Ratings Weekly | SanDisk, Tesla, Nvidia, Apple, SpaceX, Alphabet and More to Watch

Here are the biggest calls on Wall Street This Week:

Bernstein Raises SanDisk Price Target to $3,000

In a research report published on June 30th, Bernstein significantly raised the price target for SanDisk Corp. from $1,700 to $3,000. This upward revision is not based on more aggressive near-term price forecasts, but rather on a deeper assessment: a new generation of Long-Term Agreements (LTAs) is reshaping the business model of the memory industry, leading to a significant reduction in profit volatility and thereby driving a re-rating of valuation frameworks.

Bank of America reiterates SanDisk as Buy

The firm raised its price target to $2,500 per share from $2,100.

“We rate SNDK Buy. We expect long-term growth in demand for data storage using NAND, mainly driven by generative AI & eSSD [Enterprise Solid-State Drive] share gains / demand in the data center.”

CLSA reiterates Nvidia as Outperform

The firm raised its price target to $360 from $300.

“We lift our NVDA earnings estimates 21%-53% over FY27-29. We are now 14%/24% above consensus for FY28/29, as our confidence in a longer upcycle for compute is rising.”

Deutsche Bank reiterates Tesla as Buy

Deutsche Bank said it expects second-quarter deliveries to top consensus.

“We expect Tesla’s 2Q26 vehicle deliveries to track above company-compiled consensus expectations by about 10k units at 416k for the quarter versus buy-side expectations of 413k–420k.”

Morgan Stanley reiterates Alphabet as Overweight

The firm raised its price target to $415 from $375.

“Tactical Flows Drive Underperformance... As GOOGL ’27/’28 visibility and fundamentals appear to be strengthening... creating a buying opportunity.”

Wells Fargo reiterates Advanced Micro Devices as Overweight

The firm raised its price target to $615 from $505.

“We are positive on AMD’s ability to continue gaining share in the server and PC CPU markets, increasing traction in datacenter GPUs, positive/accelerating incremental operating leverage, and ultimately, earnings power...”

UBS reiterates Apple as Neutral

UBS says its survey checks show interest in Apple’s iPhone remains solid.

“12-month purchase intent indicates solid interest in the US and Europe. UBS Evidence Lab recently surveyed over 7,500 smartphone users in the U.S., U.K., China, Germany, and Japan to gauge smartphone demand.”

Wedbush initiates SpaceX as Outperform

Wedbush says the stock is firing on all cylinders.

“We are initiating coverage on SpaceX with an OUTPERFORM rating and a $190 price target with SpaceX well-positioned to become a major hyperscaler with its vertically integrated platform across connectivity, launch, and AI infrastructure.”

Loop reiterates Netflix as Buy

Loop said Netflix has a robust advertising opportunity.

“The advertising business is becoming a measurable driver contributing about 240bps of growth last year and set to become much larger in our view.”