Top Calls on Wall Street: Nvidia, Meta, Amazon, Palantir, Micron, Qualcomm, PayPay, and More

Here are the biggest calls on Wall Street on Monday:

Morgan Stanley reiterates Nvidia as overweight

Morgan Stanley says it’s optimistic heading into the company’s GTC Conference this week.

“We believe that NVIDIA is due to catch up to other stocks in the supply chain, and see this as a very good entry point.”

Morgan Stanley reiterates Meta as overweight

Morgan Stanley says the stock remains a best idea.

“META is latest in series of big tech companies beginning to drive further efficiency from GenAI-related tools. Reports suggesting 20% workforce cuts could represent 5-10% upside to ’27 EBIT, provide higher EBIT floor through investment and torque as revenue investments yield.”

Bank of America reiterates Amazon as buy

The firm says it’s bullish on the company’s ability to grow revenue through Prime Video.

″...we remain constructive on Amazon’s ability to increasingly monetize its Prime offerings. Also, we note that Amazon continues to lower its cost to deliver goods, which could reduce the need for a broader
Prime fee increase in 2026.”

Wedbush reiterates Palantir as outperform

Wedbush says the company has a “unique” offering.

“Palantir’s unique AI software approach will be a growth catalyst as governments look to further increase efficiency with more software/lower headcount with PLTR gaining more deals across the federal government with its software value proposition playing perfectly into the broader efficiency theme”

RBC reiterates Micron as outperform

RBC raised its price target on Micron to $525 per share from $425.

“We are raising estimates significantly on continued pricing strength. The key question is about duration—our base case is for pricing to increase through CY26.”

Seaport downgrades Qualcomm to sell from neutral

Seaport says it’s concerned about a memory crunch.

“The memory crunch is likely going to hurt Qualcomm’s customers the hardest. Qualcomm looks set to lose share even while its addressable market shrinks this year. Downgrade to Sell, from Neutral.”

Macquarie initiates PayPay as outperform

Macquarie says the Japan-based QR payment company is well positioned.

“We initiate coverage of PayPay at Outperform with a SoTP target price of $22.90.”

BTIG upgrades Upstart Holdings to buy from neutral

BTIG says it’s bullish on the company’s recent bank charter application.

“We upgrade UPST shares to Buy with a $43 target price. Our target is 6x 2027 EPS if our bank expense savings math is right, and 9x if our bank math is wrong.”