Here are Monday’s biggest calls on Wall Street:
Morgan Stanley reiterates Tesla as overweight
Morgan Stanley said Elon Musk’s pay package is a “good deal” for shareholders.
“While the proof is in the execution, at face value, the proposed compensation package aligns Tesla minority shareholder interest with those of Elon Musk in a way that incorporates operational milestones, profitability milestones and value creation milestones (market cap) while cementing a long-term commitment to the company.”
Citi reiterates Nvidia as buy
Citi lowered its price target to $200 per share from $210.
“We like Buy-rated NVDA on secular AI growth opportunities.”
Wells Fargo reiterates Apple as overweight
Wells said it sees “revenue upside” from the iPhone 17.
“As highlighted in our weekly report, reports on Apple’s next-gen iPhone 17 price points support 3%-5% revenue upside.”
Evercore ISI reiterates Alphabet as outperform
The firm raised its price target on the stock and says it remains a top pick.
“In the wake of our sixth quarterly proprietary Search survey, we are reiterating our GOOGL Outperform rating and raising our PT from $240 to $300 (24X our ’27 EPS of $12.75, which is 5% above Street).”
Bank of America reiterates Palantir as buy
Bank of America said Palantir remains extremely well positioned for AI.
“In a budget-constrained environment, we see PLTR outperforming the industry growth. PLTR premium pricing limits some broad applications.”
Deutsche Bank reiterates Oracle as buy
Deutsche said it’s sticking with Oracle ahead of earnings on Tuesday.
“however, we underscore Ms. Catz and Mr. Ellison’s multi-decade track record as capital allocators and expect out year operating income and EPS estimates to continue revising higher over the coming years as the scale and yield on Cloud investments become clearer.”
Bank of America reiterates Roblox as buy
The firm raised its price target on the stock to $171 per share from $159.
“RBLX could become the largest video game platform in the world if it attains its goal of 10% share of the global video game industry by 2030.”
Canaccord initiates Bullish as buy
Canaccord said the crypto company is best positioned.
“With a thoroughly modern technology stack complemented by a single global order book, Bullish has evolved into a leading, institutionally focused crypto exchange.”
Morgan Stanley upgrades Sanofi to overweight from equal weight
Morgan Stanley said in its upgrade of Sanofi that investors should buy the dip in the biopharma company.
“Valuation reset presents an attractive entry point.”
TD Cowen upgrades Canada Goose to buy from hold
The firm said the outwear company is well positioned.
“We upgrade GOOS as it moves from classic to year-round lifestyle outerwear product.”
Mizuho upgrades Chewy to outperform from neutral
Mizuho said the risk/reward is too attractive to ignore for Chewy.
“Following a pullback off recent highs, we now see the risk / reward for shares tilted heavily upwards.”