Monday’s Biggest Analyst Calls: NVIDIA, Apple, Tesla, Pinterest, Dollar Tree, Arm & More

Here are Monday’s biggest calls on Wall Street:

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Tesla: Bank of America Maintains Neutral Rating
Bank of America is keeping a neutral stance on Tesla, noting a tough environment for the stock. The firm said Tesla’s second-quarter performance could be impacted by global tariffs and lower-than-expected vehicle deliveries. While Tesla manufactures all its cars in the United States and sources a large percentage of components from within North America, it still faces meaningful tariff exposure, which could weigh on results.

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Apple: Morgan Stanley Reaffirms Overweight Rating
Morgan Stanley remains confident in Apple, reiterating its overweight rating. The firm acknowledged that its projections are improving, but also emphasized that some lingering concerns need to be resolved before it can adopt a more bullish long-term outlook on the stock.

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Pinterest: Morgan Stanley Upgrades to Overweight
Morgan Stanley upgraded Pinterest from equal weight to overweight, expressing optimism about the company’s progress. Analysts pointed to Pinterest’s increasing use of GPUs, as well as encouraging signs in user engagement and revenue generation. Morgan Stanley believes these efforts will drive stronger-than-expected growth in the second half of the year.

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Amazon, Alphabet, Expedia: Wells Fargo Reiterates Equal Weight
Wells Fargo continues to rate Amazon, Alphabet (Google), and Expedia as equal weight but identified them as top short-term investment ideas ahead of their upcoming earnings. The firm noted that investors are currently favoring more aggressive, high-beta names, a stark contrast to the more cautious stance seen last quarter. Given this shift, volatility could be high, but these three stocks stand out as tactical long opportunities.

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Invesco: TD Cowen Upgrades to Buy
TD Cowen upgraded Invesco from hold to buy, highlighting several growth catalysts. These include potential for additional stock buybacks, capital returns, and the scaling of its platform. The firm also noted progress toward stabilizing the company’s fee structure.

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QXO: RBC Starts With Outperform
RBC Capital Markets initiated coverage on QXO with an outperform rating. The firm praised QXO’s ambitious and innovative approach to consolidating the building products distribution sector. RBC said the company operates with fewer constraints than its peers, giving it a strategic advantage.

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CSX and NSC: TD Cowen Upgrades to Buy
TD Cowen upgraded both CSX and Norfolk Southern (NSC) to buy, citing an increased probability of consolidation in the railroad industry. The firm believes this consolidation could unlock value for shareholders.

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Nvidia: Morgan Stanley Reaffirms Overweight Rating
Nvidia remains one of Morgan Stanley’s top investment ideas. The firm said U.S. AI firms like Nvidia, AMD, and Broadcom will likely receive licenses to export products to China at levels consistent with previous thresholds. While they advise tempered expectations in the near term, Morgan Stanley views this as a major positive for AI stocks going into 2026, with Nvidia remaining their top pick.

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AvePoint: Jefferies Initiates Buy Rating
Jefferies began coverage on AvePoint with a buy rating, citing its strong positioning in the evolving enterprise data management landscape. The firm called AvePoint a key player in data protection, especially as businesses adapt to changing digital needs driven by AI.

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Meta Platforms: Morgan Stanley Reaffirms Overweight and Raises Target
Morgan Stanley raised its price target for Meta Platforms from $650 to $750 per share while maintaining an overweight rating. Analysts said Meta’s use of advanced machine learning, supported by GPU technology, continues to fuel engagement and monetization. They expect this to lead to faster top-line growth.

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Target: Barclays Downgrades to Underweight
Barclays downgraded Target from equal weight to underweight, pointing to the need for a significant strategic overhaul. Although the firm still sees value in Target’s business model, it believes the company’s sales performance will continue to lag without bold changes.

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Dollar Tree: Barclays Upgrades to Overweight
In contrast, Barclays upgraded Dollar Tree to overweight, noting strong momentum in the business. Analysts expect upside in both earnings and valuation.

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General Motors: Benchmark Initiates Buy Rating
Benchmark initiated coverage on General Motors with a buy rating, seeing hidden potential in the company. They described GM as a strong, cash-generating industrial player that is undervalued by investors.

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Affirm: Oppenheimer Starts Coverage With Outperform‍

Oppenheimer initiated coverage on fintech company Affirm with an outperform rating and an $80 price target, forecasting 15% upside.

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Citi: Wells Fargo Reiterates Overweight Rating
Wells Fargo named Citi as its top banking stock pick, saying it stands out to generalist portfolio managers. The firm highlighted Citi’s clear path toward restructuring benefits and strong revenue prospects.

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Arm Holdings: Wells Fargo Reiterates Overweight, Raises Target
Wells Fargo increased its price target on Arm to $175 from $145, reaffirming its positive long-term outlook. However, it expressed caution about the company’s first-quarter earnings, citing recent outperformance.

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Sarepta: Leerink Downgrades to Market Perform
Leerink downgraded Sarepta from outperform to market perform due to growing concerns over its gene therapy drug, Elevidys. The firm questioned management’s credibility and said there's a possibility the drug could be pulled from the market entirely.

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Carvana: JPMorgan Reaffirms Overweight, Raises Target
JPMorgan raised its price target on Carvana to $350 from $325, citing accelerating market share gains. The firm also noted some near-term concerns regarding EBITDA performance.

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ThredUp: Northland Initiates Outperform
Northland Capital started coverage on ThredUp with an outperform rating. The firm called the secondhand fashion platform, which features brands ranging from Vuori to Versace, a strong opportunity at a critical turning point in its business growth.

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