Top Calls on Wall Street: Nvidia, Apple, Lumentum, SpaceX, SoFi, Coherent, Lockheed Martin and More

Tiger Newspress10-26 23:30

Here Are Monday’s Biggest Calls on Wall Street

Barclays Upgrades Tesla to Overweight from Equal Weight

Barclays sees an improved outlook for Tesla (TSLA), citing potential M&A opportunities, a stronger core business outlook, and signs of a Robotaxi inflection.

The firm also noted the possibility of a SpaceX–Tesla merger, which would be subject to shareholder approval.

Jefferies Reiterates Apple as Underperform Ahead of Earnings

Jefferies expects Apple’s (AAPL) fiscal fourth-quarter 2026 revenue and EPS to beat consensus estimates by 4% and 5%, respectively, supported by strong iPhone sales ahead of announced price increases.

However, the firm anticipates a potential December-quarter miss due to weaker-than-expected demand for the iPhone 18 Pro and Pro Max, along with rising memory costs.

Piper Sandler Reiterates Nvidia as Overweight Ahead of Earnings

Piper Sandler maintained its Overweight rating on Nvidia (NVDA), citing the expected ramp-up of Vera Rubin and strong revenue growth guidance for fiscal 2028.

The firm expects strong results and guidance slightly above consensus.

Bernstein Reiterates SpaceX as Outperform, Raises Price Target to $268

Bernstein raised its price target on SpaceX (SPCX) to $268 per share from $248, citing the expansion of terrestrial AI infrastructure.

The firm believes orbital data centers could play a central role in SpaceX achieving a multitrillion-dollar valuation.

StoneX Initiates Lumentum as Buy

StoneX initiated coverage of Lumentum (LITE) with a Buy rating, citing earnings leverage and the company’s positioning in optical and laser technology.

The firm noted that execution will be key to justifying the company’s valuation.

Monness Crespi Hardt Initiates SoFi as Buy

Monness Crespi Hardt initiated coverage of SoFi Technologies (SOFI) with a Buy rating.

The firm believes SoFi offers compelling acquisition value to established banks and technology platforms seeking digital-first financial businesses.

Morgan Stanley Upgrades Lockheed Martin to Overweight from Equal Weight

Morgan Stanley upgraded Lockheed Martin (LMT) to Overweight from Equal Weight, citing significant growth opportunities following the company’s 10-year framework agreement to continue supplying 156 F-35 aircraft annually to U.S. and international customers.

StoneX Initiates Coherent as Buy, Sets $425 Price Target

StoneX initiated coverage of Coherent (COHR) with a Buy rating and a $425 12-month price target, highlighting the company’s potential upside in laser and optical technologies.

Morgan Stanley Downgrades Block to Equal Weight from Overweight

Morgan Stanley downgraded Block (XYZ) to Equal Weight from Overweight, citing elevated bullish expectations and slightly lower EBIT assumptions.

The firm also noted that longer-duration installment loans could weigh on near-term origination growth and increase credit losses.

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