Monday’s Biggest Analyst Calls: NVIDIA, Apple, Walmart, Amazon, Alphabet & More

Here are Monday’s biggest calls on Wall Street:

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UBS Maintains Bullish View on Nvidia Despite Price Target Cut
UBS reaffirmed its "Buy" rating on Nvidia, even as it lowered its price target from $180 to $175. The firm cited expectations of a rebound in growth during the second half of the calendar year. UBS projects Nvidia’s fiscal 2027 earnings per share to reach around $5.90, higher than the low $5 range many investors currently expect. Despite trimming its estimates, UBS remains confident in the stock's upside.

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Jefferies Upgrades Marriott to Buy
Jefferies boosted Marriott International from "Hold" to "Buy," arguing that both Marriott and Hilton are well-positioned to perform even in uncertain economic conditions. The firm sees their business models as resilient and capable of supporting higher valuation multiples, noting that current share prices are trading around the midpoint of their historical ranges.

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Morgan Stanley Turns Bullish on Astera Labs
Morgan Stanley raised its rating on AI-focused semiconductor company Astera Labs from "Equal Weight" to "Overweight." The firm, which has been positive on Astera since its IPO, now sees an attractive entry point as AI optimism regains momentum and the company continues to post strong financial results.

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Bank of America Stands by Amazon
Bank of America reaffirmed its "Buy" rating on Amazon, highlighting the company’s growing use of robotics. So far, most robotic automation has been in fulfillment operations, which comprise about 17% of Amazon’s overall costs. Bank of America believes there is further cost-saving potential in the company’s delivery operations, which also represent a significant portion of expenses.

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Wells Fargo Sees JPMorgan as a Market Leader
Ahead of JPMorgan Chase’s investor day on May 19, Wells Fargo reiterated its "Overweight" rating. The firm believes JPMorgan is on a trajectory to become the first trillion-dollar bank by market capitalization if it maintains strong returns, operational efficiency, and market share expansion over the next few years.

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Morgan Stanley Remains Positive on Apple
Morgan Stanley continues to rate Apple as "Overweight," despite what it calls a "mixed picture" for its Services division. While concerns have surfaced about this segment, which includes the App Store, the firm believes that the market may be both overstating the risks and underestimating the resilience of Apple’s service revenues.

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Goldman Sachs Upgrades Anheuser-Busch InBev
Anheuser-Busch InBev earned an upgrade from Goldman Sachs, moving from "Neutral" to "Buy." Goldman sees the beverage giant at a turning point in its deleveraging process and believes macroeconomic conditions are shifting in its favor.

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Morgan Stanley Lifts TotalEnergies to Overweight
Energy firm TotalEnergies received a rating upgrade from Morgan Stanley, which shifted its view from "Equal Weight" to "Overweight." According to the analysts, TotalEnergies' integrated structure across the energy value chain helps reduce earnings volatility during periods of oil price fluctuations.

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Mizuho Initiates Primo Brands with a Positive Outlook
Mizuho launched coverage of beverage producer Primo Brands with an "Outperform" rating and a $43 price target. The firm sees strong growth potential ahead for the company.

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Bernstein Turns Bearish on Target
Bernstein downgraded Target from "Market Perform" to "Underperform," citing a mix of negative catalysts. These include weak credit card data for the first quarter, poor weather, subdued consumer confidence, and a diversity-related strike in March. With additional risks such as tariffs on the horizon, Bernstein expects Target may need to revise its full-year guidance downward.

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JPMorgan Upgrades Teva Pharmaceutical
JPMorgan raised its rating on Teva Pharmaceutical from "Neutral" to "Overweight," pointing to a newly announced cost-saving initiative. The firm believes this plan adds clarity to the company’s margin expansion strategy heading into 2026 and 2027.

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D.A. Davidson Maintains Neutral on Alphabet but Suggests Breakup
D.A. Davidson kept its "Neutral" rating on Alphabet but proposed a radical idea: the company should break itself up. According to the analysts, a breakup would allow investors to focus on specific parts of the business, such as streaming, cloud computing, and autonomous transport, which would be more attractive if separated.

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Barclays Reiterates Overweight Rating on Walmart
Barclays continues to back Walmart ahead of the company’s earnings announcement later in the week. While the stock has outperformed broader markets and retail peers year-to-date, it has lagged behind other consumer staples like grocers and warehouse clubs. Barclays attributes this to Walmart’s strong prior performance and high current valuation.

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Deutsche Bank Turns Positive on Johnson Controls
Deutsche Bank upgraded Johnson Controls from "Hold" to "Buy," expressing confidence in new CEO Joakim Weidemanis. The former Danaher executive has identified operational improvements that could help Johnson Controls narrow its profit margin gap with competitors.

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Piper Sandler Upgrades Forge Global
Piper Sandler upgraded capital markets platform Forge Global from "Neutral" to "Overweight," citing compelling valuation and increased traction in the private markets space.

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Argus Upgrades Wayfair on Home Furnishing Demand
Argus moved Wayfair to a "Buy" from "Hold" with a $40 target price. The firm believes homeowners, who are reluctant to sell due to low mortgage rates, are instead choosing to upgrade their interiors—an emerging trend that should benefit Wayfair’s business.

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