Here are the biggest calls on Wall Street on Monday:
UBS lowered its price target on Tesla to $225 per share from $259.
“We are lowering our 1Q25 delivery forecast to 367k from the 437k we plugged in as a placeholder post 4Q24 results.”
Jefferies said it sees “durable growth” for the online vacation rental company.
“We believe lodging share gains will be augmented by increased adoption of experiences, an opportunity ABNB is uniquely well positioned to capture.”
The firm said it’s sticking with Nvidia as a top idea.
“There is a persistent industry outlook, that even with general investor skepticism, investment in AI remains the bright spot for semis, while we are looking at a very gradual bottoming process in analog, and company WFE [wafer fab equipment] estimates more optimistic than ours. We reiterate our NVDA Top Pick...”
Mizuho said the data memory hardware company is well positioned for share gains.
“We are initiating SNDK at Outperform - $60 PT.”
Susquehanna upgraded the data infrastructure solutions company and said the stock’s valuation is compelling.
“We initiated on Credo last December with a Neutral rating as we expressed concern around its rich valuation, despite its compelling AI networking story. With shares -50% off the peak and fundamentals strengthening, we are revisiting the story with an upgrade.”
Piper said in its upgrade of Samsara that the solutions company for fleet management and industrial applications is “high quality” and “durable.”
“Following a 40% reset over the last few weeks and >20% over the last 6 months, we are upgrading shares to OW from Neutral.”
Bank of America says the biopharma company is best positioned.
“We initiate coverage of Aardvark Therapeutics (AARD), a biopharmaceutical company focused on metabolic diseases, with a Buy rating, $22 PO.”
The firm said the fintech payment company is well positioned after its purchase of luxury payment provider, Global Blue.
“We are upgrading FOUR to Strong Buy from Outperform and adding it to the Analyst Current Favorites list following the recent pullback (-29% vs S&P Mid-Cap 400 -7% since 4Q print) coupled with greater appreciation of the Global Blue deal as well as our view the initial 2025 outlook is conservative.”
The firm said Super Micro has the “ability to deliver liquid cooling at scale as a competitive advantage.”
“We are reinitiating coverage of Super Micro Computer (SMCI), dba Supermicro, with a $60 12-month PT.”
The firm said it sees industrial capex worsening.
“The fact that capex tends to be longer-cycle in nature also means that any eventual recovery here will likely lag that of ‘early cycle / Resi’ demand, and also that of Short Cycle Industrial demand (which is one reason why we favor those exposures). We think EMR looks most at risk here.”
Citi said in its upgrade of the China EV company that it’s seeing robust volume growth for Xpeng.
“Upgrade to Buy considering strong volume growth in 2025/26E on robust order intake and new model launches, 2026E earnings turnaround and potentially extra growth drivers on AI/Robotics.”
Truist said the restaurant company is in the midst of a turnaround.
“We are upgrading our rating on CBRL to a Buy, from Hold, and increasing ests. and our PT to $55, from $51, on the heels of strong F2Q25 results.”
Citi said the defense company is “uniquely positioned.”
“We initiate coverage of KRMN with a Buy rating and a 12-month price target of $42. The company is uniquely positioned between defense primes and traditional suppliers in the defense ecosystem, with the proposition of leveraging its engineering expertise, material science know-how, and production capabilities to deliver products/sub-systems at costs cheaper than customers can produce on their own.”
The firm said it sees more momentum ahead for the student loan corporation.
“Investor conversations have been dominated by whether a federal pullback from student loans actually comes through, and how quickly/how much this could benefit SLM. Despite giving up some of its gain recently, the stock has already performed reasonably well YTD, up 8% vs coverage down 3% and S&P 500 down 2%.”
Wells said it sees margin expansion for the construction materials and contracting company.
“With leverage towards high-growth states with an aging infrastructure network and an attractive industry backdrop, we see strong tailwinds for KNF.”
Citi said the banking stock is too attractive to attractive to ignore at current levels.
“Following recent pullback across the sector, we see an attractive entry point for KEY and are upgrading to Buy as the stock ranks among the best value on our implied cost of equity valuation screen.”
Jefferies said it sees a “demand shock” from U.S. policy for the painting company.
“Relative to the S&P 500, Sherwin Williams trades in line with the 10- year average: we believe increasing caution on demand prospects could lead to a relative discount. Investor discussions suggest that both the pro-cyclical share gain strategy and the strong balance sheet and FCF profile are well appreciated.”
The firm said it’s removing its positive catalyst watch but standing by its buy rating on Apple.
“We are closing our catalyst watch dated 1/31 to reflect a delay in the much anticipated Siri upgrade as part of iOS 18.4 update in April.”
The firm said the company is a “strong force in a growing area of cybersecurity.”
“We are initiating coverage of Identity Security vendor SailPoint with a Buy rating and $27.50 PO, implying 25% upside potential.”
Raymond James said the financial services and exchange company is well positioned in a “in a volatile global macroeconomic and geopolitical backdrop.”
“We are upgrading CME Group to Outperform from Market Perform and instituting a $287 target price.”
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