Here are Monday’s biggest calls on Wall Street:
Stifel cut its price target on the stock but said it’s sticking with Tesla shares.
“We are updating our forecasts to reflect lower near-term sales, and trimming our target price to $455 from $474. We expect share price volatility to persist in the near term, but remain optimistic on TSLA’s medium- to long-term prospects and reiterate our Buy.”
Cantor said it’s sticking with its overweight ratings on a slew of semis stocks.
“Our Top Picks remain NVDA (sustained AI spend + product cycle), AVGO (custom silicon ramp + networking), MRVL (custom silicon ramp + networking), MU (HBMrelated upside), ASML.”
Barclays said Apple has a “challenging growth backdrop, undefined AI strategy and a premium valuation.”
“According to our sell-through checks, iPhone sell-through in China has been muted since the IP16 launch. AAPL continues to experience market share losses in China. Especially in Feb when Android were strong, relatively muted iPhones imply additional points of share losses.”
The firm said it’s sticking with both stocks as tariffs loom.
“While the entire sector has tariff exposure, we expect Large Cap Online media platforms to hold up better (GOOG, META) given less relative brand exposure and/or more robust advertiser auctions.”
The firm said its survey checks show Netflix has a large runway for growth internationally.
“Consistent with our HQ (High Quality) framework, we see Netflix facing a very large TAM with still SD% [single digit] share of that TAM, with one of the ’Net sector’s strongest management teams, with an extremely strong and growing value proposition (which supports ongoing pricing power), and a very solid track record of innovation.”
Morgan Stanley says it sees a “rich catalyst” path ahead and robust earnings in late April for the semis company.
“We see a rich catalyst path for a re-rating: MarQ 2025 earnings (late-April): KLA should be able to guide JunQ rev of flat q/q or better, with TSMC strength offsetting China weakness.”
The firm said the identity access management company is well positioned.
“Okta is a leader in the identity security space, but the industry giant has encountered growth challenges of late.”
Jefferies said shares of the cruise company are at a discount.
“As the fourth largest cruise line in the world (behind CCL, RCL, and MSC), there is a lot to like about NCLH, including: 1) reasonable capacity growth of MSD to HSD [mid single digit to high single digit], 2) MSD net yield growth, and 3) a relatively new CEO pushing cost efficiency.”
BMO downgraded U.S. Steel on valuation.
“We are downgrading our rating to Market Perform (from Outperform) as in our opinion the current share price is nearing fair fundamental value.”
Barclays said it sees too much competition for the clothing company.
“We are downgrading shares of GOOS to UW based on 1) global macro pressure; 2) increasing competitive pressure; 3) potential impact of tariff exposure.”
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.