Here are the biggest calls on Wall Street on Monday:

Wells Fargo reiterates Oracle as overweight

Wells says Wall Street sentiment on Oracle is too negative right now.

“We see all of the bad, but hardly any of the good being priced in.”

Stifel reiterates Nvidia as buy

Stifel says it’s sticking with shares of Nvidia.

“Nvidia is the pioneer of AI infrastructure, including across the scale-up networking frontier.”

Deutsche Bank reiterates Woodward as buy

Deutsche raised its price target to $400 per share from $300 on the aerospace company and says it’s an “aftermarket gold mine.”

“Ultimately, we believe that this analysis supports our view that Woodward remains one of the best long-term organic compounding stories in Aerospace.”

Raymond James upgrades Cummins to outperform from market perform

The investment bank sees a recovery in the trucking markets.

“While acknowledging CMI’s strong YTD outperformance, we still see a compelling risk/reward
trade-off with ~20% upside in our bull case, which considers a faster recovery in truck markets.”

Wells Fargo initiates Arcellx at overweight

Wells says the biotech company has “market leadership.”

“We are initiating on ACLX at OW w/ an $100 DCF-based PT.”

Morgan Stanley reiterates Starbucks as overweight

Morgan Stanley says it’s seeing signs the turnaround is working for Starbucks.

“SBUX will report F1Q Jan 28 and hold an investor day in New York Jan 29, a rather early but important update on the company’s turnaround so far, which is showing some early traction.”

Jefferies initiates BlackSky Technology at buy

Jefferies says the satellite company is attractive.

“BlackSky’s unique space based imagery offering provides runway on expanding international adoption, recovery of USG [U.S. Government], and a refreshed constellation by YE 2026 supporting 2 to 4X revenue generation.”

Bank of America reiterates Amazon and Walmart as buy

Bank of America says Amazon and Walmart remain well positioned in the wake of its annual holiday pricing survey.

“Overall, our data suggest that Amazon has best average delivery speed and availability among large retailers, but Walmart had a slight pricing advantage this year (by 0.5%) for the subset of items available on both sites.”

Loop upgrades Ollie’s to buy from hold

Loop says the discount retail store is undervalued.

“We are upgrading Ollie’s Bargain Outlet to a Buy from a Hold rating while raising our price target to $135 from $130 following our recent store tour led by Managing Director, Corporate Communication & Business Development John Rouleau and district management.”

Wedbush reiterates Microsoft as outperform

Wedbush says the stock remains a “core winner.”

“We maintain our OUTPERFORM rating and $600 price target and Microsoft remains a core winner in the IVES AI 30 list.”

Citigroup adds a positive catalyst watch on Marvell Technology

Citi says it’s bullish on the stock ahead of the Consumer Electronics Show in early January.

“We hosted Marvell’s SVP of Finance Steve Vermillion and SVP of Investor Relations Ashish Saran for investor meetings in Asia last week. Meetings reinforced positive conviction in our core thesis of accelerating Y/Y sales growth in 2026/27 driven by AI data centers.”