Here are Tuesday's biggest analyst calls of the day: Walmart, Ford, Meta Platforms, Coinbase & more

Published Tue, Feb 22 20228:43 AM ESTUpdated Tue, Feb 22 202211:44 AM EST

Here are the biggest calls on Wall Street on Tuesday: Goldman Sachs adds Datadog to the conviction-buy list Goldman added the cloud company to its conviction-buy list and said it sees outsized growth. "We are adding Datadog to our Conviction List and reiterate our Buy rating and 12-month $250 PT. We are incrementally more positive given that growth can continue to outpace the overall observability market as cloud adoption remains nascent." Morgan Stanley reiterates Best Buy as equal weight Morgan Stanley kept its equal weight rating on shares of the big-box electronics retailer. The firm said it's cautious ahead of earnings next week. "The market is expecting a top-line miss with negative LSD (low single-digits) to MSD (mid-single-digits) comps, potentially the first sales miss for BBY in several years." Bernstein upgrades Advanced Micro Devices to outperform from market perform Bernstein said in its upgrade of the stock that it's "downright attractive" right now. "But time heals all wounds, and (as has frankly been abundantly clear for years) this is not the AMD of a decade ago. And with the combination of continued stellar execution, increasingly bankable earnings power, and a recent sizable pullback making valuation (dare we say?), downright attractive we are, for the first time in almost a decade, pulling the trigger." Read more about this call here. Citi adds Polaris to the focus list Citi added the motorcycle stock to its focus list and said it sees a long-term margin opportunity as supply chain concerns ease. "As our favorite name across our leisure coverage, embodying what we believe are the most paths to upside with both near-term and longer-term catalysts alike, we are adding Polaris Inc. to the Citi Focus List." Read more about this call here. Jefferies downgrades Goodyear Tire to neutral from buy Jefferies said in its downgrade of Goodyear that it's concerned about the company's lack of cash flow. "We downgrade to Hold with PT $17 (down from $20) in absence of a short-term catalyst for the stock. Valuation should offer some downside protection after the sharp sell-off post results." HSBC reiterates Meta Platforms as hold HSBC lowered its price target on shares of the company formerly known as Facebook to $225 per share from $300. The firm said there are too many business risks. "Meta's Q4 21 results were a collection of warning signs, leading to a drastic fall in share price on the day of 26.3% (-2.4% for the S & P 500). The company reported a 4.1% miss on operating profit vs. consensus with no subscriber growth, coupled with a cautious outlook for 2022." Wells Fargo downgrades DraftKings to equal weight from overweight Wells Fargo said in its downgrade of the stock that it's concerned about "accelerating" operating expenses. "We are downgrading DKNG from Overweight to Equal Weight and lowering our PT to $19 from our prior $41. To be clear, we remain bullish on U.S. digital gaming, but prefer CZR and FLTR here; our downgrade is company specific and reflects our growing concern on DKNG's path to profitability given its fast-growing operating expenses" Read more about this call here . Piper Sandler reiterates Coinbase as overweight Piper Sandler kept its overweight rating on shares of the crypto company. The firm said it's bullish heading into earnings later this week. The firm says its recent downloads point to strong fourth-quarter revenue. "Though limited data, app downloads provide a read-through to COIN results in recent quarters. … .Recently, quarterly app downloads and retail transaction revenues appear highly correlated." JMP upgrades Okta to market outperform from market perform JMP said the cloud-computing company's platform strategy gives it an edge over peers. " OKTA maintains a significant leadership position in the Access Market, but is poised to be the go-to platform for all things identity, building upon its foundational Identity Cloud technology." Oppenheimer reiterates Papa John's as a top pick Oppenheimer said investors should buy the dip in shares of the pizza chain. " PZZA represents a high-conviction top pick for 2022, and we'd take advantage of the 14% year-to-date pullback (vs. -8.8% for the S & P 500) into 4Q21 results (2/24)." Goldman Sachs upgrades Visteon to buy from neutral Goldman said in its upgrade of the automotive electronics supplier that it sees "strong revenue and earnings growth." "We upgrade Visteon shares to Buy from Neutral, as we believe that both company speciﬁc and cyclical factors will contribute to strong revenue and earnings growth. Bank of America reiterates Nvidia as a top pick Bank of America reiterated its buy rating on shares of Nvidia. The firm said the company has "unique" growth drivers and that it's bullish on its upcoming analyst day. " NVDA has uniquely expanded into selling systems and boards with embedded software versus chip-only sales from peers." Bank of America reiterates Salesforce as a top pick Bank of America kept its buy rating on shares of Salesforce. The firm said its recent checks show deal activity as "in line or above expectations." "We conducted a round of calls with key Salesforce SI (system integrator) partners to gauge activity during the quarter. Feedback suggests deal activity has consistently tracked in line or above expectations. Morgan Stanley reiterates Walmart as overweight Morgan Stanley lowered its price target on shares of the big-box retailer to $165 per share from $170. The firm said Walmart is still a stock to own "as the market undergoes a mid-cycle transition." "We expect WMT to sustain recent momentum in its core business in F'23 and see a growing ability to balance longer-term investments with near-term returns." Williams Trading downgrades Nike to hold from buy Williams said in its downgrade of the stock that it sees too many negative catalysts in the near term. The firm also said "pandemic-related shutdowns and increased nationalism in China have increased." "We are downgrading NKE from Buy to Hold and lowering our PT from $196 to $125. Nike remains one of the best companies anywhere, in our view, but the Nike stock does not share that status today." Wells Fargo reiterates Ford as overweight Wells Fargo said in a note to clients on Tuesday that a spin-off of the company's battery electric vehicle business is not compelling. "We do not think a complete spin of the BEV (battery electric vehicle) and mobility business is compelling. Structurally, a complete spin is extremely complex, particularly as both companies leverage the Ford brands, plants and dealer network."

Walmart in Haymarket, Virginia, USA

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Here are the biggest calls on Wall Street on Tuesday: