Monday’s Biggest Analyst Calls: NVIDIA, Tesla, Broadcom, Apple, Cava, Meta, Alphabet and More

Here are Monday’s biggest calls on Wall Street:

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Stifel Reaffirms Buy Rating on Tesla, Lowers Price Target
Stifel remains optimistic about Tesla's long-term prospects despite reducing its price target from $474 to $455 due to weaker short-term sales expectations. While the firm anticipates continued stock volatility in the near term, it reiterates its confidence in Tesla’s medium- and long-term growth potential.

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Morgan Stanley Upgrades KLA to Overweight
Morgan Stanley has raised its rating on semiconductor firm KLA, citing a strong set of catalysts ahead. The firm expects KLA to provide guidance for June-quarter revenue that remains stable or improves, with strength from TSMC helping counteract weaknesses in China.

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Deutsche Bank Upgrades Goodyear to Buy
Deutsche Bank upgraded Goodyear Tire & Rubber, citing enhanced performance and improved confidence in the company’s ability to achieve $1.5 billion in cost savings and margin expansion by 2026. The bank also noted that recent tariff policies could benefit Goodyear, as its U.S. supply chain remains largely domestic.

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Cantor Fitzgerald Maintains Overweight Ratings on Nvidia, Broadcom, Marvell, Micron, and ASML
Cantor Fitzgerald continues to favor several semiconductor stocks, keeping its overweight ratings on Nvidia, Broadcom, Marvell, Micron, and ASML. The firm highlights Nvidia’s sustained AI investment cycle, Broadcom and Marvell’s growth in custom silicon and networking, Micron’s high-bandwidth memory (HBM) opportunities, and ASML’s strong market position.

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BMO Upgrades Steel Dynamics to Outperform
BMO Capital Markets upgraded Steel Dynamics, describing the company as a “best-in-class” domestic steel producer. The firm believes Steel Dynamics is well positioned to capitalize on recently expanded Section 232 tariffs.

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HSBC Upgrades PNC Bank to Buy
HSBC upgraded PNC Bank, citing an attractive entry point following a 19% decline in its stock price since late November 2024, compared to a 5% drop in the S&P 500 over the same period. The firm views PNC as a high-quality bank with strong risk and capital management discipline.

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Mizuho Initiates Coverage on Viper Energy With an Outperform Rating
Mizuho has initiated coverage on Viper Energy (VNOM) with an Outperform rating and a price target of $56 per share, noting that the company stands out within its sector.

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Evercore ISI Adds Brinker to Tactical Outperform List
Evercore ISI sees an opportunity in Brinker, the parent company of Chili’s, and has added it to its Tactical Outperform list. The firm acknowledges investor concerns about Chili’s ability to sustain strong same-store sales growth but believes the brand’s social media-driven success, particularly on TikTok, could continue to attract younger customers.

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BMO Downgrades U.S. Steel to Market Perform
BMO lowered its rating on U.S. Steel, stating that the stock is approaching fair value. The firm downgraded it from Outperform to Market Perform, reflecting its belief that the stock’s current price already factors in its fundamental strengths.

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Barclays Downgrades Canada Goose to Underweight
Barclays lowered its rating on luxury outerwear brand Canada Goose, citing increasing competition and macroeconomic pressures. The firm also noted potential risks from tariff exposure as factors contributing to its downgrade.

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Jefferies Upgrades Wingstop to Buy
Jefferies upgraded Wingstop, stating that the company possesses strong defensive qualities that can help it navigate a challenging market. The firm also sees potential for positive surprises in the future.

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Evercore ISI Reiterates Outperform Rating on Netflix
Evercore ISI remains bullish on Netflix, noting that international growth opportunities remain vast. The firm emphasizes Netflix’s strong management, pricing power, and track record of innovation as reasons for continued confidence in the streaming giant.

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Truist Upgrades Celsius to Buy
Truist upgraded Celsius Holdings, increasing its price target from $35 to $45 per share. The firm believes the market has already moved beyond the company’s earlier business challenges in 2024 and its temporary slowdown in early 2025.

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Jefferies Initiates Norwegian Cruise Line as a Buy
Jefferies sees Norwegian Cruise Line as undervalued, initiating coverage with a Buy rating. The firm highlights Norwegian’s mid-to-high single-digit capacity and net yield growth, along with the leadership of a relatively new CEO focused on cost efficiency.

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Bank of America Initiates Cava as a Buy
Bank of America started coverage on Mediterranean fast-casual restaurant chain Cava, calling it a “value compounder.” The firm compared Cava’s model to best-in-class operators such as Chipotle (CMG) and Texas Roadhouse (TXRH), citing its ability to deliver strong customer value and rising returns.

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Bank of America Reaffirms Buy Ratings on Meta and Alphabet
Bank of America continues to recommend Meta and Alphabet despite looming tariff concerns. The firm believes large-cap online media companies like Google and Meta are better positioned than their peers due to stronger advertiser auction models and reduced brand exposure to tariffs.

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Cantor Fitzgerald Initiates Okta With an Overweight Rating
Cantor Fitzgerald sees Okta as a leader in the identity security space, though it acknowledges that the company has faced some growth challenges. Nonetheless, the firm believes Okta remains well positioned for the future.

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Bank of America Initiates Coverage on Kestra Medical Technologies
Bank of America started coverage on wearable medical device company Kestra Medical Technologies with a Buy rating and a price target of $30 per share. The firm sees a compelling opportunity for gross margin expansion.

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Barclays Maintains Underweight Rating on Apple
Barclays remains cautious on Apple, reiterating its Underweight rating. The firm pointed to Apple’s uncertain AI strategy, premium valuation, and challenging growth environment. Additionally, it noted declining iPhone sales in China, particularly in February when Android competitors gained market share, signaling further potential losses for Apple in that region.

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