Here are Monday’s biggest calls on Wall Street:
Deutsche Bank upgrades CrowdStrike to Buy from Hold
Deutsche said the company is firing on all cylinders.
“We upgrade shares of CRWD t o Buy from Hold and raise our DCF-derived TP to $300 as we believe investors are still not fully appreciating the extent to which AI will expand the market for cybersecurity and CrowdStrike’s leadership at the forefront.”
BTIG initiates SharkNinja as Buy
BTIG called the company “dynamic.”
“With approximately $7.5 billion in expected 2026 revenue, we view SharkNinja (SN) as one of the most dynamic and innovative growth companies in global consumer products.”
Morgan Stanley downgrades Coinbase to Underweight from Equal Weight
Morgan Stanley said the earnings recovery is too uncertain for Coinbase.
“October’s weaker trading pace and crypto market uncertainty challenge our recovery thesis. We cut ’27/28E revenue 28%/18% and EBITDA 47%/25%, reducing confidence in normalized earnings and valuation support. With risk/reward skewed to the downside, we lower PT to $120 (from $258) and downgrade to UW.”
PhillipCapital upgrades Amazon to Buy from Accumulate
The firm says Amazon is best positioned for AI.
“We think AMZN is well-positioned in AI by being model-agnostic and leveraging its full-stack capabilities, including custom chips and partnerships with large LLM models.”
KBW upgrades PennyMac to Outperform from Market Perform
KBW said the “investment opportunities remain robust.”
“Management remained positive on PMT’s investment opportunities, noting that securitization demand remains strong and available loan production is sufficient to support continued issuance despite lower industry origination volumes.”
HC Wainwright initiates Teva as Buy
The firm said shares of Teva are compelling.
“An innovative biopharma emerging from a generics giant’s shadow; initiating at Buy, $52 price target. We can understand why some investors have been slow to buy into the company’s transformation, but we think there is more than enough evidence now to buy into the transformation that has been led by Richard Francis since taking over the role of CEO in 2023.”
Mizuho initiates Janus Living as Outperform
Mizuho said the senior housing company is too attractive to ignore.
“Janus is a compelling way to own senior housing.”
Mizuho initiates H2O America as Outperform
Mizuho said it’s bullish on the water utility.
“We initiate coverage of H2O America with an Outperform rating and $67 PT.”
StoneX initiates GameStop as Buy
StoneX said it likes the company’s turnaround.
“We initiate coverage of GameStop with a Buy rating and $33 PT”
Melius reiterates Nvidia as Buy
The firm cut its price target on the stock to $315 per share from $420.
“We are cutting some targets ( NVDA , AMD, AVGO, MRVL, DELL, QCOM, CRWV) as multiples may remain under pressure as the buildout will feature more backstops throughout 2028 (we also cut PC/smartphone related estimates at AMD, DELL and QCOM).”
Evercore ISI upgrades Mohawk Industries to Outperform from In Line
Evercore ISI said it likes the company’s buybacks.
“While demand remains soft, the most significant development in the quarter was Mohawk’s new management team expressing a firm commitment to address the company’s under-leveraged position through more consistent share buybacks.”
UBS upgrades Rivian to Buy from Neutral
UBS said buy the dip.
“We upgrade RIVN t o Buy and maintain our $17 PT. We see the recent selloff (-19% over the past month vs. S & P500 -1%) as a buying opportunity ahead of an inflection in R2 ramp and gross margins.”
TD Cowen initiates AngloGold Ashanti as Buy
TD Cowen said the gold company is “high quality.”
“We initiate coverage of AGA with a BUY and $123 target price, implying 54% upside.”
Goldman Sachs upgrades British American Tobacco to Buy from Neutral
Goldman said it thinks nicotine is “defensive.”
“We upgrade BAT t o Buy (22% upside) and retain a Buy on Imperial (22% upside). Both offer double-digit total returns, supported by robust earnings growth, rising capital returns and c.6% dividend yields. Into FY27, we believe nicotine’s defensive qualities and best-in-class margins should prove attractive amid consumer and input cost uncertainty.”
Goldman Sachs adds Amphenol to the Conviction Buy List
Goldman added the stock to its top ideas list and says it has plenty of upside.
“We add Amphenol (APH) to the US Conviction List.”
KeyBanc reiterates SpaceX as Sector Weight
KeyBanc said it sees “uncertainty around the time of cash returns” for SpaceX.
“We maintain our Sector Weight rating and modestly adjust our capex estimates to better reflect the timing of capex related to its Louisiana Starbase build out. Our estimates balance strong revenue growth against substantial capital requirements and uncertainty around the time of cash returns.”
Bernstein reiterates Nvidia and Broadcom as Overweight
The firm said it’s sticking with both stocks.
“We get that investor confidence in the sustainability of the AI trade appears to be fading. But at this point fundamentals do seem to be getting better rather than worse, and we remain constructive. In our coverage we would focus attention in particular o n NVDA and AVGO (who are driving the industry) as well as semicap.”
Barclays reiterates Apple as Underweight
The firm said it’s sticking with its sell rating on Apple ahead of earnings on Monday afternoon.
“We remain cautious on the stock given iPhone uncertainties this cycle, limited monetization of AI, and renewed fears on the App Store. We remain Underweight.”
DA Davidson upgrades Franklin Electric Company to Buy from Neutral
DA said the “niche” company is undervalued.
“We upgrade shares of Franklin Electric from NEUTRAL to BUY and raise our PT from $105 to $135.”
Stephens upgrades Oracle to Overweight from Equal Weight
Stephens upgraded Oracle following its investor day.
“Upgrading to OW after investor day resolved our/market’s biggest questions...”
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