Here Monday's the biggest analyst calls: Nvidia, Apple, Tesla, Broadcom, Microsoft, IBM, Meta, Tyson Foods & more
🔭 Goldman Sachs initiates HawkEye 360 as a Buy, citing substantial revenue and earnings growth potential in the RF signals intelligence satellite sector.
🐬 Morgan Stanley upgrades Dell to Equal Weight from Underweight after admitting its prior memory thesis was incorrect, noting better supply management and execution than peers.
🏥 Wells Fargo upgrades Tandem Diabetes Care to Overweight, highlighting an attractive risk/reward profile for the medical technology company.
🤖 Cantor Fitzgerald reiterates Tesla as Overweight, specifically bullish on humanoid robots (Optimus) production which is expected to reach 1M units annually by replacing Model S/X lines.
💻 Citizens initiates Microsoft with a Market Outperform rating and $550 price target after the stock underperformed the broader market earlier in the year.
🛡️ Barclays initiates IBM as Overweight, viewing its software portfolio as a stable growth engine and assigning a $350 price target.
🌍 Needham initiates MP Materials and USA Rare Earth as Buys, expecting a multi-year investment cycle for rare earths driven by global supply chain diversification efforts.
📱 RBC reiterates Meta as Outperform, suggesting the stock is undervalued due to trends in compute capacity and AI-enabled entrepreneurship expanding the total addressable market.
🍎 Citi reiterates Apple as a Buy, expressing incremental positivity on iPhone shipments for the year and positioning well against memory pricing pressure from the iPhone 17 family.
🔒 Guggenheim upgrades Zscaler from Neutral to Buy with a $214 price target, implying 53% upside based on discounted cash flow analysis.
🪨 Canaccord initiates Rare Earth Americas as a Buy using sum-of-parts valuation methodology and believes the shares are underappreciated.
🧠 DA Davidson adds Nvidia to its Best Ideas list, citing a durable competitive advantage in AI computing supported by a full-stack platform spanning GPUs and networking.
💄 TD Cowen initiates Interparfums as a Buy, noting competitive positioning in the global fragrance market is underappreciated with strong revenue growth potential.
🏨 Goldman Sachs upgrades both Travel & Leisure and Marriott Vacations Hotels to Buy, viewing them as compelling execution stories with earnings upside despite broader sector headwinds.
⛴️ Loop initiates Viking Holdings, Royal Caribbean, and Norwegian Cruise Line as Buys, arguing the cruise line industry has plenty of room to run for growth.
👗 Citi upgrades Kohl's from Neutral to Buy based on attractive free cash flow generation that creates a favorable risk/reward profile despite operational challenges.
🏢 Mizuho upgrades Federal Realty Trust to Outperform from Neutral, expecting the REIT to enter a new growth cycle with elevated in-place escalators and occupancy upside.
- Cantor Fitzgerald reiterates Tesla as overweight due to its bullish stance on the company's humanoid robots.
- Tesla's first-generation production line for its Optimus humanoid robot is currently being installed in California, expected to replace discontinued Model S and X lines with an annual capacity of 1 million units.
- Goldman Sachs initiates Microsoft coverage with a Market Outperform rating and $550 price target, noting the stock has lagged significantly over the past year but is now firing on all cylinders.
- Barclays initiates IBM as overweight citing a defensible software portfolio that has created a stable growth engine.
- Citi reiterates Apple as buy with incremental positivity on iPhone shipments, particularly building on the strong momentum of the upcoming iPhone 17 family.
- Guggenheim upgrades Zscaler to buy from neutral, introducing a $214 price target that implies 53% upside from current prices.
- Needham initiated MP Materials and USA Rare Earth as buys, positioning them in an early innings multi-year investment cycle driven by Western governments diversifying critical supply chains through 2030.
- DA Davidson added Nvidia to its best ideas list, highlighting its durable competitive advantage as the critical provider of accelerated computing for AI.
- Citi upgraded Kohl's to buy from neutral based on attractive free cash flow generation that creates a favorable risk/reward profile despite operational challenges.
- Mizuho upgrades Federal Realty Trust to outperform from neutral, viewing the company as entering a new growth cycle with elevated escalators and occupancy upside.
- Citizens Bank initiates Microsoft with an Outperform rating at $550, noting the stock has already traded down 7% year-to-date versus an 11% gain for the S&P 500.
- Cantor Fitzgerald's bullish stance on Tesla is predicated on a first-generation Optimus robot production line expected to replace discontinued Model S and X vehicle lines, indicating potential cannibalization of legacy business revenue.
- Citigroup's upgrade of Kohl's is explicitly not a fully bullish call, citing operational challenges and a difficult competitive landscape that prevent inflection in positive sustainable comparable sales growth.
