Here are the biggest predictions on Wall Street on Monday: Bank of America Buys Nvidia Bank of America said it will continue to hold Nvidia shares. “We are buying our top pick NVDA and maintaining our $1,500 PO following the CEO’s keynote ahead of Computex in Taiwan this weekend.” Goldman Sachs Buys Apple Goldman was bullish heading into the company’s Worldwide Developers Conference on June 10. “AAPL is likely to unveil new AI-powered features that will be embedded in Siri and other apps and features.” Morgan Stanley Reiterates Overweight on Tesla Morgan Stanley said attention will be focused on Tesla’s shareholder meeting on June 13. “We encourage investors to pay close attention to the meeting on June 13 as it will be important to the company’s long-term strategic direction.” Jefferies Buys Silvaco Jefferies said it sees the software company poised for exceptional growth. “We see SVCO as an exceptional growth company in a popular sector with few publicly traded companies.” Mizuho reiterates buy rating on Meta Mizuho said it maintained its buy rating on Meta. “We are increasingly confident in the product drivers, manageability of China advertising decline, operating expense flexibility to pass capex stress tests, and attractive long-term options.” Wells Fargo reiterates overweight on Citi Wells raised its price target on Citi to $85 from $80 per share. “Citi’s best-in-class global wholesale services and payments LOBs appear to be the most undervalued and undervalued asset.” JP Morgan upgrades Krispy Kreme to overweight from neutral JP Morgan upgraded Krispy Kreme following a change in analyst coverage. “At $10.46 (May 31 close), the stock is approaching a support level of around $10, its all-time low. We expect the first record to come in the last week of December 2022, followed by a rebound to $12 or higher within 30 days and $15 or higher within 90 days.” JP Morgan Downgrades Cava to Neutral from Overweight JP Morgan downgraded the stock primarily based on valuation. “While we remain constructive on the clean business model, we are changing CAVA to valuation-focused neutral.” Piper Sandler Upgrades Massimo to Overweight from Neutral Piper said it is becoming more bullish on the medical technology company’s stock. “We are upgrading Masimo shares to Overweight, and the decision is pretty straightforward. We believe investors have a good chance of profiting from current levels.” RBC Upgrades Kimberly-Clark to Outperform from Sector Perform RBC said it sees “solid growth” in the upgrade. “We upgrade KMB shares to Outperform and raise our price target to $165, implying a 27% return.” Jefferies Recommends Buy on LOAR Jefferies is bullish on the aerospace and defense company’s stock. “We recommend Buy on LOAR: 1) Commercial aftermarket represents 37% of ’23 revenues and is expected to grow at 11% organic CAGR through ’26E, incremental to 55%, with EPS expected to rise 24% in ’25, accounting for aging aircraft; 2) EBITDA margins expand from 35.5% in ’26E to 39% due to net PX and operating leverage, with a long-term target of 42%.” Melius Recommends Buy on Broadcom Melius is bullish on Broadcom shares, saying: “Sustained leadership in key segments and a strong AI portfolio benefiting from the ‘inference phase’ of generative AI. ” Citi upgrades Best Buy to buy from sell Citi said the stock has “upside potential” with its second upgrade. “We are upgrading BBY shares to buy from sell for the second time.” We believe the catalyst path from here is positive with upside potential on both earnings and valuation, driven by the ongoing tech replacement cycle, increased demand from new AI innovations, and solid margin execution.” Guggenheim upgrades MongoDB to neutral from sell Guggenheim said it sees a “path to acceleration” with its upgrade on the stock. “We upgrade MDB shares to neutral from sell and withdraw our price target (previously $260).” Goldman Sachs reiterates First Solar as buy Goldman raised its price target on the stock to $302 from $268. “We are bullish on FSLR’s outlook and believe several tailwinds could support ASP growth and potential capacity expansion. These are two short- to medium-term catalysts that we highlight as reasons to remain positive on the stock even after the recent strong outperformance.” Stifel Rates Proficient Auto Logistics as a Buy Stifel said it is bullish on the auto transport company’s stock. “We are initiating coverage of Proficient Auto. Logistics, Inc. (NASDAQ: PAL) with a Buy recommendation.” Bernstein Reiterates Airbnb as Outperform Bernstein said Airbnb is a top investment priority for the firm. “The company is reporting 18% first quarter revenue growth, mid-to-high 30% margins, EBITDA beating expectations in 14 of 14 quarters since IPO, and cashing out 140% of EBITDA at a time when travel is normalizing. We think this should be a clear buy consensus, but questions remain.”Ross MKM Recommends Sportsman’s Warehouse to Buy Ross said the shooting sports company is “attractively positioned.” “We are taking Sportsman’s Warehouse as a buy with a $5 price target. Our positive view is based on our view that Sportsman’s occupies an attractive position in the mass shooting sports market, with potential for healthy and defensible growth in the future…”Goldman Sachs Reiterates Buy Recommendation on Marvel Goldman said it maintains a buy recommendation on Marvel shares. “We maintain our buy recommendation due to the long-term AI opportunity, but the gross margin trajectory will likely weigh on the stock in the near term. Q1 EPS Summary.”
Monday’s analyst call looks like Nvidia’s
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