Here are Tuesday's biggest analyst calls: SpaceX, Nvidia, Apple, BlackRock, Alphabet, CoreWeave & more
Here are Tuesday’s biggest calls on Wall Street. Cantor Fitzgerald reiterates SpaceX as overweight Cantor said it’s bullish ahead of earnings on Tuesday after the bell. “We are constructive on OW-rated SPCX i nto 3Q26 earnings due to what view as material upside to 2027 buyside expectations, faster- than-expected handset ambitions, and increased crowding around ‘defensive risk.'” Morgan Stanley names Seagate a top pick Morgan Stanley raised its price target to $1,200 per share from $1,187. “We reiterate OW on STX /WDC, reinstate STX as Top Pick, and see WDC as the more favorable tactical name into earnings.” Mizuho initiates Restaurant Brands International as outperform Mizuho said the owner of brands like Burger King has global momentum. “A rejuvenated Burger King, sustained International momentum, and improving Tim Hortons and Popeyes position Restaurant Brands for ~3% long- term SSS growth, including another quarter of SSS growth upside in Q3.” Stephens initiates Concentra as overweight Stephens said the healthcare company has a differentiated offering. “We initiate coverage on CON with an OW rating and $45 price target reflecting its differentiated occupational health center (OHC) model, scale, and competitive earnings algorithm.” Rosenblatt initiates SiTime as buy Rosenblatt said it sees “structural growth” for the semiconductor chipmaker. “We are initiating coverage of SiTime with a Buy rating and a $750 price target.” Raymond James initiates News Corp as outperform Raymond James said the media company stock is trading at a discount. “We are initiating coverage of News Corp with an Outperform rating and a $35 price target on NWSA.” Stifel upgrades Trex to buy from hold Stifel said shares of the building products company are compelling. “We are upgrading the TREX shares to Buy from Hold increasing our target price to $55 per share.” Loop downgrades Apple to hold from buy Loop said that the stock needs a “fundamental catalyst reset.” “The gist is that when AAPL previously reduced its Sep Q & Dec Q iPhone unit ships by 10% we believed they would be in a position to make up many (if not most) of these units through CY2027 as the reductions were supply related (memory & processors) & not demand related.This no longer appears to be the case.” Read more. Piper Sandler upgrades Arhaus to overweight from neutral Piper said it sees margin recovery potential. “We are upgradin g ARHS to Overweight and raising our PT to $13 for the following reasons: (1) ARHS comp trends appear to be seeing a very healthy positive inflection – helped by a solid industry backdrop and company-specific initiatives; (2) ARHS has notable margin recovery potential over the next 3-4 years…” JPMorgan initiates nVent Electric as overweight JPMorgan said the company is a data center beneficiary. “On NVT, we initiate coverage with an Overweight rating and a Dec. 2027 PT of $167.” Morgan Stanley initiates AdarX as overweight Morgan Stanley said the biotech company is well positioned. “Derisked siRNA platform combined with a robust clinical stage pipeline provides multiple blockbuster opportunities and numerous value creating catalysts over the next few years, while experienced mgt. team positions ADARx for success.” TD Cowen upgrades BlackRock to buy from hold TD Cowen said it sees meaningful EPS growth for BlackRock. “After languishing for much of ’26, we believe 3Q26 marks a powerful inflection that should result in superior absolute and relative outperformance.” BMO reiterates Alphabet as buy BMO raised its price target on Alphabet and says it remains a top pick. “While we raise 2027E CapEx to $325B, we believe GOOGL’s full-stack capabilities and distribution support durable earnings growth. Reiterate Outperform, Top Pick, and raise our Target Price to $480 from $465.” Wells Fargo upgrades Venture Global to overweight from equal weight Wells said it sees plenty of positive catalysts ahead. “We’re upgrading VG to Overweight from EW & raising our PT to $21/sh on increased confidence VG can execute on at least 2 GW of its AI data center strategy. Rising int’l prices should also materially reduce 2027 leverage, further derisking the story.” Raymond James upgrades Akamai to strong buy from outperform The firm said buy the dip. “We are upgrading shares of Akamai (AKAM) to Strong Buy (from Outperform) following the ‘AI Is Dead’ trade last week, which was fueled by credit risks and fears from higher rates.” BTIG upgrades American Electric to buy from neutral BTIG says “upside is beginning” for the utility company. “AEP has been successful in leveraging its core geographical footprint and forward-thinking work on optimizing time to power to become one of the core large load growth plays.” Jefferies initiates Artivion as buy Jefferies said it sees “multiple expansion.” “We init coverage w/ Buy rating, $31 PT. AORT is an aortic surgical play w/ a healthy cadence of new product launches we expect to support DD sales growth + margin and multiple expansion.” New Street upgrades Liberty Global to buy from neutral New Street said the market is too bearish on Liberty Global. “We see no other European telecoms equities that could offer the potential for > 100% upside from current levels over the next 1-2 years, but with a small equity stub, clearly the risk profile here is well above average.” Deutsche Bank upgrades Healthcare Realty Trust to buy from hold Deutsche said buy the dip in the healthcare real estate investment trust company. “We are upgrading Healthcare Realty Trust (HR) to a Buy rating from Hold with a new $23 PT (from $18 prior).” Piper Sandler reiterates Nvidia as overweight Piper said it’s sticking with the stock but that its checks with investors is mixed. “On NVDA , while investors struggle to identify a catalyst, value investors are doing more work on the name.” Cantor Fitzgerald initiates Modine Manufacturing as overweight Cantor said the thermal management company has plenty more room to run. “We initiate coverage of MOD, a thermal-management company focused on DCs and Commercial HVAC, with an Overweight rating and a $275 price target.” Jefferies initiates Thomson Reuters as buy The firm said it sees AI tailwinds. “We initiate on information services provider TRI at Buy. Improved competitive positioning, faster new product innovation, accelerating organic revenue growth, higher potential operating leverage, an attractive capital return policy, and a P/E of 21x for an adj EPS CAGR of 14% over the next 3 years are reasons to own the stock.” HSBC reiterates CoreWeave as reduce The firm said it sees more “value destruction” for CoreWeave. “Debt market woes and moderating LLM revenues exacerbate structural concern.” Read more.
