Top Calls on Wall Street: Nvidia, Tesla, Alphabet, Apple, Amazon, Marvell, Chime, Carvana, and More

Here are Monday’s biggest calls on Wall Street.

Morgan Stanley reiterates Nvidia and Broadcom as overweight

The firm raised its price target on Nvidia to $250 per share from $235 and on Broadcom to $443 per share from $409.

“Focus is AI strength across the board; we raise estimates on AVGO but importantly also for NVDA, as we see both ramping materially next year.”

Seaport reiterates Nvidia as sell

Seaport said it sees too much competition for Nvidia.

“We see Nvidia facing growing competitive pressure. To address this, the company has been leaning on a variety of sales mechanisms to adapt. These measures are not fully reflected in financials, but they are already material and look likely to grow significantly next year.”

TD Cowen reiterates Tesla as buy

TD Cowen said Tesla’s robotaxi is best positioned.

“We had an opportunity to take three Tesla RoboTaxi rides in Austin last week, covering nearly 40 miles over ~2hrs at a $1.08 price/mile. Rides were impressive all around, with two notably complex scenarios (emergency vehicles & construction site) handled very well.”

Guggenheim reiterates Alphabet as buy

Guggenheim raised its price target on the stock to $375 per share from $330.

“Our increased confidence stems from three key developments: (1) exceptional cloud backlog growth supported by surging enterprise AI demand, (2) YouTube’s sustained dominance in streaming viewership with improving monetization dynamics, and (3) Google Gemini’s emergence as a leading AI platform with rapidly growing adoption metrics.”

JPMorgan reiterates Apple as overweight

The firm said its iPhone checks show lead times increasing.

“In Week 12 of our Apple Product Availability Tracker, lead times across the iPhone 17 series increased by one day, which is largely in-line with seasonality for this time of year due to Black Friday related increase in consumer demand.”

Oppenheimer reiterates Amazon as outperform

The firm said it sees “meaningful upside” for Amazon.

“Raising target to $305 (was $290) while reiterating Outperform rating after our analysis of AWS [Amazon Web Services] capacity commentary suggests significant upside through 2027.”

Morgan Stanley reiterates Marvell as equal weight

Morgan Stanley raised its price target on Marvell ahead of earnings on Tuesday to $86 per share from $76.

“We expect strength in optical to continue, and are hopeful that the expectations shortfalls on Trainium are behind us.”

Goldman Sachs upgrades Chime Financial to buy from neutral

Goldman said investors should buy the dip in the financial services company.

“We are upgrading shares of Chime to Buy with a $27 price target for ~28% upside to shares.”

UBS initiates Carvana as buy

UBS said the online used car company is best-in-class.

“We initiate coverage of Carvana (CVNA) with a Buy rating and a $450 12-month price target.”

HSBC upgrades Chevron to buy from hold

HSBC said buy the dip in shares of Chevron.

“We upgrade the stock to Buy. CVX has underperformed the sector and US markets in the past few months. We think negativity around potential acquisitions is overdone, as we expect any deals to be beneficial to CVX.”

Bank of America initiates WeRide as buy

Bank of America said the China robotaxi company is well positioned.

“We expect WeRide to ramp up its fleet size and turn profitable in 2029, driven by (1) a broader overseas rollout of robotaxi services, supported by partnerships and first-mover advantages; (2) improving profitability of robotaxi in China market, thanks to better economies of scale; (3) ramp up of robobuses, robovans and robosweepers business, leveraging the WeRide One platform.”