Ratings Weekly | Dell, Oracle, Apple, SK Hynix, Nebius, Tesla, Palantir and More to Watch

Here are the biggest calls on Wall Street This Week:

Dell Technologies

RBC initiates Dell as outperform

RBC said it sees “AI infrastructure demand.” “We initiate coverage of DELL with an Outperform rating and a $640 price target.

Evercore ISI reiterates Dell as outperform

The investment bank raised its price target on Dell to $650 per share from $575. “Despite the move up in DELL shares, we see room for further appreciation, with the next phase driven by enterprise AI adoption, higher margin attach and continued OPEX leverage. Maintaining our OP and raising our target to $650, with upside at $1,000.”

SpaceX

Evercore ISI reiterates SpaceX as outperform

Evercore said it’s sticking with SpaceX. “We walk away incrementally more bullish on the visibility and monetization of the AI infrastructure opportunity, while also seeing a more aggressive competitive posture emerging in Mobile.”

Piper Sandler reiterates SpaceX as neutral

Piper says it's concerned that Starship launches might ramp up "too slowly." "We think SpaceX may embrace the role of enabler, to dispel anti-trust concerns."

Raymond James initiates Rocket Lab as outperform

The firm said shares are compelling. “Initiating coverage of Rocket Lab, an emerging vertically integrated space platform, with an Outperform rating and $80 target price.”

DA Davidson reiterates Palantir as buy

The firm raised its price target on Palantir. ” Palantir’s AIPCon11 was focused on AI sovereignty and its approach appears to be embraced by customers. We see an increasingly long runway for PLTR and are raising our price target to $250 from $200.”

Bank of America reiterates Oracle as buy

Bank of America said it sees growth acceleration following the company’s earnings report on Thursday. “Our bullish view on Oracle is based on accelerating demand in the company’s OCI [Oracle cloud infrastructure] segment.”

Tesla Motors

Morgan Stanley reiterates Tesla as equal weight

The firm raised its bull case on the stock and says the company’s autonomous trucking software is promising. “Autonomous trucking offers 2.3x better utilization, 20% lower cost/mile, and 6x higher profit/truck vs. human driving . Tesla Semi is small today but a $0.85-$1/mile FSD fee (~$12-$18k/ truck/month) means small volumes can move numbers. We raise our bull case by $20 to $840.”

Wells Fargo reiterates Tesla as underweight

The bank says its Tesla survey checks show deliveries trending up month over month. “Of the 5 mkts we track, Aug TSLA deliveries are trending -4% y/y, though +45% m/m.”

JPMorgan reiterates Tesla as neutral

The firm said in a note on Thursday that Tesla Motors faces an uncertain path to regulator approval for the Cybercab. "With the official public roll-out of the Cybercab, the debate no longer pertains to whether the vehicle can drive itself but whether a controls-free, purpose-built platform can clear an authorization landscape that remains deeply fragmented across jurisdictions."

NVIDIA

Bank of America reiterates Nvidia as buy

Bank of America says its checks show Nvidia is one of the most owned stocks in its semis coverage. “In SPX, NVDA r emains most-owned semi, ahead of AVGO, then AMD.”

Raymond James reiterates Nvidia as strong buy. The firm says its Asia checks show robust demand

“Nothing in our checks challenged our constructive AI-demand view. GPU racks remain the large majority of AI-system revenue at major manufacturers, while suppliers continue expanding capacity around NVIDIA platforms.”

JPMorgan initiates SK Hynix as overweight

JPMorgan says the company has "AI cycle durability." "We initiate coverage of SK hynix with an OW rating and a Jun-27 PT of US$245 based on a 20% ADR premium to the local share price target."

JPMorgan upgrades Meta to overweight from neutral

The firm also raised its price target to $820 per share from $640. "We believe there's still meaningful upside potential as Meta Platforms, Inc. is in the early stages of releasing frontier models and AI-driven products beyond advertising, notably Muse AI agent and Meta Model API access."

Bank of America reiterates Apple as buy

Bank of America lowered its price target to $370 per share from $380 following the company's iPhone product unveil on Wednesday. "In his first major product launch as CEO, Mr. Ternus emphasized Apple's long-standing focus on building reliable products that combine hardware, software and services to deliver differentiated user experiences."

Truist initiates Nebius as buy

Truist says it sees margin upside. "We are initiating coverage of NEBIUS with a Buy rating and $355 PT. We view Nebius as an opportunity to invest in a scaling AI-native hyperscaler still building out its infrastructure."