Monday's Biggest Analyst Calls: Nvidia, Apple, Tesla, Wells Fargo, Disney, Applovin & More

Here are Monday’s biggest calls on Wall Street:

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Deutsche Bank upgrades Lam Research to Buy from Hold
Deutsche Bank turned more bullish on Lam Research, saying the semiconductor equipment maker is among the best-positioned names in the sector. “Even after a 77% surge year-to-date and a 31% gain in just the past three months, we believe LRCX still has room to outperform peers over the next year thanks to strong cyclical and structural drivers.”

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Bank of America reiterates Apple as Buy
BofA remains positive on Apple, pointing to continued demand strength for the iPhone 17. “Our monitoring of Apple’s website and carrier channels shows current ship times for the iPhone 17 average 19 days as of September 29th longer than the iPhone 16’s timelines last year.”

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Wells Fargo upgrades Amer Sports to Overweight from Equal Weight
Wells Fargo suggested investors take advantage of a pullback in Amer Sports. “With AS shares down 20% this past month compared with the S&P 500’s 3% gain, we view the weakness as a buying opportunity. Our checks in China indicate limited concerns in both the near and long term despite recent social media backlash around the Arc brand.”

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Goldman Sachs upgrades Innoviz Technologies to Buy from Neutral
Goldman upgraded lidar supplier Innoviz, highlighting strong design win potential. “We see INVZ well positioned over the next three to six months and trading at an attractive relative valuation.”

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Jefferies initiates UP Fintech as Buy
Jefferies initiated coverage on UP Fintech with a bullish view. “UP Fintech operates a leading integrated fintech platform, offering investors a broad, cross-market, and multi-product trading experience.”

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Morgan Stanley downgrades Wells Fargo and US Bancorp to Equal Weight from Overweight
Morgan Stanley trimmed its stance on two major banks, citing stretched valuations. “We are lowering WFC and USB to Equal Weight, reflecting valuation concerns and our more cautious net interest income estimates.”

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Morgan Stanley upgrades Citizens Financial to Overweight from Equal Weight
The firm sees upside potential in Citizens Financial. “Looking ahead to 2027, CFG’s more than 4-point ROTCE improvement path makes the stock increasingly attractive, with several levers to achieve that growth.”

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Bernstein reiterates Nvidia and Broadcom as Outperform
Bernstein urged investors to own both Nvidia and Broadcom despite skepticism around AI sustainability. “Demand remains extraordinary. Nvidia’s OpenAI deal and Broadcom’s long-term growth targets suggest we’re still early in the cycle, making both NVDA and AVGO core holdings.”

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Barclays reiterates Tesla as Equal Weight
Barclays stuck with its neutral view on Tesla. “We see Tesla’s recent rally as influenced by its ‘meme stock’ reputation, fueled by options activity, retail enthusiasm, and a broader tech catch-up.”

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Morgan Stanley downgrades Novo Nordisk to Underweight from Equal Weight
Morgan Stanley warned of mounting risks for Novo Nordisk. “We expect slower U.S. GLP-1 prescription growth, heightened competition, and downside catalysts in the next six months that could pressure 2026–27 earnings expectations.”

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Goldman Sachs reiterates Disney as Buy
Goldman reaffirmed its bullish outlook on Disney. “While investor sentiment is mixed, we view DIS as a high-quality earnings compounder, supported by subscriber growth, operating leverage, three upcoming cruise ships, and renewed profitability in sports with ESPN Unlimited.”

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UBS initiates Core & Main as Buy
UBS recommended investors buy Core & Main on weakness.
“We start coverage with a Buy and a $65 price target, implying roughly 27% upside.”

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Morgan Stanley reiterates AppLovin as Overweight
Morgan Stanley boosted its price target on AppLovin to $750 from $480.
“The launch of APP’s self-serve ad tool for non-gaming on October 1st could meaningfully expand its business into new ad markets worth billions.”

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Barclays initiates Oklo as Overweight
Barclays sees Oklo as a prime play on the nuclear small modular reactor trend. “OKLO offers investors a levered way to gain exposure to the SMR theme.”

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Morgan Stanley reiterates Alibaba as Overweight
Morgan Stanley lifted its price target on Alibaba to $200 from $165. “We now forecast cloud growth of 32% in fiscal 2026 and 40% in fiscal 2027, driven by stronger capex, model upgrades, new partnerships, and faster international expansion.”

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Deutsche Bank reiterates Intel as Hold
Deutsche Bank nudged its price target for Intel up to $30 from $23. “Intel has seen a flurry of news flow from equity raises and collaborations with Nvidia to divestitures like Altera along with macro drivers such as tariffs and trade restrictions acting as catalysts.”

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JPMorgan reiterates Spotify as Overweight
JPMorgan raised its price target on Spotify to $805 from $740, citing potential pricing power. “Investors are watching for a U.S. price increase, which we expect could arrive by year-end or early 2026, creating further upside in our model.”

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