(This is CNBC Pro's live coverage of Tuesday's analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A chipmaker and a beleaguered cybersecurity stock were among the stocks being talked about by analysts on Tuesday.
Morgan Stanley named Taiwan Semiconductor a top pick. Meanwhile, Piper Sandler upgraded CrowdStrike to overweight from neutral. Check out the latest calls and chatter below.
All times ET. 5:49 a.m.
: Piper Sandler upgrades CrowdStrike, says investors should buy the dip Piper Sandler thinks CrowdStrike can make a strong rebound from the crises surrounding the global tech outage — and that investors should take advantage of the event. Analyst Rob Owens upgraded the global cybersecurity company to overweight from neutral and lowered his price target by $20 to $290, which implies 30.6% upside.
Although he lowered his target due to estimate reductions on the stock, he thinks shares are now trading at a compelling risk/reward level. CrowdStrike shares have plunged 43% over the past month since the company issued a software update, which affected millions of computers running Microsoft's Windows operating system, leading to global outages across different industries. Delta Air Lines is seeking damages from CrowdStrike and Microsoft after the outage.
CRWD 1M mountain CRWD 1-mo chart Owens thinks CrowdStrike "did a good job" in handling the global outage and preserving customer relationships. Its strong cash flow generation, .