Here are Monday's biggest analyst calls of the day: Tesla, Amazon, Microsoft, Charter, Apple & more

Published Mon, Jan 24 20228:37 AM EST

Here are Monday's biggest calls on Wall Street. Morgan Stanley reiterates Alphabet as overweight Morgan Stanley said that its recent survey checks are increasingly bullish on Alphabet's e-commerce opportunities. "AlphaWise data show how GOOGL's innovation continues to drive more consumers to start their online shopping on GOOGL , giving us more confidence in its multi-year e-comm ad growth. This change is true even for Prime members, who seem to be starting less frequently on Amazon.com, a trend to monitor." UBS reiterates Chipotle as buy UBS kept its buy rating on the restaurant chain, saying it sees an incredibly compelling entry point. "Following a notable pullback YTD, we see solid upside for CMG shares given: good visibility into a compelling multi-year growth opportunity, accelerating unit development underpinned by industry leading returns, and significant margin expansion potential as inflationary pressures ease." BTIG upgrades Splunk to buy from neutral BTIG said it now sees the "potential for multiple expansion" in Splunk. "We are upgrading SPLK to a Buy rating and introducing a price target of $155/share. In short, our recent channel checks on SPLK have been improving and lead us to believe that the company is turning a corner with its cloud product and observability platform." UBS upgrades Fox to buy from neutral UBS said it sees upside and "optionality on sports betting" for Fox. "We are upgrading FOXA to Buy from Neutral and raising our PT to $50 from $42. Within traditional Media, we believe FOX is better positioned given sports betting optionality, measured DTC spend and leadership within the legacy (albeit declining) Pay TV bundle with its sports & news focus." Morgan Stanley initiates Grab Holdings as overweight Morgan Stanley said the technology transport company is well-positioned for upside and more growth. " Grab is one of the leading Super App across ASEAN (association of Southeast nations), and we believe it is well-positioned to capture (1) continuing structural growth of this digital consumer, and (2) cyclical recovery post COVID-19." Piper Sandler upgrades Discover to overweight from neutral Piper said that it sees a "great setup" for Discover's stock. "Bottom line: the combination of a subdued valuation combined with upside to EPS estimates on fairly conservative assumptions is a great setup for the stock." Oppenheimer reiterates McDonald's as outperform Oppenheimer kept its outperform rating on the fast food company, saying it's bullish heading into earnings later this week. "We originally upgraded MCD to Outperform on 01/06/2021 at $211/share after nine years on the sidelines. Following +25% gains in 2021, our analysis still identifies catalysts to remain bullish." Bank of America initiates Blue Owl as buy Bank of America said in its initiation of the capital markets company that the stock deserves a "premium valuation." " OWL is a high growth, high yield (3% dividend), high margin (60%+ incremental operating margin) capital lite business with pricing stability and the stock has the potential to be added to multiple passive indexes over the next two years." RBC upgrades Charter to outperform from sector perform RBC said the subscriber growth concerns surrounding Charter are overdone. "We continue to believe the recent moderation of broadband subscriber trends is being misattributed by the Street to elevated competitive intensity and fueling terminal growth concerns." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said that it doesn't see anyone who can challenge Tesla's volume. "We believe car companies and investors may need to rethink their EV strategies in terms of volume per SKU as we continue to see Tesla' s model roll-out unfold." Goldman Sachs reiterates Microsoft as buy Goldman said it sees "strong momentum" heading into Microsoft's earnings report on Tuesday. "Despite recent relative outperformance, with the stock trading roughly in-line with its pre-COVID peak of 31x, we continue to view risk/reward as favorable, as the overall demand environment remains strong and FCF support should continue to mitigate volatility relative to the rest of our coverage group." Bernstein reiterates Amazon as outperform Bernstein kept its outperform rating on the e-commerce giant, noting that expectations are "too optimistic" for the first half of 2022 but "too conservative" in the second half of the year. "The bull case for Amazon in 2022 is simple - all these headwinds will abate or disappear. Even if they do not, Amazon has the tools to improve its margins. Sometimes we like simple, and simple works. Morgan Stanley reiterates Carvana as overweight Morgan Stanley said that Carvana's stock was "highly compelling" at current levels. "We think today's share price offers a highly compelling risk reward and we reiterate our OW rating." Read more about this call here. Wedbush downgrades Snap to neutral from outperform Wedbush said in its downgrade of the stock that it sees a more balanced risk/reward going forward. " Snap still has a great foothold among younger demos, is very well positioned in AR (which we believe has great value for advertisers, particularly around commerce), and opportunity to better monetize through Discover, Maps, and Spotlight." Evercore ISI reiterates Apple as outperform Evercore reiterated its outperform rating but said that consensus expectations may be too high heading into earnings later this week. "We expect AAPL will report an in-line to likely upside vs. street expectations for Dec-qtr, but we suspect current street models are underappreciating the typical seasonality AAPL witnesses in the march-qtr." Citi upgrades Arista to buy from neutral Citi said that investors should buy the dip on Arista, citing the company's "strong fundamentals." "As we previewed in our 2022 outlook last month we called out ANET as a stock on our watch list which we could be constructive on if there were a market pull back. That pull back occurred and Arista's fundamentals are strong with cap ex spending for Arista's customers increasing." Read more about this call here. Jefferies downgrades Netflix to hold from buy Jefferies said it "lacks conviction" in the stock after its earnings report last week. "We are confident in being in the middle innings of streaming penetration, but now see it taking much longer adding uncertainty. On the adjacency front, we believe Netflix isn't moving fast enough." Read more about this call here.

Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris, France, April 18, 2016.

Charles Platiau | Reuters

Here are Monday's biggest calls on Wall Street.

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