Monday’s Biggest Analyst Calls: Nvidia, Apple, Tesla, Meta, Delta, Netflix, Snowflake, United, Home Depot & More

Here are Monday’s biggest calls on Wall Street:

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Oppenheimer Adds Nvidia to Top Ideas List
Oppenheimer reaffirmed its bullish stance on Nvidia, maintaining an outperform rating. The firm emphasized Nvidia's transformation from a company focused on graphics processing to a major force in artificial intelligence computing, recognizing its leadership in the AI space.

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UBS Upgrades Archer-Daniels-Midland to Buy
UBS raised its rating on Archer-Daniels-Midland from neutral to buy, stating that earnings for the food processor have likely bottomed out. The firm sees overlooked benefits from policy tailwinds and anticipates stronger results in the company’s Nutrition segment. It also set a price target of $60.

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JPMorgan Lowers Netflix to Neutral
While keeping a positive long-term view on Netflix's role as a dominant global streaming player, JPMorgan shifted its rating from overweight to neutral. The change was largely driven by valuation concerns following a substantial rise in Netflix’s stock. The firm sees the stock's current risk/reward as more evenly balanced.

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UBS Upgrades Delta and United Airlines
Delta Air Lines and United Airlines were both upgraded from neutral to buy at UBS. The analysts highlighted a more stable economic outlook for the back half of the year, aided by recent trade policy developments, including tariff relief agreements with China and the U.K.

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Loop Capital Upgrades Charter Communications
Loop Capital boosted Charter’s rating from hold to buy, raising the price target from $430 to $510. The firm cited growth prospects stemming from the proposed merger with Cox Communications as a key reason for the upgrade.

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JPMorgan Upgrades Marqeta
JPMorgan moved Marqeta from neutral to overweight, citing improved sentiment toward the fintech stock. Since downgrading the stock in early 2023, Marqeta has addressed major client renewals—including Block—and resolved some onboarding delays, alongside changes in leadership.

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Goldman Sachs Reaffirms Buy on Snowflake
Goldman Sachs kept its buy rating on Snowflake ahead of the company’s upcoming earnings report. Analysts remain optimistic about the software firm’s ability to grow its revenue by over 20% annually and generate free cash flow margins above 25%, envisioning a long-term path to $10 billion-plus in sales.

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JPMorgan Boosts Cognizant to Overweight
Cognizant was upgraded to overweight by JPMorgan, which credited the company’s improved execution and successful focus on securing large contracts. The firm also acknowledged CEO Ravi Kumar’s role in improving employee retention and closing the growth gap with competitors.

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Morgan Stanley Highlights Apple and Meta
Morgan Stanley continues to rate Apple and Meta as overweight. However, it noted a divergence in investor ownership: Apple remains under-owned among large-cap tech stocks, while Meta is heavily owned, potentially affecting near-term investor behavior.

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Northcoast Cuts GE Aerospace to Neutral
Northcoast downgraded GE Aerospace from buy to neutral, pointing to the stock's recent strong rally. The firm believes that optimism tied to global trade dynamics, tariffs, and industry news has already been priced in.

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Wells Fargo Downgrades Reddit
Wells Fargo lowered its rating on Reddit from overweight to equal weight, raising concerns about lasting user declines. The firm warned that shifts in search habits—especially with AI integration by Google—could hurt Reddit and other platforms that rely heavily on search-based traffic.

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Wells Fargo Upgrades RxSight
Ophthalmic medtech firm RxSight was upgraded to overweight from equal weight by Wells Fargo. The analysts cited the company's innovative technology and larger addressable market, raising the price target from $17 to $25 based on long-term growth potential.

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Bank of America Starts Coverage on Matador Resources
Bank of America began coverage of Matador Resources with a buy rating. The firm praised the company’s oil-focused operations in New Mexico and gave it a price objective of $56, seeing the mid-cap energy producer as well-positioned in its sector.

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TD Cowen Downgrades UnitedHealth
UnitedHealth was downgraded from buy to hold by TD Cowen, which cut its price target significantly—from $520 to $308. The firm expressed concern over recent negative developments in the healthcare sector, affecting its outlook for the insurer.

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TD Cowen Lowers Shake Shack
TD Cowen also downgraded Shake Shack to hold from buy, pointing to valuation concerns. The burger chain is now trading above its three-year average forward earnings multiple, and Cowen sees limited upside given the challenging consumer spending environment and intense competition in the burger space.

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Piper Sandler Upgrades Solventum
Solventum received an upgrade to overweight from Piper Sandler, which also raised the price target to $87. The firm highlighted the company’s consistent performance and better clarity on tariff risks as drivers of the upgrade.

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Evercore ISI Bullish on Home Depot, Cautious on Lowe’s
Ahead of earnings, Evercore ISI issued a tactical outperform rating on Home Depot, believing that a positive seasonal trend could push the stock back toward $400. On the other hand, it added a tactical underperform on Lowe’s, anticipating weaker results and reduced guidance, with EPS likely to be revised downward.

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Cantor Fitzgerald Reaffirms Tesla as Overweight
Cantor Fitzgerald maintained its overweight rating on Tesla, noting the stock’s potential amid multiple upcoming catalysts. With shares hovering around $350, the firm remains optimistic about Tesla’s outlook over the coming months.

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