Monday's Biggest Analyst Calls: Nvidia, Apple, Netflix, American Eagle, Broadcom & More

Here are the biggest calls on Wall Street on Monday:

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Goldman Sachs Reaffirms Nvidia as a Buy
Goldman Sachs remains highly optimistic about Nvidia, saying the stock is in an excellent position for future growth.
The firm highlighted strong prospects for 2026, pointing to positive hyperscaler capital spending trends and growing demand from non-traditional customers.

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Bank of America Maintains Apple as a Buy
BofA reiterated its bullish stance on Apple, even though there’s no official confirmation yet for the anticipated iPhone event rumored for September 9.
Reports suggest the iPhone 17 could launch then, with pre-orders beginning September 12 and devices hitting stores by September 19. However, the bank advises investors to keep expectations measured for this cycle.

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Wells Fargo Stays Overweight on Netflix
Wells Fargo continues to view Netflix as a strong market share gainer.
The firm noted the streaming giant is expanding its revenue base through paid-sharing monetization and ad-supported tiers.

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KBW Upgrades Lazard to Outperform
KBW upgraded Lazard from Market Perform to Outperform, citing opportunities for a re-rating as its asset management unit benefits from shifting flows.
The firm also pointed to improved productivity and increased managing director headcount, which could boost deal activity in the U.S. and Europe.

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Stifel Reiterates Nvidia as a Buy, Raises Price Target
Stifel lifted its price target on Nvidia from $202 to $212, reaffirming confidence in its AI leadership.
The firm believes Nvidia’s GB300 specs will remain industry-leading as AI inference complexity rises, making the stock attractively valued within its dominant position in the AI ecosystem.

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Deutsche Bank Reiterates Buy on Broadcom
Deutsche Bank maintained its bullish view on Broadcom ahead of early September earnings, citing long-term growth prospects.
The firm expects a cyclical rebound in its communications and networking segments by 2026, reinforcing optimism about AVGO’s fundamentals.

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Needham Initiates Ambiq Micro with a Buy
Needham began coverage on Ambiq Micro, assigning a Buy rating and a 12-month price target of $48, noting strong positioning in AI-driven markets.

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JPMorgan Initiates Gates as Overweight
JPMorgan sees Gates in the midst of a positive transformation from a traditional industrial supplier to a growth-oriented player, leveraging mobility and data center infrastructure trends.

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Canaccord Upgrades Olaplex to Buy
Canaccord raised Olaplex from Hold to Buy, increasing its price target from $1.50 to $2.00.
The firm said the beauty brand is undergoing a reinvigoration, positioning it for renewed growth in the prestige category.

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JPMorgan Upgrades Fabrinet to Overweight
JPMorgan upgraded Fabrinet following a recent pullback, highlighting strong long-term drivers tied to AI infrastructure investments.
The firm sees robust opportunities in data center-related optical components.

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Baird Downgrades Quest Diagnostics to Neutral
Baird downgraded Quest Diagnostics from Outperform to Neutral, citing valuation concerns after a strong year-to-date performance of nearly 20%.

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Goldman Sachs Initiates Shoulder Innovations as a Buy
Goldman launched coverage on Shoulder Innovations with a Buy rating and a 12-month price target of $20, implying 57% upside.

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RBC Starts Argenx at Outperform
RBC began coverage on Argenx with an Outperform rating, citing multiple upcoming catalysts expected in 2026–2027.

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Raymond James Downgrades American Airlines to Market Perform
Raymond James moved American Airlines to Market Perform from Outperform, noting the stock has reached its previous $14 price target, leading to a more balanced risk/reward outlook.

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UBS Upgrades Venture Global to Buy
UBS raised Venture Global from Neutral to Buy, setting a price target of $18 per share as it sees further upside for the liquefied natural gas player.

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Barclays Upgrades First Energy to Overweight
Barclays upgraded First Energy, calling the stock undervalued at an 11% P/E discount and seeing potential for multiple expansion through 2026.

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Truist Upgrades Okta to Buy Ahead of Earnings
Truist lifted Okta from Hold to Buy, increasing its price target to $125 ahead of Tuesday’s earnings, still leaving the stock discounted relative to peers in cybersecurity.

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Bank of America Downgrades American Eagle to Underperform
BofA cut American Eagle from Neutral to Underperform, projecting a longer road to normalized earnings for the retailer.

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William Blair Initiates Diamondback Energy as Outperform
William Blair started coverage on Diamondback Energy with an Outperform rating, citing its best-in-class cost structure and strong free cash flow generation.

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