Several analysts strengthened or initiated their recommendations on technology and consumer stocks. Evercore ISI reiterated SpaceX and Nvidia as outperform, while Bank of America maintained its buy ratings on Affirm (target raised to $104), Marvell and Tesla. Evercore also raised Amazon’s target to $355 following its annual online commerce survey. William Blair initiated coverage of TeraWulf with a $31 price target, implying 92% upside. On the upgrade side, Argus upgraded Moderna to buy following positive phase 3 results for its personalized cancer vaccine, while CLSA upgraded Baozun to outperform.
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