Here are the biggest calls on Wall Street on Monday:
JPMorgan reiterates Apple as overweight
JPMorgan raised its price target to $315 per share from $305 ahead of earnings later this week.
“However, we see a positive set up for the shares heading into F1Q26 (Dec-end) earnings print as
AAPL shares are trading at 30x NTM [next twelve months] P/E, below the peak multiple that is typical for the shares heading into a key iPhone product cycle in combination with the modest upsides in relation to both F1Q26 print and the F2Q26 outlook.”
Goldman Sachs reiterates Tesla as neutral
Goldman says it’s concerned about too much competition in the self-driving space.
“While we continue to believe that Tesla will grow its [full self-driving] and robotaxi operations and business over time, we also expect competition to gate the degree of profit growth.”
UBS reiterates Nvidia as buy
UBS says it’s sticking with shares of Nvidia.
“Conversations on NVDA revolve mostly around the existential question of what will get the stock moving again – we still believe investors underappreciate how strong demand is and believe NVDA’s backlog may now extend well into 2027 with a sizable portion of C2027 now already booked out.”
Goldman Sachs reiterates Microsoft as buy
The firm says investors should buy Microsoft stock ahead of earnings later this week.
“We believe risk/reward is skewed positive into the print.”
Rothschild & Co Redburn upgrades Meta to buy from neutral
The firm called Meta the “best demand machine in the world.”
“With imminent FY26 guidance set to leave estimates factoring in all the cost and little upside from AI, now seems opportune for investors to start building positions. We therefore upgrade to Buy, lifting our price target (PT) to $900 from $740.”
Needham upgrades AppLovin to buy from hold
Neeham says investors should buy the dip.
“We upgrade APP to Buy and establish a $700 PT following additional work on ecommerce giving us more confidence in the trajectory of ecommerce revenue growth in ’26E coming at the same time the stock has pulled back off the highs a month ago.”
Evercore ISI upgrades Cisco to outperform from in line
Evercore says the stock riding plenty of tailwinds.
“We are upgrading CSCO to OP rating (from In Line) and adjusting our target to $100 (prior $80). While investors will debate if CSCO is cyclical or secular – our sense is there are plenty of tailwinds to ensure CSCO can sustain high single-digit sales and low-teens EPS growth on a multi-year basis, making it an attractive asset at under 20x P/E vs. large cap tech peers.”
Citi initiates Dutch Bros as buy
Citi says the coffee chain has the “energy” to growth.
“We believe BROS has proven its portability across the US, and, beyond a multi-year ‘brand funnel’ tailwind (driven by footprint expansion and a fast-growing marketing budget), other key SSS levers are set to layer into the story in the coming 12-24 months.”
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