Calls of the day: 17th June 2024

The latest calls from Wall Street experts.

[.custom-color]Amazon[.custom-color] was predicted to surpass Walmart as the biggest US retailer in 2024 by JP Morgan and reiterated a price target of $240. It is currently at $183, so this gives it about a 30% upside.

[.custom-color]Roblox[.custom-color] is now covered by Macquarie, who says, “Roblox (RBLX) is a highly scaled gaming platform poised to deliver double-digit CAGR over the next three years.” They gave it a price target of $46. It is currently at $35.

[.custom-color]MicroStrategy[.custom-color] is now being covered by Bernstein, with the company stating, "We are initiating coverage on MicroStrategy (MSTR) with an Outperform rating. They are predicting Bitcoin will hit $200,000 by the end of 2025, so it is little surprise that they are bullish on it.

[.custom-color]Costco[.custom-color] was maintained as a buy by Loop. "We reiterate our Buy rating on Costco (COST) and increase our price target to $940.”

[.custom-color]Tutor Perini[.custom-color] was upgraded to buy by UBS. “We upgrade Tutor Perini (TPC) to Buy from Neutral, noting past losses have led investors to underappreciate the core business’s earnings potential.”

[.custom-color]Duolingo[.custom-color] is now being covered by D.A. Davidson, who give it an initial buy rating. “We are initiating coverage of Duolingo (DUOL) with a BUY rating and a $250 price target.”

[.custom-color]AZZ[.custom-color] was initiated as Outperform by Evercore ISI. "Leading market shares in metal coatings, secular demand tailwinds, inorganic growth opportunities, and a simplified capital structure = Buy.”

[.custom-color]Bank of America[.custom-color] was upgraded to buy by KBW. “We are upgrading Bank of America (BAC) to Outperform based on strong capital, deposits, and credit.”

[.custom-color]ZScaler[.custom-color] was upgraded to Overweight by JP Morgan. “We upgrade Zscaler (ZS) to Overweight, noting its position as a disruptive Zero Trust leader.”

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