Top Calls on Wall Street: Nvidia, CoreWeave, Broadcom, Dell, Nio, Walmart, Cava, and More

Here are Wednesday’s biggest calls on Wall Street:

Piper Sandler reiterates Nvidia as overweight

Piper raised its price target to $225 per share from $180 ahead of earnings later this month.

“We are expecting another positive quarter from NVDA and see upside to numbers for both the July and October quarters.”

JPMorgan reiterates CoreWeave as overweight

JPMorgan said it’s sticking with CoreWeave following earnings on Tuesday.

“Despite the reality of lumpiness and volatility in business model, the fundamental drivers and business trends remain very solid, with the company speaking to strong demand that is outstripping supply and conveying robust pipeline momentum.”

Goldman Sachs reiterates Broadcom as buy

Goldman raised its price target on Broadcom to $340 per share from $315 ahead of earnings on Sept. 4.

“We believe expectations are elevated heading into the quarter, but many investors are positioned cautiously given elevated valuation, Street numbers which incorporate healthy growth in 2026, and few near-term catalysts.”

Wells Fargo reiterates Dell as overweight

Wells said shares of Dell have more room to run.

“We continue to see Dell as best-positioned AI server momentum story.”

Morgan Stanley reiterates Nio as overweight

Morgan Stanley said in a note to clients that it found several possible reasons for Nio’s selloff but that it’s sticking with the China EV company.

“As most EV startups are not yet in self-funding positions, investors are concerned that strong stock outperformance could lead to potential fundraising activity.”

Oppenheimer reiterates Walmart as outperform

The firm raised its price target on Walmart ahead of earnings on Aug. 21 to $115 per share from $110.

“Following a more difficult backdrop to start the year due to unexpected tariff and expense headwinds, we believe a positive guidance revision cycle could again materialize soon.”

Deutsche Bank upgrades Palo Alto Networks to buy from hold

Deutsche raised its price target on the stock to $220 per share from $200.

“We upgrade shares of Palo Alto Networks to a Buy rating and raise our DCF-derived TP to $220 given our thoughts on the health of the business, quality of its leadership, and forward prospects for the announced acquisition of CyberArk.”

Jefferies downgrades On Holding to underperform from hold

Jefferies said the shoe company’s valuation is too high.

“We believe ’25 will mark the peak in ONON’s sales growth rate as U.S. door count expansion slows and sell-in moderates in ’26 as retailer orders flow back to Nike.”

Bank of America reiterates Cava as buy

Bank of America said it’s sticking with the Mediterranean restaurant chain following earnings.

“We believe CAVA’s growth runway extends well beyond its 1,000 domestic restaurant target, as evidenced by upwardly revised unit economic targets.”