(That is CNBC Professional’s stay protection of Tuesday’s analyst calls and Wall Avenue chatter. Please refresh each 20-Half-hour to view the most recent posts.) Analysts kicked off the brand new 12 months on Tuesday specializing in main tech corporations. On one hand, Stifel referred to as Nvidia certainly one of it prime performs for 2024 after a stellar efficiency in 2023. On a extra destructive notice, Barclays downgraded Apple to underweight from equal weight, citing weak point round iPhone gross sales and different merchandise. Take a look at the most recent calls and chatter under. 5:35 a.m. ET: Barclays downgrades Apple, says inventory may lose greater than 15% It is time to take a breather on Apple , in accordance with Barclays. Analyst Tim Lengthy downgraded the iPhone maker to underweight from equal weight, discouraged by weak point in iPhone volumes and blend in addition to in Macs, iPads and wearable gadgets. His $160 value goal suggests the inventory may lose about 17% from its newest shut. Shares dipped 1.2% in premarket buying and selling Tuesday. “[iPhone 15] has been lackluster and we believe IP16 should be the same,” Lengthy wrote in a Tuesday notice. “Other hardware categories should remain weak, and we don’t see services growing more than 10%. We expect reversion after a year when most quarters were missed and the stock outperformed.” Ongoing weak outcomes coupled with a number of growth is not “sustainable,” Lengthy stated, including that subsequent 12 months will probably be extra dangerous for Apple’s companies enterprise, which incorporates Apple Pay. Apple’s fiscal fourth-quarter outcomes had surpassed analyst expectations for gross sales and earnings per share, however indicated a decline in total gross sales for the fourth quarter in a row. — Pia Singh 5:35 a.m. ET: Stifel names Nvidia a ‘finest concept’ for 2024 Stifel referred to as Nvidia , final 12 months’s best-performing S & P 500 inventory, a “best idea” for the brand new 12 months, noting the chipmaker can construct on the factitious intelligence momentum from 2023. “We believe that NVDA is well positioned in markets that combine to yield an overall TAM of more than $100 billion exiting 2025 and a longer term opportunity funnel that could approach $1 trillion,” Stifel analysts stated. “While we continue to view NVDA’s exposure to the Gaming, Automotive and Professional Visualization favorably, the shift from general purpose compute to accelerated compute represents the company’s most significant revenue and profitability growth opportunity over the next several years,” they stated. Nvidia roared greater in 2023 with a 238.9% surge. The agency’s value goal of $665 implies upside of 34.3% going ahead. NVDA mountain 2022-12-30 NVDA in 2023 — Fred Imbert