Here are Monday's biggest analyst calls: Apple, Tesla, Amazon, Netflix, Alibaba, Meta, Uber & more

Published Mon, Jan 9 20238:33 AM ESTUpdated Mon, Jan 9 202312:46 PM EST

Here are Monday's biggest calls on Wall Street: Bernstein reiterates Apple as market perform Bernstein said it's concerned about disappointing iPhone revenues for Apple. "We believe that iPhone revenues this year are likely to disappoint, and we see the potential for downward revisions (we are 6% consensus EPS for FY 23)." Citi reiterates Tesla as neutral Citi said Tesla's fourth-quarter setup is improving but that the company's earnings report is not likely to resolve everything. "The recent selloff has been driven by legitimate negative developments (Dec. China demand/share) and other concerns that we don't think Q4 results alone are likely to resolve." JPMorgan reiterates Netflix as overweight JPMorgan said it's staying bullish heading into Netflix earnings next week. "Heading into 4Q earnings on Thursday, 1/19, we remain bullish on NFLX shares (upgraded to Overweight on 10/19/22) & the company's ability to reaccelerate revenue, expand operating margins, & grow FCF in 2023." Guggenheim upgrades AutoZone to buy from neutral Guggenheim said it sees "operational improvement" for the auto parts retailer. "In fact, one could argue that the greatest degree of operational improvement has been generated by AutoZone Inc." Bank of America names Amazon, Uber and Pinterest as top 2023 picks Bank of America named Amazon , Uber and Pinterest as top ideas for 2023, noting it likes stocks with margin growth potential. "For risk-on stocks, we generally favor: 1) share gainers in their sectors, 2) operations that will benefit from a positive shift in consumer or business spending, 3) significant margin growth potential from current levels (Street needs reason for upside optimism), and 4) valuations well below historical averages." Goldman Sachs adds Alibaba to the conviction buy list Goldman added the stock to its top picks list and said it thinks the worst is behind it. "We see Alibaba at 11X 2023 adj. P/E as the best value stock proxy to enjoy advertising recovery, ﬁntech and cloud structural growth, add to CL as we believe the worst is behind us after two years of downward earnings revisions with the largest room for valuation multiple repair amongst the mega caps as its top-line growth resumes and 2022-25E earnings resume to mid-teens growth." Read more about this call here. Piper Sandler upgrades Oracle to outperform from neutral Piper Sandler said it sees an "improving" risk/reward for Oracle shares. "Upgrading to Overweight on an improving risk-reward as cloud momentum takes hold. KeyBanc upgrades Visa and Mastercard to overweight from sector weight KeyBanc upgraded several credit card stocks on Monday and said it sees "growth durability." " V/ MA : upgrade to OW as our prior travel-related dislocation concerns have faded and new flows (e.g., P2P, B2B etc.) beyond consumer card are improving the diversification and growth durability." Read more about this call here. Piper Sandler upgrades Uber to outperform from neutral Piper said in its upgrade of Uber that it sees consumers opting to hail rides instead of replacing old cars. "Vehicle prices a