Wednesday's Biggest Analyst Calls: Nvidia, Apple, Ralph Lauren, Doordash, Coreweave, Krispy Kreme and More

Here are Wednesday’s biggest calls on Wall Street:

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Cantor Fitzgerald Starts Coverage on CoreWeave with a Buy Rating

Cantor Fitzgerald kicked off coverage on CoreWeave with a bullish stance, citing strong growth drivers in artificial intelligence.

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According to the firm, CoreWeave stands to gain from long-term AI adoption trends, especially in large language model (LLM) training and inference. The company’s position as an AI-focused hyperscaler with software-driven solutions, combined with a favorable near-term demand-supply setup and clear competitive advantages, underpins this positive view.

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Goldman Sachs Cuts Deutsche Bank to Neutral

Goldman Sachs downgraded Deutsche Bank from buy to neutral, largely on valuation concerns after the recent stock rally.

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The firm noted that the bank now trades at price-to-earnings multiples similar to its peers—about 10x its 2025 earnings estimate and 9x its 2026 projection—leaving limited upside from current levels.

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Wells Fargo Reaffirms Nvidia as Overweight Ahead of Earnings

Wells Fargo maintained its Overweight rating on Nvidia ahead of its earnings report due after the bell on Wednesday.

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The analysts expressed confidence in Nvidia’s leadership in gaming GPUs and its expanding presence in high-performance computing, data centers, and fast-growing AI markets.

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Piper Sandler Initiates Inventiva with an Overweight Rating

Piper Sandler began coverage on biotech firm Inventiva, calling the stock well positioned for growth.

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The firm initiated with an Overweight rating and a $26 price target, signaling confidence in the company’s pipeline and market opportunity.

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Goldman Sachs Maintains Apple as Buy Ahead of Product Event

Goldman Sachs reiterated its buy rating on Apple, pointing to optimism ahead of the company’s Sept. 9 product launch.

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While historically these events have had minimal immediate impact on the stock, the firm is encouraged by reports of design enhancements for the iPhone 17 lineup, including a new “Air” model and larger base screen size, as well as the possibility of higher pricing for the Pro series.

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Loop Capital Reiterates DoorDash as Buy

Loop Capital maintained its bullish outlook on DoorDash, calling it a clear category leader.

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Despite its premium valuation compared to other gig-economy players, the firm believes DoorDash’s robust growth, significant earnings potential, and strong management team justify the higher multiple. It reiterated a $305 price target.

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KeyBanc Starts Coverage on Mach Natural Resources with Overweight

KeyBanc initiated coverage on Mach Natural Resources, assigning an Overweight rating and setting an $18 price target, citing strong positioning in the natural resources sector.

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JPMorgan Downgrades Krispy Kreme to Underweight

JPMorgan cut its rating on Krispy Kreme to Underweight from Neutral, citing limited visibility into the company’s turnaround strategy. The firm did not assign a price target.

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Bank of America Upgrades Vir to Buy

Bank of America raised Vir from Neutral to Buy, increasing its price objective to $14 from $12. The firm believes the market is underestimating the potential of Vir’s treatment for severe liver disease caused by hepatitis delta virus.

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JPMorgan Boosts Televisa to Overweight

JPMorgan upgraded Televisa to Overweight, noting stronger growth prospects for its media assets. The firm highlighted TelevisaUnivision’s progress in generating cash and reducing leverage while growing faster than key U.S. peers.

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Jefferies Maintains Ralph Lauren as Buy

Jefferies reaffirmed its buy rating on Ralph Lauren, citing renewed consumer attention driven by pop culture. The firm noted that Taylor Swift has long been associated with the brand and even featured in Ralph Lauren for Time’s Person of the Year cover in 2023. With Swift’s upcoming album launch and the NFL season featuring Travis Kelce, Jefferies sees positive brand momentum.

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HSBC Upgrades Amer Sports to Buy

HSBC upgraded Amer Sports from hold to buy, saying it expects another growth phase for the sporting goods company after sitting on the sidelines since its downgrade last year.

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HSBC Raises Eli Lilly to Neutral

HSBC lifted its rating on Eli Lilly from reduce to neutral, stating that the previous bearish outlook has largely played out. The firm also noted the company’s decision to raise prices outside the U.S., signaling strong pricing discipline.

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CLSA Initiates Micron as Outperform

CLSA launched coverage on Micron with an Outperform rating, saying the company is well positioned to ride the AI boom. The firm cited strong demand for high-bandwidth memory (HBM) and a favorable supply-demand balance in DRAM for 2025 and beyond.

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Wedbush Starts Coverage on Serve Robotics with Outperform

Wedbush began coverage on Serve Robotics, calling it a pioneer in autonomous delivery solutions. The firm issued an Outperform rating with a $15 price target, highlighting the company’s unique positioning to benefit from AI-driven last-mile delivery adoption.

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Mizuho Initiates Phreesia as Outperform

Mizuho initiated coverage on Phreesia, a leader in patient intake management software, with an Outperform rating and a $36 price target. The firm sees significant upside in the company’s expanding healthcare tech solutions.

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