A round up of the biggest calls from Wall Street.
Here are the calls and tips for 12th June 2024.
[.custom-color] Uber[.custom-color] was reiterated as a top pick by Citi, who give it a price target of $96. The report cited improved visibility and multiple growth opportunities.
[.custom-color] Apple[.custom-color] was upgraded from neutral to buy by D.A. Davidson, as they expect new AI capabilities to drive an upgrade cycle for iPhones. This sentiment was echoed by the market after initial drops following Apple's WWDC conference turned to strong gains, pushing Apple's stock well over $200 for the first time.
[.custom-color] Trade Desk[.custom-color] was reiterated as a stock to overweight by Piper Sandler, considering it their top large-cap idea due to confidence in sustaining a high growth rate. It was also rated a "Mad Dash" stock by Jim Cramer, who was impressed by its roster of clients.
[.custom-color] Broadcom[.custom-color] still has a bullish supporter in Citi, which anticipates upside from AI strength and earnings per share accretion from the VMware acquisition.