Ratings Weekly | Tesla, Apple, Nvidia, Microsoft, SpaceX, Intel, AMD, CoreWeave and More to Watch

Here are the biggest calls on Wall Street This Week:

Piper Sandler reiterates Tesla as Overweight

Piper lowered Tesla’s price target to $450 per share from $500.

“Following the Q2 results and publication of the 10-Q, we are cutting our 2026/2027 EPS estimates to reflect lower margins. This is particularly true in the Energy segment, but also in the Automotive segment.”

Baird reiterates Apple as Outperform

Baird raised its price target to $330 per share from $310 on Apple.

“We also think Street estimates over the NTM [next twelve months] are set up well, with potential for further upside.”

Morgan Stanley reiterates Nvidia as Overweight

Morgan Stanley says it’s bullish on the company’s deal with Amkor.

“AMKR announced a multi-year advanced packaging agreement with NVIDIA, expanding the companies’ existing partnership.”

Morgan Stanley reiterates Microsoft as Overweight

The firm lowered its price target to $600 per share from $650. “Greater than expected capacity-driven Azure growth inflection and Copilot monetization supports high-teens revenue growth. Meaningful gross margin headwinds are offset by operating leverage, yielding >20% EBIT and EPS growth, making 16x FY28 GAAP EPS too cheap. OW, $600 PT.”

HSBC initiates SpaceX as Hold

HSBC initiated the stock with a Hold rating mainly on valuation.

“Space, Connectivity, and AI are designed to leverage a repeatable, vertically integrated, cost-efficient model; SpaceX’s market leading rocket operation already effectively supports Starlink.”

Deutsche Bank reiterates Meta as Buy

Deutsche Bank remains bullish ahead of Meta earnings but lowered its price target to $800 per share from $810.

“We expect Meta to deliver another strong quarter, with advertising revenue likely approaching the high end of guidance as improving return on ad spend continues to attract incremental budget share.”

Bank of America reiterates Intel as Buy

Bank of America says it’s sticking with the stock following earnings.

“Intel’s Q2 beat/raise earnings call reconfirms the two pillars of our Buy thesis: 1) External manufacturing customer discussions have reached a more tangible stage, leading to capex boost (positive semicaps), and 2) INTC’s core server CPU business is strongly participating in the ongoing agentic cycle, with data center sales surging 59% YoY, INTC’s best growth rate in the past 15 years.”

UBS reiterates AMD as Buy

UBS raised its price target on the stock following the company’s AI Day.

“We are raising estimates and bumping PT higher from $700 to $730 on a new view that C2028 EPS could approach $30 following details and commentary from AMD on its CPU roadmap, share, and TAM presented at its AI Day.”

Truist upgrades CoreWeave to buy from hold

Truist says the risk/reward is compelling.

“CRWV - Upgrading to Buy as Enterprise Adoption of Open Models Supports Broadening Medium-Term Demand.”

Baird initiates Nebius at outperform

Baird says Nebius is best positioned.

“We are initiating NBIS with an Outperform rating and $250 price target.”