Insights from Wall Street
This Monday brought quite a bit of chatter from various Wall Street firms. Morgan Stanley is staying positive on Nvidia, keeping an Overweight rating as optimism builds around the upcoming GTC conference. They believe there’s a good chance Nvidia will align with other stocks in its supply chain, suggesting that now might be a solid time to invest.
KBW has upgraded Rocket Companies to outperform, anticipating a “higher earnings floor.” Their outlook on mortgage industry fundamentals leads them to predict that the current stock price is well-positioned to offer a total return of around 50% over the next year.
Meanwhile, Guggenheim is enthusiastic about JFrog, stating the software company is excelling. They noted that JFrog acts as a crucial system for managing software deliverables, impacting both software development and enterprise risk management. They highlighted a strong 2025, driven by significant cloud growth and a shift towards improved security practices.
BTIG has moved Upstart Holdings from neutral to acquisition, expressing bullish sentiments regarding the company’s recent banking charter application. They’ve set a price target of $43, contemplating various earnings scenarios through 2027.
Jefferies is upgrading Simply Good Foods from hold to a buy recommendation. They appreciate the company’s commitment to healthy eating and see the stock as undervalued, especially considering its growth potential in the protein sector.
Additionally, Jefferies has launched coverage on Avivax, suggesting it’s undervalued in the biotech field. They’re optimistic about obefazimod, which they believe has significant potential in treating inflammatory bowel disease.
Evercore ISI has initiated coverage on Cohu, giving it an Outperform rating thanks to a favorable market position. They believe the company will benefit from three key drivers moving forward.
Oppenheimer has noted that Lindblad Expeditions Holdings offers a uniquely differentiated service in the travel sector, particularly with its cruises co-branded with National Geographic.
RBC remains confident in Micron, raising its price target to $525 per share from $425, citing persistent pricing strength as a key factor in their revised outlook.
Berenberg upgraded Ecolab from neutral, citing that chemical companies stand to gain from inflation. They reported significant price increases across Ecolab’s products, reflecting their strategy following past energy price spikes.
Macquarie has launched coverage on PayPay, emphasizing the strong positioning of the Japan-based QR payments company.
Morgan Stanley continues to back Meta as Overweight, noting that it has become more efficient with GenAI-related tools, which may lead to improvements in EBIT by 2027.
On the flip side, Seaport has downgraded Qualcomm from neutral to sell, expressing concerns over memory shortages potentially impacting Qualcomm’s market share.
Bank of America remains optimistic about Amazon’s growth potential, particularly through its Prime Video offerings, suggesting that reduced delivery costs may alleviate the pressure for price hikes in the near future.
Lastly, Wedbush reiterates that Palantir is outperforming, highlighting its unique AI software as a vital growth catalyst for governments aiming to enhance efficiency.
