Monday's Biggest Analyst Calls: Nvidia, Tesla, Meta, Alphabet, Netflix, Eli Lilly, 3m & More

Monday’s Most Significant Wall Street Analyst Calls

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Evercore ISI: Chewy Upgraded to Outperform

Evercore ISI upgraded pet-focused company Chewy, citing strong positioning.
The firm highlighted that:
“Industry reports, channel checks, and our proprietary consumer survey indicate stabilization in the U.S. pet industry after two years of decline, with signs of cyclical growth and ongoing online penetration.”

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Morgan Stanley: Meta Reiterated as Overweight

Morgan Stanley remains bullish on Meta Platforms, projecting strong performance through 2025.
“Meta is our generative AI compounder with multiple growth options on the horizon,” the firm noted.

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JPMorgan: Alphabet Reiterated as Outperform

JPMorgan continues to view Alphabet as a leading AI player, making it a top 2025 pick.
“Surveyed investors expect Alphabet to be the biggest beneficiary of generative AI, with 35% of respondents in agreement,” the firm said.

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Morgan Stanley: Amazon Named a Top Pick

Morgan Stanley named Amazon as a top recommendation, noting the company’s underappreciated growth potential.
“Amazon’s GPU-related investments are enhancing its retail edge, enabling it to capture market share more profitably,” the analysts explained.

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Morgan Stanley: e.l.f. Beauty Upgraded to Overweight

The beauty brand received an upgrade following a sharp stock pullback in late 2024.
“We see a compelling valuation relative to long-term growth prospects, especially with U.S. scanner data showing steady growth,” the firm said.

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Morgan Stanley: RH Upgraded to Overweight

Morgan Stanley expressed optimism about RH, formerly Restoration Hardware, citing improving fundamentals.
“New collection launches, a favorable ‘wealth effect’ among high-income households, and eased concerns over reversions are all timely positives,” analysts commented.

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UBS: Capital One Upgraded to Buy

UBS upgraded Capital One, calling its partnership with Discover “transformative.”
“This deal creates a unique opportunity for investors to own a vertically integrated payments platform without assuming balance sheet risks,” UBS remarked.

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Piper Sandler: Douglas Emmett Upgraded to Overweight

Piper Sandler sees the real estate investment trust benefiting from increased office demand following wildfire-related rebuilding efforts.

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Bank of America: Range Resources Upgraded to Buy

The natural gas exploration firm earned praise for its strong fundamentals.
“Range Resources has always been a quality player, thanks to its low break-even levels and robust inventory,” the firm noted.

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UBS: Discover Upgraded to Buy

UBS reiterated its enthusiasm for Discover, emphasizing synergies with Capital One.
“This merger provides investors with access to a vertically integrated payments leader,” UBS analysts said.

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TD Cowen: Nvidia Reiterated as a Top Pick

The firm expects Nvidia to maintain its dominance amid AI-related demand.
“Nvidia is in a ‘sweet spot,’ with the Blackwell ramp just beginning, though supply remains constrained,” Cowen stated.

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Needham: Instacart Upgraded to Buy

Needham upgraded Instacart, dismissing concerns about heightened competition.
“We’re confident in Instacart’s prospects and have set a price target of $56,” the firm added.

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JPMorgan: LegalZoom Upgraded to Overweight

LegalZoom received an upgrade due to anticipated strong guidance for 2025 profitability.
“Management is expected to outperform Street estimates during its February 2024 earnings release,” JPMorgan said.

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Jefferies: Pinterest Downgraded to Hold

Concerns over slowing growth prompted Jefferies to downgrade Pinterest. “We expect slower rollout of Performance+ and muted ad growth,” analysts explained.

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Needham: KLA Upgraded to Buy

Needham upgraded KLA, citing improved outlooks in semiconductor manufacturing.
“We previously cautioned on China exposure, but see opportunities in wafer fab equipment in 2025,” the firm noted.

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JPMorgan: Constellation Brands Downgraded to Neutral

The beverage company was downgraded due to weakening consumer demand, particularly among Hispanic buyers, who account for a significant share of beer volumes.

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Goldman Sachs: Newmont Mining Initiated as Buy

Goldman Sachs believes Newmont Mining has strong EBITDA growth potential, supported by rising gold prices.

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Morgan Stanley: Wix Upgraded to Overweight

The Israel-based website builder received an upgrade due to growth in AI innovations and stable revenue streams.

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Morgan Stanley: Tesla Reiterated as a Top Pick

Tesla’s price target was raised to $430 per share.
“Tesla benefits from a unique position in AI, robotics, and energy storage, along with advantages from Elon Musk’s ecosystem of companies,” analysts said.

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Guggenheim: Netflix Reiterated as Buy

Guggenheim increased its price target for Netflix to $950 per share, emphasizing its continued dominance in streaming.

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Bernstein: Eli Lilly Reiterated as Outperform

Bernstein reiterated Eli Lilly as a top 2025 pick, citing leadership in obesity therapies and opportunities in next-gen treatments.

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Bank of America: American Electric Power Upgraded to Buy

The utility company earned an upgrade following a $2.8 billion asset sale and new CFO appointment.

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Morgan Stanley: Semrush Upgraded to Overweight

The search engine marketing firm was highlighted for its enterprise growth potential.

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Deutsche Bank: Catalyst Buy on 3M

Deutsche Bank sees February’s investor day as a pivotal moment for the company.

These updates reflect a wide array of opportunities across industries, from tech and consumer goods to energy and real estate.

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