Ratings Weekly | Nvidia, Apple, Microsoft, Tesla, Meta, SpaceX, CoreWeave, Dell, and More to Watch

Here are the biggest calls on Wall Street This Week:

Evercore ISI reiterates Nvidia as buy

Evercore said it’s sticking with the stock.

“We are buyers of NVDA. NVDA has underperformed SPX recently, which we attribute to 3 concerns: 1) DeepSeek lowers AI demand; 2) DeepSeek shifts AI compute-cycles away from NVDA; and 3) Blackwell delays. Our channel checks dispute the concerns.”

UBS reiterates Apple as neutral

UBS said its checks show iPhone wait times are flat for Apple.

“UBS Evidence Lab data that tracks iPhone availability across 30+ geographies indicates that average wait times were shorter by ~4 days YoY for the Pro and relatively flattish for the Pro Max.”

Goldman Sachs reiterates Microsoft as buy

The firm said it’s bullish ahead of earnings.

“We think Microsoft is the best positioned name in our Software coverage (also on CL) to benefit from compounding AI product cycles.”

Morgan Stanley reiterates Tesla as equal weight

The firm said it is getting more “constructive” ahead of Tesla earnings.

“Energy remains an underappreciated business, with integrated storage, solar, and compute driving Tesla as an integrated distributed compute and power provider.”

Goldman Sachs reiterates Meta as buy

Goldman raised its price target on Meta to $860 from $725.

“The recent success with the Muse agent launch and the Wonder model family release has catalyzed a significant re-rating in the shares from recent levels.”

Evercore ISI reiterates SpaceX as outperform

Evercore raised its price target to $275 per share from $230.

“We expect SPCX’s 3Q26 print to be judged less on the quarter (where we’re ahead of the Street on revenue/EBITDA) than on five debates that should drive medium-term estimates and sentiment through year-end and into 2027.”

Deutsche Bank reiterates CoreWeave as buy

Deutsche said buy the dip.

“The inability of peers to execute and/or finance their growth ambitions would also arguably support our view of CRWV’s differentiated track record & positioning; if others are unable to successfully deliver against their targets in a very tightly supply constrained market the value of operational compute from established providers rises further.”

Barclays downgrades Dell to equal weight from overweight

Barclays said it’s worried about slowing growth for Dell.

“We believe the vast majority of this growth comes from higher ASPs to offset memory inflation. As a result, we expect a meaningful deceleration in growth over the next two years as memory prices normalize and potentially decline.”

Deutsche Bank upgrades Walmart to buy from hold

Deutsche said it sees “more ways to win.”

“We are upgrading WMT to Buy as we see a more favorable setup into 2027.”

Macquarie initiates Intuitive Machines as outperform

Macquarie said it likes the company’s balance sheet.

“LUNR offers exposure to increasing investment in recurring space operations and services, supported by a broad range of capabilities which has enabled its transformation into a vertically integrated space prime, while also supported by a net cash balance sheet.”

Morgan Stanley upgrades Quantinuum to overweight from equal weight

Morgan Stanley said the company is best positioned for quantum computing.

“We upgrade Quantinuum to Overweight (PT $62, ~88% upside) as our top quantum play...”