Here are Wednesday’s biggest calls on Wall Street:

UBS reiterates Tesla as neutral

UBS raised its price target to $391 per share from $385 ahead of earnings.

“Stock reactions the last few quarters have not been driven significantly by NT fundamentals with continued focus on TSLA’s long term physical ventures. Investor belief in these long-term value drivers is likely to create a high floor for the stock in the quarters ahead, however.”

Morgan Stanley reiterates SpaceX as overweight

Morgan Stanley said SpaceX is going to create “millions” of jobs.

“The next chapter of the SpaceX story is its role in converting energy (e) into intelligence (i) through physical robots (r) manufactured on/near shore.”

DA Davidson reiterates Micron as buy

DA raised its price target on Micron following a series of investor meetings.

“We attended investor meetings with Samir Patodia, Sr. Director of IR, and Jeff Grattan, Director of IR, which allowed us to get an updated sense for investor sentiment and questions. ... We reiterate the Buy rating and increase our price target to $3,000 from $2,100, a 19x market multiple on our FY27 EPS estimate.”

TD Cowen upgrades Marvell to buy from hold

The firm upgraded the stock following its investor day.

“Upgrading Marvell as the fundamental growth drivers for the company have, in our view, now fully shifted to the company’s strong connectivity franchise and more importantly the concentration (and margin) risk associated with custom XPU programs has been largely derisked.”

Jefferies upgrades Ambiq Micro to buy from neutral

Jefferies said the semis company has “high potential.”

“We initiate AMBQ with a Buy/$90 PT.”

Citi upgrades Flutter to buy from neutral

Citi said buy the weakness.

“We upgrade Flutter to Buy (from Neutral) with a $91 TP and sit materially above VA cons on 3Q26e US Adj. EBITDA.”

Morgan Stanley upgrades Gold Fields to overweight from equal weight

Morgan Stanley said buy the dip.

“We upgrade Gold Fields to Overweight post underperformance through 2026.”

Evercore ISI upgrades NetApp to outperform from in line

Evercore said growth “appears conservative.”

“We are upgrading NTAP to Outperform from In Line and raising our target to $300.”