Monday’s Biggest Analyst Calls: Nvidia, Netflix, Apple, Walmart, Disney, Boeing, Robinhood, Berkshire Hathaway and More

Here are the most significant analyst calls on Wall Street for Monday:

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Bank of America Reiterates Nvidia as a Buy

Bank of America maintains its "buy" rating for Nvidia, stating that the current share levels are "compelling." The bank believes that any potential selloff should be seen as an opportunity to buy, as the challenges faced by Nvidia are more about supply issues, which are solvable, rather than a lack of demand. This should not disrupt Nvidia's long-term momentum.

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Mizuho Reiterates Grab and Trip.com as Top Picks

Mizuho highlights Grab and Trip.com as top picks, especially given the unstable macroeconomic conditions in China. Despite the uncertainties, Mizuho remains optimistic about the strong demand for outbound travel, positioning Trip.com as a top pick. Similarly, Grab is also favored going into the quarter, as indicated by their company summaries.

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Morgan Stanley Reiterates Disney as Overweight

Morgan Stanley has lowered its price target for Disney from $130 to $110 per share but continues to recommend the stock as "overweight." The firm acknowledges that there are now enough data points to take a more cautious view of Disney’s parks business for fiscal year 2025. However, with Disney shares down 23% since the second quarter earnings in May, Morgan Stanley believes much of this caution is already reflected in the current price.

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KeyBanc Upgrades Gulfport Energy to Overweight from Sector Weight

KeyBanc has upgraded Gulfport Energy to "overweight" from "sector weight," advising investors to buy the dip in shares of this natural gas company. KeyBanc's positive outlook for natural gas and Gulfport remains unchanged, supporting their recommendation.

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RBC Upgrades Lockheed Martin to Outperform from Sector Perform

RBC has upgraded Lockheed Martin to "outperform" from "sector perform," raising its price target to $600 from $500. RBC finds the stock’s current valuation attractive, prompting the upgrade.

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Morgan Stanley Upgrades Prosperity Bancshares to Overweight from Equal Weight

Morgan Stanley has upgraded Prosperity Bancshares to "overweight" from "equal weight," citing the regional bank's strong net interest margin expansion, excellent capital, and growing liquidity. Additionally, Morgan Stanley has upgraded the mid-cap bank sector to attractive.

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Morgan Stanley Initiates Coverage on MKS Instruments as Overweight

Morgan Stanley has initiated coverage on MKS Instruments with an "overweight" rating. The firm believes that as the company's semiconductor and electronic packaging businesses enter a cyclical recovery, MKS Instruments is well-positioned to follow its post-acquisition deleveraging strategy, leading to significant earnings per share growth.

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UBS Reiterates Berkshire Hathaway as a Buy

UBS continues to recommend Berkshire Hathaway as a "buy" following the company's recent earnings report. The bank has raised its estimates based on higher insurance underwriting and investment income.

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Citi Upgrades Robinhood to Neutral from Sell

Citi has upgraded Robinhood to "neutral" from "sell," noting improvements in the company's fundamentals. Robinhood's shares dropped 12% on Friday due to concerns over lower interest rates, but Citi sees a healthier growth trajectory in deposits, margin balances, and options/equities trading, warranting the upgrade.

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RBC Downgrades Moderna to Sector Perform from Outperform

RBC has downgraded Moderna to "sector perform" from "outperform," citing numerous headwinds for the company's shares. With an expected revenue of $3-4 billion in the near future and a cautious approach to cost reduction, RBC believes Moderna's balance sheet appears less robust despite holding $10.8 billion in cash and a projected $6-7 billion ending cash balance in 2025.

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Morgan Stanley Reiterates Apple as Overweight

Morgan Stanley reiterates its "overweight" rating for Apple following the company's quarterly 10-Q report. Apple’s operating margin reached nearly a record high for the June quarter at 29.6%, an impressive feat given that operating margins in Greater China fell to a four-year low.

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Morgan Stanley Reiterates Walmart as Overweight

Morgan Stanley maintains its "overweight" rating on Walmart, noting that Walmart+ memberships have reached a record high according to its survey checks. The latest survey indicates approximately 21.5 million Walmart+ members, a record figure even after adjusting for survey overcounting.

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Bank of America Upgrades Five9 to Buy from Underperform

Bank of America has double-upgraded Five9 to "buy" from "underperform," leaving its price objective unchanged at $63, indicating a 54% upside potential. The upgrade is based on a compelling risk/reward profile and the anticipated positive impact of artificial intelligence in the near and medium term.

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Jefferies Reiterates Netflix as a Buy

Jefferies continues to recommend buying Netflix shares, viewing the recent 10%+ pullback in the stock as a buying opportunity. Jefferies is increasingly optimistic, anticipating a possible Q4 U.S. price hike supported by an impressive content lineup.

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RBC Upgrades Kellanova to Outperform from Sector Perform

RBC has upgraded Kellanova to "outperform" from "sector perform" following reports of Mars’ interest in acquiring the company. Although neither company has commented, RBC suggests that there may be substance to these reports, despite the mixed track record of press predictions on mergers and acquisitions.

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Bernstein Reiterates Boeing as Outperform

Bernstein has lowered its price target for Boeing to $207 from $222 but continues to rate the stock as "outperform." Bernstein acknowledges the challenges Boeing faces, including increased defense charges, rising inventories, slowing advances, and higher debt. However, they also see a positive outlook for improving deliveries, including the ramp-up of 737 production, recovery of 787 production, progress on 777X certification, and resumption of deliveries to China.

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