Nvidia’s continued innovation and market position contributed to the bullish sentiment among analysts.

Stay tuned for more updates on analyst calls, market trends, and investment opportunities to help you navigate the ever-changing landscape of the financial markets. Refresh every 20-30 minutes for the latest updates and insights. Thank you for reading!

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