Top Calls on Wall Street: Nvidia, Broadcom, Apple, Tesla, Lumentum, Microsoft, Nebius & More

Here are the biggest calls on Wall Street on Monday:

Morgan Stanley reiterates Nvidia and Broadcom as overweight

The firm said it’s sticking with both stocks. “This remains an unusual memory cycle, as data center strength is the only cause – which means that as we saw in April there are mixed signals elsewhere that may be a false flag. Memory isn’t the best risk reward in our coverage – which we think is NVDA/ AVGO – but it’s catching up fast.”

Goldman Sachs initiates Versigent as buy

Goldman said the electrification company has plenty of upside. “We are initiating coverage of Versigent (VGNT) with a Buy rating and a $48 price target, implying 20% upside.”

BMO downgrades Charles Schwab to market perform from outperform

BMO downgraded the stock on valuation. “We are downgrading SCHW to Neutral from Market Perform. Fundamentals remain strong, but after a roughly 20% rally and outperformance vs. SPX and XLF, we feel the risk/reward is more balanced.”

BMO initiates Crane as outperform

BMO said it likes the company’s A & D exposure. “We launch coverage of Crane at Outperform with a $253 target (+17% upside).”

Cantor Fitzgerald reiterates Tesla as overweight

The firm said it’s sticking with the stock ahead of earnings later this week. “Overall, we continue to see Tesla’s Robotaxi segment and Cybercab as a software-as-a-service, high-margin model. We continue to expect TSLA will have the ability to scale rapidly following commercialization (despite the delayed expansion) and capture meaningful market share.”

Barclays upgrades Lumentum to overweight from equal weight

Barclays said buy the dip in Lumentum shares. “The underlying fundamentals remain strong for transceiver/laser demand, and we like the risk/reward on the pullback. Our PT remains unchanged at $1,000.”

Goldman Sachs upgrades Urban Outfitters to buy from neutral

Goldman said it sees profit improvement. “We upgrade shares of URBN to Buy from Neutral with a 12-month price target of $93.”

Goldman Sachs upgrades Yeti to buy from neutral

Goldman said it sees improving growth. “Our latest channel checks and brand momentum work increase our conviction that YETI’s growth outlook is becoming more durable.”

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Mizuho initiates BP as outperform

The firm said shares of the oil and gas giant have plenty of upside. “We are initiating coverage of BP Plc (BP) with an Outperform rating and $51/ADS NAVbased price target.”

Mizuho initiates TotalEnergies as outperform

Mizuho said the energy company has a differentiated offering. “We are initiating coverage of TotalEnergies (TTE) with an Outperform rating and $103 NAV-based price target.”

CLSA initiates Microsoft and Adobe as outperform

CLSA said Microsoft is firing on all cylinders. The firm also initiated Adobe and says its “moats are neglected.”

“Among our six initiations, we recommend Microsoft as O-PF for its ubiquity, despite a bumbling Copilot that is acquiring shades of Clippy. Adobe wins our vote with an O-PF - its stock reflects the market’s fears, but its moats are neglected amid metrics that have held on better than believed.”

JPMorgan initiates Moog as overweight

JPMorgan said the aerospace company has a wide moat. “We are initiating coverage of Moog Inc. (MOG/A) with an Overweight rating and a Dec. 2027 price target of $520, implying ~35% upside potential.”

Rothschild & Co Redburn initiates DPC Holdings as buy

The firm said the metal components company is compelling. “Doncasters operates in a capacity-constrained market with high barriers to entry and expensive switching costs amid a limited pool of vertically integrated scaled competitors.”

Deutsche Bank initiates Regal Rexnord as buy

Deutsche said the electrification and transmission company has plenty of growth ahead. “We initiate coverage of Regal Rexnord with a Buy rating and $286 price target; this implies >30% upside to the current stock price.”

Deutsche Bank downgrades Monster to hold from buy

Deutsche downgraded the stock on valuation. “We are downgrading MNST to Hold today as the stock’s recent outperformance has left valuation increasingly dependent on outcomes that exceed our already constructive expectations.”

Citizens initiates Gloo Holdings as market outperform

Citizens said it likes the software company’s management team. “We are initiating coverage of Gloo with a Market Outperform rating and $8 price target.”

HSBC initiates Apollo Global as buy

The firm said Apollo is best positioned. “We initiate Apollo with a Buy as we like the firm’s AUM positioning in the current environment...”

Morgan Stanley upgrades Global Payments to overweight from equal weight

Morgan Stanley said the stock is best positioned for a rerating. “We are upgrading GPN to OW as we think the setup has become increasingly asymmetric to the upside. Checks on both Genius and Worldpay are turning more constructive among their respective SMB and enterprise customers, suggesting improved competitive positioning that’s supportive of a durable MSD growth algo.”

Bank of America reiterates Apple as buy

The firm said it’s sticking with the stock ahead Apple earnings later this month. “As we head into F3Q26 (Jun Q) earnings after market close on Thur July 30th, investor focus will be on component cost inflation, durability of gross margins and the end of an era with Tim Cook as CEO.”

Jefferies upgrades Fervo Energy to buy from neutral

Jefferies said buy the dip. “We upgrade FRVO to BUY after a ~40% pull-back from May IPO highs, creating an improved risk-reward skew.”

Loop upgrades Harley-Davidson to buy from neutral

Loop said it’s getting more confident after dealer checks. “We are upgrading HOG shares to BUY with a $32 PT (vs. previous $24 PT) after our latest conversations with Harley dealers gave us increased confidence in HOG’s ability to execute their ‘Back to Bricks’ strategic plan for FY27 and beyond.”

JPMorgan initiates Enpro as overweight

JPMorgan said the industrial tech company has “compounding value.”

“We are initiating coverage of Enpro Inc. (NPO) with an Overweight rating and a YE27 $420 price target, representing ~30% upside potential from current levels.”

BTIG initiates BrainsWay as buy

BTIG said the health tech company has a slew of positive catalyst ahead. “We are initiating coverage of BrainsWay (BWAY) with a Buy rating and $18 price target.”

Wolfe initiates Mobility Global as outperform

Wolfe said the company has a wide moat. “We are initiating coverage of MBGL with an Outperform rating and a YE26 price target of $25.”

Freedom Capital Markets upgrades Nebius to buy from hold

The firm said shares have an attractive entry point.

“Nebius (NBIS): Upgrading to Buy. Its Stock Price May Finally Be Right. Fundamentally, We’ve Always Been Fans.”

Leerink initiates Shattuck Labs as outperform

The firm said the biotech company has a differentiated offering. “Shattuck is initially targeting Crohn’s disease...”

Cantor Fitzgerald initiates Trulieve Cannabis as overweight

Cantor said it’s bullish on the cannabis company. “We are initiating coverage of TRLV at Overweight with a $15 price target.”

Citi initiates AerCap Holdings as buy

Citi says the aerospace company is a share gainer. “AER is the global leader in aviation leasing and is exposed to the same aerospace megatrends driving many stocks across our coverage.”