Here are Monday’s biggest calls on Wall Street:

Citi reiterates Apple as buy

Citi raised its price target to $365 per share from $315.

“We remain constructive on Apple shares and expect the company to continue gaining market share despite a slowing devices end market.”

Jefferies reiterates Tesla as hold

Jefferies raised its price target on Tesla to $400 per share from $375.

“We raise Q2 EBIT to $1.45bn (5.1% margin), outer years’ EBIT by ~6% and PT to $400.”

Morgan Stanley reiterates SpaceX as overweight

Morgan Stanley added the company to its Space 60 list.

“The Space 60 is a diversified list of publicly traded enablers across the space value chain, from raw materials to launch and satellite operators. We add SpaceX, as its most vertically integrated, and now largest, constituent. Also adding HawkEye 360, Applied Aerospace, and Satellogic.”

Mizuho reiterates Nvidia as outperform

Mizuho said it’s sticking with the stock.

“We see NVDA remaining the leader in AI training and inference chips for data center applications (we estimate >75% share today).”

Oppenheimer reiterates Netflix as outperform

The firm lowered its price target on Netflix.

“Lowering target to $100 (was $120), but reiterating Outperform as historically low P/E already reflects near-term revenue headwind from lower ad monetization & plan mix. Concern over weaker viewership also overblown.”

Goldman Sachs upgrades Nio to buy from neutral

Goldman Sachs said it sees strong volume growth.

“We upgrade Nio to Buy with 12-month DCF-based target prices of US$7.0/HK$55, implying 46%/42% upside potential. Among our coverage, we expect Nio to not only deliver one of the fastest volume growth profiles, but also a premium margin profile and strong profit/FCF turnaround in 2026E.”

Jefferies upgrades Shopify to buy from hold

Jefferies said it sees several near-term tailwinds.

“We already had a positive bias toward SHOP — fundamentals have been robust and agentic commerce should be a long-term positive.”

Benchmark initiates Disney as buy

Benchmark said Disney has a powerful platform.

“We initiate coverage of The Walt Disney Company (NYSE: DIS) with a Buy rating and $115 PT, based on applying a 17x multiple to our FY26 AEPS estimate.”

Loop downgrades Best Buy to hold from buy

Loop downgraded the stock on valuation.

“We are downgrading the shares of Best Buy to Hold from Buy while maintaining our $82 price target.”

JPMorgan upgrades American Express to overweight from neutral

JPMorgan said the stock is defensive.

“While AXP trades at a slight premium to the group, we believe that premium is warranted given the defensive nature of its revenues. AXP’s affluent, high-income customer base is relatively shielded from the Middle East crisis and the associated energy squeeze, as these consumers spend a far smaller share of disposable income on fuel.”