Monday’s Biggest Analyst Calls: Nvidia, Apple, Tesla, Broadcom, Netflix, Mcdonald’s Dell, Exxon Mobil, Meta and More

Here are the major Wall Street analyst calls for Monday:

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Jefferies Downgrades Ford to Underperform

Jefferies lowered its rating for Ford, citing multiple negative catalysts, including inventory challenges and strategic uncertainties in Europe. The firm also expressed concern over a widening gap between the automaker's warranty provisions and cash outflows.

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Wedbush Reiterates Tesla as Outperform

Wedbush remains bullish on Tesla and raised its price target to $515 from $400, anticipating significant growth in autonomous and AI developments. The firm views the next few years as transformative for Tesla, with a bull case target of $650 by 2025.

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Wolfe Upgrades Trimble to Outperform

Wolfe Research upgraded Trimble after its Investor Day presentation, which revealed optimistic long-term targets, including organic revenue growth of 7-9% and incremental margins of 30-40%.

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Bernstein Reiterates Nvidia as Outperform

Bernstein reaffirmed its positive stance on Nvidia, highlighting the immense potential of its data center business, which is still in its early stages with significant growth opportunities ahead.

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Goldman Sachs Reiterates Broadcom as Buy

Goldman Sachs maintained its buy rating on Broadcom and raised its price target to $240. The firm sees Broadcom as a pivotal player in enabling generative AI technologies.

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Goldman Sachs Initiates Grindr as Buy

Goldman initiated coverage of Grindr with a buy rating and a 12-month price target of $20, emphasizing optimism about the online dating platform's growth potential.

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Morgan Stanley Names Exxon Mobil a Top Pick

Morgan Stanley listed Exxon Mobil among its top stock picks for 2025, favoring its defensive positioning amid ongoing macroeconomic uncertainties.

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Oppenheimer Reiterates Netflix as Outperform

Oppenheimer reiterated its bullish stance on Netflix, raising its price target to $1,065 from $825. The firm sees strong prospects for the company, including its expansion into live events.

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JPMorgan Upgrades Okta to Overweight

JPMorgan upgraded Okta, noting that its conservative revenue growth outlook for fiscal 2026 creates an attractive risk/reward profile. The firm expects identity solutions to become a higher priority for enterprises.

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UBS Initiates nCino as Buy

UBS initiated coverage of nCino, a leading provider of banking IT solutions, with a buy rating and a price target of $44, citing its strong position in the sector.

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JPMorgan Upgrades Keysight Technologies to Overweight

JPMorgan upgraded Keysight Technologies, predicting broader demand drivers and a cyclical recovery in 2025. The firm sees this as an opportunity for the electronics testing company to capitalize on end-market growth.

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JPMorgan Upgrades NetApp to Overweight

NetApp received an upgrade from JPMorgan, which expects improved IT budgets and greater demand for storage infrastructure as enterprises prepare for AI applications. The firm highlighted NetApp’s recent product innovations as a competitive advantage.

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JPMorgan Upgrades Teradyne to Overweight

JPMorgan upgraded Teradyne, citing its expanded total addressable market (TAM) and achievable 2026 growth targets, with potential upside.

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Loop Downgrades Netflix to Hold

Loop Capital downgraded Netflix due to its high valuation multiples, which are approaching levels last seen in mid-2021 and 2018.

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Morgan Stanley Names Dell, Seagate, and Apple Top Picks

Morgan Stanley listed Dell, Seagate, and Apple among its top investment ideas for 2025, favoring cyclical enterprise names over consumer stocks, with Apple as its standout consumer pick.

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Jefferies Names Microsoft, Amazon, Meta, and Alphabet as Top Picks

Jefferies highlighted Microsoft and Amazon for enterprise-focused opportunities and Meta and Alphabet for consumer growth. Snowflake was also noted as a potential breakout play in data and AI.

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JPMorgan Reiterates Apple as Overweight

JPMorgan reaffirmed its overweight rating on Apple, citing strong prospects for AI-driven enhancements in the iPhone cycle and steady performance in services revenue.

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Jefferies Names McDonald’s a Top Pick

Jefferies identified McDonald’s as a top pick for 2025, praising its ability to gain market share in a challenging environment through its value-focused offerings.

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Jefferies Upgrades Bristol-Myers Squibb to Buy

Jefferies upgraded Bristol-Myers Squibb, expressing confidence in the potential of its schizophrenia drug, Cobenfy, which the firm believes could generate over $10 billion in revenue.

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Bank of America Reiterates Nvidia as Buy

Bank of America reiterated Nvidia as a top pick for 2025, expecting AI investments and deployments of Nvidia’s Blackwell processors to drive momentum.

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Gordon Haskett Upgrades Macy’s to Buy

Gordon Haskett upgraded Macy’s, citing improved business trends and the potential for positive comparable sales in the fourth quarter of 2024.

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Bank of America Upgrades Concentra to Buy

Bank of America upgraded Concentra, noting the company’s resilience to post-election uncertainty and its strong position in the occupational healthcare sector.

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Bank of America Upgrades Edwards Lifesciences to Buy

The firm upgraded Edwards Lifesciences, anticipating new growth drivers and pipeline advancements to support revenue growth in 2025.

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Evercore ISI Names IBM and Dell as Top Picks

Evercore named IBM and Dell as key investment ideas for 2025. Dell is seen as a leader in AI-driven compute and storage infrastructure, while IBM’s consulting and mainframe businesses are expected to gain momentum.

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Bank of America Upgrades U.S. Physical Therapy to Buy

Bank of America upgraded U.S. Physical Therapy, pointing to recovering labor conditions and minimal exposure to political uncertainties compared to hospitals.

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JPMorgan Upgrades CBRE to Overweight

JPMorgan upgraded CBRE, forecasting a 19% upside by year-end 2025. The firm views the commercial real estate company as having a stronger growth outlook compared to the broader market.

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