Here are Wednesdays biggest analyst calls: Nvidia, SpaceX, Tesla, Apple, Chevron, Cava, Micron & more
Here are Wednesday’s biggest calls on Wall Street: Morgan Stanley reiterates Microsoft as overweight Morgan Stanley said it sees a compelling risk/reward. “Microsoft increased its quarterly dividend by 7 cents or 8% to $0.98 per share. $3.92 annualized dividend implies a 0.78% yield, up from 0.7% prior. Combined with high-teens EPS growth, this supports a durable high-teens total return profile at MSFT, f raming an attractive risk/reward.” Seaport initiates Cava as buy Seaport likes the company’s brand awareness. “CAVA i s the only scaled Mediterranean fast casual brand with significant runway and an opportunity to define the category. Brand awareness is still far below peers and newer stores are generating SSS growth faster than system averages. Our $58 target equates to 29x FY27E EBITDA and is supported by our 10yr DCF analysis.” BTIG initiates American Bitcoin as buy BTIG said the bitcoin miner has plenty of upside. “American Bitcoin was built to acquire Bitcoin (BTC) . ABTC’s dual-focused strategy includes its 1) BTC mining operations which currently sits at ~28 EH [exahash] (~3% of global hash) and 2) open-market BTC purchases.” Wells Fargo initiates Sylvamo as overweight Wells said the paper company has upside potential. “We believe SLVM’s low-cost asset base and visible post-2026 FCF inflection outweigh the secular pressure facing UFS [Uncoated Freesheet]. As near-term earnings noise clears, multiple levers for incremental value creation provide further upside potential.” Goldman Sachs reiterates Tesla as neutral Goldman said its checks show deliveries tracking below consensus. “We believe that Tesla’s 3 Q26 vehicle deliveries are tracking below consensus and our prior view, and we lower our forecast to 435K from 490K.” Morgan Stanley reiterates SpaceX as overweight The firm said the stock has “defensive” attributes. “We reiterate our OW on SpaceX’ s potential to drive improvement in intelligence-per-watt-per-dollar-per-second.” UBS upgrades Union Pacific to buy from neutral UBS said it sees volume growth. “We are upgrading UNP to Buy from Neutral. Our analysis of key customer markets points to a second year of strong volume growth in 2027 and our analysis of intermodal and merchandise pricing versus the truckload market points to a stronger tailwind from price.” Barclays upgrades Alvotech to overweight from equal weight Barclays said in its upgrade of Alvotech that the biotech company has plenty of positive catalysts ahead. “As the company approaches the next wave of US biosimilar approvals/ launches in 4Q26 with a strong product revenue ramp beginning in 3Q26 as product capacity returned to normal following the conclusion of facility remediation efforts, we believe the risk/ reward now skews meaningfully positive.” Deutsche Bank upgrades Anheuser-Busch InBev to buy from hold Deutsche said Anheuser -Busch InBev is undervalued. “While the stock appears expensive on P/E, it is cheap on FCF yield. We therefore see scope for further upside and rate the shares Buy.” Read more. Wolfe upgrades Paychex to peer perform from underperform “We are upgrading shares of PAYX from Underperform to Peer Perform and establishing a FV range of $120-$135.” Needham upgrades Rocket Pharmaceuticals to buy from hold Needham said it sees sales growth for the gene therapy biotech company. “Rocket is a pioneer in the development of both ex vivo lentivirus-based and in vivo adeno-associated (AAV) based therapies.” Citi reiterates Meta as buy Citi added a positive catalyst watch on stock ahead of its Meta Connect conference. “Ahead of Meta Connect on 9/23-24 whereby we expect Meta to update its AI product strategy, we are adding an upside 90-day Catalyst Watch on shares of META and we reiterate our Buy rating.” JPMorgan upgrades Creditcorp to overweight from neutral The firm said it likes the LatAm company’s EPS growth. “Despite El Niño risk, which also somewhat impacts Colombian banks, we see BAP as a good name for investors willing to compound EPS growth with a high ROE.” Morgan Stanley reiterates Apple as overweight The firm said its checks show iPhone 18 demand might be “better than feared” for Apple. “Flattish iPhone 18 Pro/Pro Max lead times globally despite +18% Y/Y premium builds in C2H suggest demand may be tracking better than feared, despite a staggered Duo launch.” Goldman Sachs reiterates Chevron as buy Goldman raised its price target to $240 per share from $225 following a series of meetings with management. “We hosted senior leadership from Chevron Corp (CVX) for a roundtable dinner on 9/14, followed by a full-day event on 9/15 featuring a Q & A with executives and a technology showcase.” Needham upgrades Similarweb to buy from hold Needham said it’s more constructive on the stock following investor meetings. “We upgrade SMWB shares from Hold to Buy after hosting investor meetings with CFO Ran Vered and Investor Relations VP Adam Hotchkiss.” Evercore ISI adds BP to the tactical outperform list Evercore said it likes the company’s balance sheet. “We are adding BP to our Tactical Outperform List. The balance sheet at BP promises to be one of the most transformed in 2H26 by the current commodity price environment.” Bank of America reiterates Nvidia, Marvell, Broadcom and Micron as buy The firm said it sees several semis stocks as compelling right now. “Overall, we maintain our bullish stance on key AI infra semis beneficiaries, with top sector picks: NVDA, MRVL , AMD, AVGO, MU, LRCX.
