Here are Monday's biggest analyst calls: Nvidia, SpaceX, Apple, Micron, Coinbase, Tesla, Sweetgreen & more
Here are Monday’s biggest calls on Wall Street: JPMorgan reiterates Apple as overweight JPMorgan said its checks show Apple’s iPhone lead times are healthy. “While high lead times at this point in the cycle are not uncommon, the limited moderation into Week 3 suggests demand remains healthy following the stronger than expected Week 2 expansion.” KeyBanc upgrades First Solar to sector weight from underweight Key upgraded the stock on valuation. “We are upgrading FSLR from Underweight to Sector Weight on valuation.” Raymond James upgrades Park Hotels to strong by from market perform The firm said shares are compelling. “We are upgrading PK t o Strong Buy while downgrading RLJ to Market Perform. Both stocks are up ~50% YTD, though we see more upside in PK from here given the inexpensive valuation and more tangible/visible company-specific EBITDA drivers for next year.” JPMorgan reiterates Tesla as neutral JPMorgan lowered its price target to $415 per share from $445. “We reduce our delivery estimates for TSLA to reflect weaker than expected deliveries in China and US, offset partially by strength in RoW [rest of world].” Jones Trading initiates CoreWeave as buy Jones Trading said CoreWeave is firing on all cylinders. “Sitting at the Epicenter of AI/HPC Information Processing; Initiate at Buy.” Seaport initiates Jack Henry as buy Seaport said the fintech company for banks has plenty of room to run. “We are initiating coverage of Jack Henry (JKHY) with a Buy rating and $193 PT.” Jefferies downgrades Roblox to underperform from hold Jefferies said bookings look too optimistic. “We are downgrading RBLX t o underperform (from Hold), as the 30% run in the stock post Q2 results reflects an overly optimistic view of the 12mo Bookings trajectory.” Evercore ISI reiterates SpaceX as outperform Evercore said it sees significant upside ahead. “SPCX remains one of our top picks…” Deutsche Bank upgrades Royal Caribbean to buy from hold Deutsche said shares are compelling. “We are upgrading RCL to Buy from Hold. We believe the stock’s 26% decline since August 5 (with the SPX being flat) provides considerably more favorable risk/reward from current levels.” Deutsche Bank downgrades PepsiCo to hold from buy Deutsche said it’s concerned about the company’s direction. “We downgrade PEP s hares to Hold—acknowledging low valuation vs. recent history—as we now have less certainty in PEP’s strategic direction in North America…” Wells Fargo upgrades Sweetgreen to overweight from equal weight Wells said the transformation for Sweetgreen is taking effect. “The team has made necessary adjustments, our checks point to a recovery taking hold in September, & we see upside ahead as fundamentals improve and comps ultimately inflect positive in FY27.” Roth initiates Buda Juice as buy Roth said the juice company is unique. “We initiate coverage o f Buda Juice with a Buy rating and $12 price target. BUDA has a bold vision: to sell fresh, unpasteurized juices and other products at attractive prices in the produce section of major retailers.” Baird reiterates Micron as outperform The firm raised its price target to $1,520 per share from $1,280 ahead of earnings later this week. “We are incrementally positive on Micron n ear- and medium term, owing to 1) the recent surge in agentic AI demand, notably driving CPU demand and which we expect will be ongoing next year; 2) a deceleration in DRAM supply bit growth outlook industrywide for 2027 versus this year…” Read more. Bank of America initiates IonQ as buy Bank of America said the quantum computing company has plenty of upside. “We rate IonQ with a Buy. IonQ has the largest current revenue base in the public pure-play quantum comp set, with a trapped-ion architecture offering high fidelity, long coherence and flexible connectivity.” Evercore ISI reiterates Resideo as outperform Evercore said the company is a “self help” story. “Post-spin, Resideo is a cleaner pure-play residential sensing and controls manufacturer with 20%+ standalone adjEBITDA margins.” Barclays reiterates Nvidia and Broadcom as overweight Barclays said both company’s have robust balance sheets. “Balance sheets at NVDA and AVGO remain healthy and leveraging it to support partners or customers that lack sufficient financing is the best use of capital.” Bank of America upgrades Teleflex to buy from neutral The firm said it sees growth potential for the medtech company. “We think TFX could be the next value medtech re-rating story with a new management team and better execution.” Bank of America upgrades Royal Caribbean to buy from neutral Bank of America said it sees plenty of room for growth. “RCL is a high-quality business that generates ROIC in the high-teens, EBITDA margins of nearly 40%, has an investment grade balance sheet, is over 50% hedged on 2027 fuel, and recently announced an investment in Sandals Resorts that we believe can generate outsized EBITDA growth.” KBW reinstates Coinbase as outperform The firm said Coinbase is a share gainer. “We believe the cycle is turning, while COIN continues to gain global share.” Barclays upgrades Liberty Energy to overweight from equal weight Barclays said the “next phase of the distributed power trade is underway.” “After being on the sidelines on LBRT since October ’25, we now upgrade to Overweight on increased confidence in the company being able to secure at least 500MW of contracts before year-end with further line of sight to additional contract announcements next year.”
