Here are Tuesday's biggest analyst calls of the day: Apple, Alphabet, Exxon, Coinbase, Twilio & more

Published Tue, Jan 25 20228:27 AM ESTUpdated Tue, Jan 25 20229:32 AM EST

Here are the biggest calls on Wall Street on Tuesday: Berenberg upgrades Delta to buy from hold Berenberg said in its upgrade of Delta that it's a "high-quality way" to play the U.S. recovery. "We expect Delta's comparatively isolated network and disciplined capacity redeployment to be beneficial to the company, enabling it to retain its unit revenue premium in the domestic market." Read more about this call here. Loop upgrades Snowflake to buy from hold Loop said in its upgrade of Snowflake that investors should buy the weakness after the software sell-off. "We believe software fundamentals remain intact, implying that the recent sell-off may be disconnected from IT spending fundamentals and that the rotation out of the sector may be short-lived. If this is the case, we believe now is the time to re-evaluate names where valuation is more compelling relative to downside risks over the next couple of quarters." Read more about this call here. Goldman Sachs reiterates Apple as neutral Goldman restates its neutral rating on the tech giant and says it's staying cautious heading into earnings on Thursday. "While we believe Apple executed better than plan against supply constraints, we believe both Services and potentially decelerating late quarter demand add risk to both the quarter and outlook commentary." Piper Sandler names Coinbase a top idea Piper Sandler reiterated its overweight rating on the crypto company and says it sees an attractive entry point. "A Top Pick Among Those Impacted By The Risk Asset Pullback. COIN' s pullback offers an attractive entry point to the growing cryptocurrency and digital-asset space." BMO names Meta Platforms a top pick into earnings BMO kept its outperform rating on the company formerly known as Facebook and says it's bullish heading into earnings next month. "We think investors are looking for three things: 1) more evidence that FB is adapting to ATT well, and that management can foresee a trough/re-acceleration path ahead; 2) a return to focus on near-term commerce and payments initiatives 3) a floor on metaverse spending, which could be done by offering high-level guidance on operating margins, like in 2018." Morgan Stanley upgrades New Relic to overweight Morgan Stanley said in its upgrade of New Relic that it sees accelerating growth for the cloud-based software company. "An improved technology platform and transition to a new business model sets the stage for better growth after a sustained period of disruption." Wells Fargo upgrades Nike to overweight from equal weight Wells said in its upgrade of the athletic retailer that it's a rare opportunity to buy a best-in-class stock. "We are upgrading NKE shares to overweight from equal weight and maintaining our PT of $175. With the shares -12% YTD (vs. SPX -8%), we see a favorable risk/reward and view the pullback as a rare buying opportunity for this best-in-class global athletic name, particularly ahead of accelerating trends into FY23." Read more about this call here. Citi initiates CyberArk, Zscaler and Palo Alto Networks as buy Citi said in its initiation of CyberArk, Zscaler and Palo Alto Networks that the stocks are well positioned and have resilience. "The 2016-2021 period has proven to be a golden era for the endpoint security market, with the sub-segment witnessing the most torrid growth in recent memory." KeyBanc upgrades ViacomCBS to sector weight from underweight KeyBanc said in its upgrade of the media company that subscriber growth could lead to improving sentiment. "We believe VIAC fundamentals going forward are poor and expectations are high for EBITDA/FCF, both of which are likely to decline in 2022 given ramping streaming investment. However, we worry that accelerating subscriber growth and break down of profitability between legacy Media and DTC could lead to improving sentiment and overenthusiasm could ensue à la 2021." Wells Fargo downgrades Kroger to underweight from equal weight Wells Fargo said in its downgrade of Kroger that it's concerned about rising inflation. "Grocery retail has historically been one of the toughest businesses in consumer [sector], in our view, given well documented structural issues." Read more about this call here. Bank of America reiterates Apple as buy Bank of America kept its buy rating on shares of the tech giant and says it expects a robust quarter when Apple reports earnings Thursday. "We expect a strong F1Q on improved supply of higher end phones including the iPhone 13 series." Evercore ISI upgrades Excel Energy to outperform from in line Evercore said in its upgrade of Excel Energy that it's bullish for the long term and that patient investors will be rewarded. "Long term we are more constructive due to relative valuation support and view accelerated decarbonization along with state/federal policy support as a major tail wind to sector growth." KeyBanc downgrades Anaplan to sector weight from overweight KeyBanc said in its downgrade of Anaplan that it's waiting for better visibility from the business-planning software company. "Despite our optimism around the management team and general strategy, we are downgrading to sector weight as we look for improved visibility into prospects for sustainable growth acceleration and elevated strategic positioning." Bank of America names Starbucks a top pick into earnings Bank of America kept its buy rating on the coffee giant and says it sees upside to consensus heading into earnings Feb. 1. "For SBUX , we forecast upside to consensus US comps, strong app use and Starbucks Rewards membership." UBS names Alphabet a top pick into earnings UBS said in a note to clients Tuesday that its ad checks look solid heading into Alphabet earnings in early February. "We expect some caution in the outlooks, particularly through 1H, but we think this is anticipated by investors and more than priced into shares. GOOGL stands out among our ad checks as likely to have a solid 4Q." Morgan Stanley names Exxon a top pick into earnings Morgan Stanley reiterated its overweight rating on shares of Exxon and says it sees upside to consensus heading into earnings in early February. "Improving FCF outlook and dividend sustainability. With a more constructive commodity price outlook, lower capital spending, and additional cash operating cost savings, the dividend is covered in 2021 and averages > 100% over the next five years on our estimates." Atlantic Equities initiates Twilio as overweight Atlantic Equities said in its initiation of Twilio that it sees an attractive buying opportunity. "We initiate on Twilio with an overweight rating and a $240 price target. We believe the recent 58% sell-off represents an attractive opportunity to enter a secular growth story of a major enabler driving enterprises' digital transformations."

The logo of Alphabet Inc's Google outside the company's office in Beijing, China, August 8, 2018.

Thomas Peter | Reuters

Here are the biggest calls on Wall Street on Tuesday:

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