Monday stocks from Wall Street analyst calls
Here are Monday’s biggest calls on Wall Street: Evercore ISI reiterates Netflix as outperform The firm said it’s bullish on Netflix heading into earnings Tuesday. “We expect a Modest Beat & Bracket print. We view the Street’s Q3 Revenue ($11.5B), Operating Income ($3.7B ) and EPS ($6.96) estimates as reasonable, given NFLX’s very strong content slate, accelerating Q3 viewership data, the impact f rom recent Q2 price increases, our model sensitivity analysis, and mgmt’s EPS print track record.” Mizuho downgrades Rivian and Texas Instruments to underperform from neutral Mizuo said it’s concerned about slowing EV demand for Rivian. The firm also downgrades Texas Instruments on valuation and no new near term catalysts. “We downgrade RIVN to Underperform, with estimates below consensus and PT to $10 from $14, with slowing EV demand as IRA credits expire. … .We also downgrade TXN to Underperform, lower estimates below consensus and cut PT to $150 from $200, given lack of near-term catalysts, premium valuation, slowing Autos, China competition and tariff headwinds. Mizuho downgrades Skyworks and Qorvo to underperform from neutral The firm said it sees a tougher macro for both semi stocks. “Downgrade SWKS and QRVO to Underperform, Lowering Estimates BELOW consensus and cut PTs: SWKS to $60 from $70 and QRVO to $75 from $87.” Wolfe upgrades Digital Realty Trust to outperform from peer perform Wolfe said investors should buy the dip in the real estate investment trust. “…we upgrade Digital Realty (DLR) to Outperform from Peer Perform with a $194 price target, implying a YE2026 total return of ~16%. Recent consolidation has made valuation attractive for a stable growth company.” Evercore ISI adds a tactical outperform on Apple Evercore said Apple is best positioned heading into earnings on October 30. “We believe AAPL is well positioned to report upside to upside to current Sep-qtr consensus expectations and could guide to upside for the Dec-qtr. Our positive bias is driven by iPhone data points that suggest this may be more than the average iPhone refresh cycle, as lead times for the base iPhone 17 are above last year’s October levels.” Bank of America reiterates Nvidia and Broadcom as buy Bank of America says the stocks remain favorite ideas at the firm. “Our top 5 picks are NVDA , AVGO, AMD, LRCX, and KLAC, levered to the strong data center and memory spend outlook.” Morgan Stanley initiates AvePoint as overweight Morgan Stanley said the data security company is “underappreciated.” “AvePoint is an underappreciated data security play with strong Microsoft alignment and exposure to rising GenAI spending.” Goldman Sachs upgrades Darden to buy from neutral Goldman said the owner of brands like Olivin Garden has “compelling value.” “We upgrade DRI to Buy from Neutral given improved value proposition of casual dining driving share gains within away-from-home coupled with its relative resilience due to the lower skew towards lower income consumers that are facing more intense pressure,” Wedbush reiterates Tesla as outperform Wedbush said it’s sticking with Tesla ahead of earnings later this week. “This Wednesday after the bell Tesla will report its FY3Q25 earnings with incremental positivity around this quarter’s results with the deliveries beat led by some pull-forward EV demand (US tax credit ending) and a relative bounce back in China sales.” Barclays upgrades KLA Corp to overweight from equal weight and downgrades Marvell to equal weight from overweight The firm upgraded KLA and says it sees a slew of positive catalysts for the semis company. Barclays also downgraded Marvell and says it’s concerned about long-term share dynamics. “We are upgrading KLAC to OW as we are positive on the long-term outlook for increased process control intensity and its exposure to Leading Edge where we expect strong growth looking ahead, and a relatively low bar for revenue growth ex-China.” Morgan Stanley downgrades Progressive to underweight from equal weight Morgan Stanley said it sees too many headwinds for Progressive. “While September results were somewhat in-line if we strip out Florida, the bull case is less apparent. The concern is now shifted to faster growth deceleration and potentially larger CPI headwinds. The lower EPS going forward is cyclical, but notable.” Barclays upgrades Sempra to overweight from equal weight Barclays said the utility company is “undervalued.” “We see Sempra undervalued given upside to consensus estimates and Texas exposure (60% of asset base through decade.” Bank of America reiterates Alphabet as buy The firm raised its price target to $280 per share from $252 ahead of Alphabet earnings later this month. “Checks indicate 3Q ad spending ahead of expectations, supported by improving macro, increasing data use, & ad spend to offset organic search traffic declines.” TD Cowen upgrades Ally Financial to buy from hold TD Cowen said it sees margins improving for Ally. “ALLY’s drive toward a mid-teens ROTCE was delayed by higher rates, credit environment.” Wolfe initiates Sailpoint as buy Wolfe said it’s bullish on the identity access management company. “We are initiating coverage on SailPoint (SAIL) with an Outperform rating and a price target of $27…” Loop upgrades Apple to buy from hold Loop said the company is on a “multi-year iPhone run.” “We’re upgrading AAPL to Buy (from Hold) and raising our PT to $315 (from $226).” Citi initiates WillScot Holdings as buy Citi said it’s bullish on the space solutions company. “We are initiating coverage of WillScot (WSC) with a Buy rating and $28 price target.” Citi downgrades Gildan Activewear to neutral from buy Citi said it sees a more balanced risk/reward for the clothing company. “We are downgrading GIL f rom Buy to Neutral. GIL is up ~30% YTD and ~20% since the HBI deal came to fruition. We believe the market is now pricing in a successful close to the deal, seamless integration, and synergies that are at least as much as what mgmt indicated ($200MM).”
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