Top Calls on Wall Street: Nvidia, Apple, Micron, SanDisk, IBM, Meta, Viking, Yum & More

Here are Wednesday’s biggest calls on Wall Street:

Morgan Stanley reiterates Nvidia as overweight

Morgan Stanley said Nvidia shares still have more room to run.

“We attended Nvidia’s Computex keynote as well an analyst Q&A in Taiwan this week, and came away more bullish on Nvidia’s leadership in GPUs as well as the emerging CPU growth opportunity.”

Goldman Sachs reiterates Apple as buy

Goldman said it’s bullish heading into Apple’s Worldwide Developer’s Conference next week.

“At the keynote, we expect Apple to announce the new AI-enhanced Siri, which will include many of the delayed features from the 2024 WWDC (e.g., on-screen awareness, personal context), as well as a dedicated Siri app that will have a chat interface similar to other LLMs.”

Morgan Stanley reiterates Micron and SanDisk as overweight

The firm raised its price target on Micron to $1,050 per share from $520. The firm also raised its price target on SanDisk to $1,750 per share from $1,100.

“Memory stocks were strong in 2025 and have continued to pace the market again in 2026, but we don’t think the run of strong performance is over.”

Citi reiterates IBM as buy

Citi raised its price target to $375 per share from $285.

“Concurrently riding and enabling the dual in-flight AI/Quantum architectural/computing paradigms shifts with structurally higher cash flows vs. mega-cap tech peers over time, IBM remains underappreciated/misunderstood. PT raised to $375 on higher exit multiples as confidence in quantum momentum grows, rendering related estimate impact more tangible”

Morgan Stanley reiterates Meta as overweight

Morgan Stanley said Meta has a slew of levers for revenue upside.

″...we see Meta AI search, subscription revenue, core ad revenue upside, and the neocloud ‘back-up’ plan as all $1-$3 drivers of upside to ’28 EPS.”

Bernstein initiates Viking Holdings as outperform

Bernstein said the cruise company is well positioned.

“The four aspects to the Viking bull case: (1) this is the only luxury travel pure-play, given a fast-growing aging /wealthy population this is an attractive category with just one stock - scarcity should command a premium. (2) Viking has a unique niche - they don’t compete directly with the lavish luxury of Regent or Ritz Carlton yacht but offer a comfortable luxury...”

Morgan Stanley upgrades Yum Brands to overweight from equal weight and downgrades Chipotle to equal weight from overweight

Morgan Stanley said Yum Brands is undervalued. The firm also downgraded Chipotle and says the stock is lagging.

“We favor YUM among big fast food. Shares don’t seem to give credit for solid growth profile or tech story; we also think a potential PH sale is positive. Upgrade to OW. We downgrade CMG to EW. The stock has lagged, but we don’t see the narrative changing; lower multiple vs history seems appropriate.”

UBS downgrades Victoria’s Secret to neutral from buy

UBS downgraded the stock following earnings.

“Our view is VSXY’s initiatives should drive comp sales growth inflection. VSXY has now delivered four consecutive quarters of robust comps, with 1Q26 accelerating 500 bps q/q to +13% y/y.”

Oppenheimer downgrades AT&T to perform from outperform

Oppenheimer said it’s concerned about SpaceX and satellite competition.

“We are downgrading T to Perform from Outperform. We think longer-term broadband subscriber growth and eventually mobile is at risk from rising threat of satellite LEO constellations.”