Core Insights - Wall Street analysts are increasingly optimistic about major tech stocks, including Honeywell, Alphabet, Apple, Microsoft, Booking Holdings, and Tesla, leading to multiple upgrades and positive price targets ahead of earnings reports [2][3][6][7][8][9]. Company Summaries - Honeywell (HON): Upgraded to outperform by RBC with a new price target of $253, up from $235, following better-than-expected quarterly results, reporting adjusted EPS of $2.82 on revenue of $10.41 billion, surpassing expectations of $2.57 EPS on $10.14 billion revenue [3][5]. - Alphabet (GOOG): JPMorgan reiterated an outperform rating with a price target of $300, noting a 37% year-to-date increase and a favorable outcome in the DOJ Search Commercial Agreement trial, which alleviated previous concerns [6]. - Apple (AAPL): Also receiving an overweight rating from JPMorgan with a price target of $290, analysts highlighted that Apple is entering earnings with more positive indicators than in the past year, particularly regarding iPhone sales [7]. - Microsoft (MSFT): Upgraded to a buy rating by Guggenheim with a price target of $586, indicating a 12% upside, as analysts believe Microsoft is well-positioned for growth in artificial intelligence [8]. - Booking Holdings (BKNG): Upgraded to a buy rating by Truist, citing that fears regarding secular downside risks are overblown, supported by Asia's long-term travel outlook and steady GDP growth [8]. - Tesla (TSLA): Morgan Stanley reiterated an overweight rating, emphasizing Tesla's focus on artificial intelligence and fully autonomous driving, suggesting confidence in the company's future prospects [9].
Wall Street is Pounding the Table Over HON, GOOG, AAPL, MSFT, BKNG, and TSLA