Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Duolingo, Netflix, Target, CVS, Sunrun, Live Nation & more

CNBC

3 days ago

Here are the biggest calls on Wall Street on Monday: Goldman Sachs initiates Carlsmed as buy Goldman says it sees an attractive risk/reward for the medtech company. "We initiate coverage on the shares of Carlsmed (CARL) with a Buy rating and a 12-month price target of $19, representing ~40% upside potential." Goldman initiates McGraw Hill as buy Goldman says it's bullish on shares of the education solutions company. "We initiate coverage of McGraw Hill (MH) with a Buy rating and $27, 12-month price target." Loop upgrades ServiceTitan to buy from hold Loop says the contracting services software company is a "market leader." "We conducted our inaugural quarterly survey of ServiceTitan's target customers. While we expected generally positive feedback regarding ServiceTitan as a market leader, initial survey results were overwhelmingly positive in regard to name recognition as a market leader, pipeline of highly strategic prospects looking to purchase TTAN over the next 12 months..." MoffettNathanson initiates Live Nation as buy MoffettNathanson says it sees a slew of positive catalysts ahead for the concert and ticketing company. "Live Nation leads a $35B global concert market with secular demand and supply tailwinds." Bank of America initiates NIQ as buy The firm says the consumer intelligence company has an attractive risk/reward. "We are initiating coverage on global consumer intelligence leader NIQ Global Intelligence (NIQ) with a Buy rating and $23 price objective (PO), implying 28% upside." UBS upgrades CVS to buy from neutral UBS says the stock is in early sign of a recovery. "We are upgrading CVS from Neutral to Buy, following two strong consecutive quarters of execution and early signs that the Healthcare Benefits (HCB) segment fixes are on track." Citi initiates Duolingo as buy Citi called the stock a "language leader." "We initiate coverage of Duolingo with a Buy rating and a $400 TP." KeyBanc upgrades Duolingo to overweight from sector weight KeyBanc says the company's "price optimizations remain an untapped growth lever." "We are upgrading shares of Duolingo from SW to OW with a $460 PT. In our view, the AI backlash was a bump in the road, and a combination of product and viral marketing efforts creates upside risk to estimates over the next 12 months." Guggenheim upgrades Nextracker to buy from neutral Guggenheim says shares of the solar technology company are attractive. "We are upgrading NXT from Neutral to Buy and establishing a price target of $74, which represents an increase of 22% from Friday's closing price of $60.58." RBC upgrades Sunrun to outperform from sector perform RBC says shares of the solar company have plenty of upside. "The Inflation Reduction Act, which includes an extension of the investment tax credit (ITC) and ITC adders is also supportive of RUN's solar as a service model and should help drive growth over the next several years. Additional upside potential comes from increasing utility rates and higher solar + storage adoption." Read more. Morgan Stanley initiates Viper Energy as overweight Morgan Stanley says the energy company is well positioned. " VNOM trades at a similar 2026 FCF and shareholder return yield to oil E & Ps but offers above average growth, all with zero drilling and completion capex needs" Morgan Stanley downgrades Occidental Petroleum to equal weight from overweight The firm downgraded the stock on valuation. "Over time, we see room for a larger premium to re-emerge, but this will hinge on improving the balance sheet. At prices near strip, we expec t OXY to hit its leverage target in late 2026 or early 2027." Bank of America reiterates Apple as buy Bank of America says it remains bullish on Apple Services. "Services has been, and we expect will continue to be, the leading driver of y/y gross profit dollar growth. Reiterate Buy on stable cash flows, earnings resiliency and strong capital return program Roth Capital initiates Tecogen as buy Roth says the heat and power systems company is a data center beneficiary. "We initiate at Buy with a $15 PT. We find TGEN poised to benefit from a compelling opportunity in the data center cooling market, which we believe will drive revenue growth of 50% and 74% in FY26 and FY27, respectively." Wells Fargo upgrades Cogent Communications to overweight from underweight Wells said in its upgrade of Cogent that investors should buy the dip in the internet services provider. "We are upgrading to Overweight (from Underweight) at a $45 PT. The worst of the Sprint legacy declines is behind it; and risk/reward skew is favorable at current valuation with upside optionality from waves + asset sales, even with uncertain timing." Barclays initiates Synaptics as overweight Barclays says the computer manufacturer is in the midst of a transformation. "We Initiate Coverage with an Overweight Rating and $78 Price Target. SYNA falls into a long list of companies impacted by elevated spend during the pandemic that is now working through a prolonged correction." Piper Sandler initiates Accelerant Holdings as overweight Piper says the data-driven risk exchange is well positioned for growth. "We are initiating coverage on $5.4 billion market cap ARX with an Overweight rating and a $35/share price target." Barclays reiterates Tesla as equal weight Barclays says it sees a "lengthy" permitting process for Tesla's robotaxi. "The process for 'real' autonomous Robotaxi in CA will likely be lengthy, as Tesla must apply for and receive a number of permits prior to offering paid, driverless services; moreover, media reports indicate that Tesla's engagement with California regulators has been more limited than people realize, with Tesla Robotaxi pitched for now in a more limited way than people understand." Morgan Stanley reiterates Nvidia as overweight Morgan Stanley raised its price target on Nvidia to $206 per share from $200. "While the near-term bar is higher now, the 12-month picture across demand, supply, and competitive outlook all continue to be very favorable." Read more. TD Cowen upgrades Epam Systems to buy from hold TD Cowen says it sees growth recovering for the software company. "We think EPAM's share price gives little to no credit for the company's recovering growth trajectory & meaningful completion of its global delivery reorganization." Evercore ISI adds Target to the tactical outperform list Evercore says Target's earnings report later this week could be better than expected. "So in our view a relief rally could result especially if trends into 2H show any BTS [back to school] improvement, with potential mgmt change and stimulus proving hope into 2026. In recent days much has been made of the Target / Ulta partnership ending, yet we believe Target is hunting for new partners and/or opportunities to scale for example with Warby Parker." JPMorgan reiterates Netflix as neutral The firm says the stock is fairly valued right now. "However, NFLX shares currently trade at 34x 2027E GAAP EPS & 38x 2027E FCF, & as highlighted in our 5/19 report downgrading NFLX shares to Neutral, we continue to think the risk/reward is more balanced at current levels." Melius reiterates Dell as buy Melius says it's sticking with the stock ahead of earnings next week. " Dell is one of the best examples of a company that is executing well, dealing with tariffs adeptly, and readying itself for further growth in the nascent enterprise hardware cycle." Deutsche Bank initiates McGraw Hill as buy The firm says the education solutions company is a "hidden gem." "We are initiating coverage of McGraw Hill, Inc. with a Buy rating and $18 PT." Read more here . Argus initiates Reddit as buy Argus says shares of Reddit have plenty more room to run. "We are launching coverage of Reddit with a BUY rating and a price target of $250."