Wall Street Unleashes Flurry of Ratings Monday: NVIDIA, Apple, Tesla and More in Focus
Taylor Wilson
Wall Street firms issued a burst of analyst ratings on Monday, with AI compute and data-center infrastructure as the dominant bullish thread; Tesla delivery data and Apple's supply-chain moves mark the two near-term checkpoints heading into quarter-end.
AI compute is the through-line — who got the strongest nods?
Bernstein reiterated Nvidia at Outperform, framing it as a key player in humanoid robotics — its processors serve as the robot "brain," handling sensor data, inference, planning, and execution.
This means → the market's Nvidia thesis has moved beyond "GPU seller" to gatekeeper of the robotics-era compute stack.
UBS lifted Marvell's target from $230 to $340, maintaining Buy, on its leading share in CXL — Compute Express Link, an interface that speeds data movement between CPUs and memory.
Raymond James initiated AppLovin at Strong Buy with a $640 target; Goldman started Innio at Buy, calling it a global leader in distributed power for data centers. In plain terms = compute growth needs power first, and Innio sits at that chokepoint.
Tesla and Apple — what is each one proving right now?
TD Cowen held Tesla at Buy, forecasting Q2 deliveries of roughly 418,000 units — above the 406,000 consensus. June alone may account for about 48% of the quarter's total.
This means → if June numbers land, Q2 deliveries could push into the mid-400k range, making it the hardest near-term proof point.
Loop maintained Apple at Buy. Channel checks show Apple is seeking DRAM supply from China's ChangXin Memory Technologies (CXMT) and has lobbied the U.S. government on the matter.
This reflects a pragmatic supply-chain trade-off: Chinese capacity for supply flexibility — but the political sensitivity rises in step.
Among the new initiations, which directions stand out?
Bank of America initiated quantum-computing firm Quantinuum (QNT) at Buy with a $100 target, calling it the "performance leader" in quantum hardware and software. It also started AADX at Buy, $24 target, on aerospace and defense demand.
Morgan Stanley initiated Sunshine Silver Mining at Overweight, positioning it as a silver-trade play — the company is restarting a high-grade Idaho silver mine and plans to build an antimony processing plant and silver refinery for vertical integration.
Citi started bitcoin miner TeraWulf at Buy/High Risk, $36 target, on data-center expansion; Goldman initiated Liftoff Mobile (LFTO) at Buy, $40 target; TD Cowen initiated indirect-tax software maker Vertex (VERX) at Buy, suggesting a buy-the-dip approach.
Who got downgraded, and who got upgraded — and why?
Wells Fargo cut Progressive from Equal Weight to Underweight, arguing the auto insurer faces a tougher growth phase — rate increases are narrowing and every competitor is chasing the same growth.
JPMorgan upgraded energy-infrastructure firm Primoris to Overweight, judging the market overreacted; execution issues should wash out over the next 12 months. In plain terms = the bad news is already in the stock; patience pays.
TD Cowen upgraded Delek US Holdings to Buy on strong refining dynamics, falling interest costs, and business-improvement initiatives. UBS upgraded biopharma company Cytokinetics to Buy, expecting an upcoming earnings update to drive outperformance.
Any signals at the margin?
Citizens initiated Six Flags at Outperform, arguing that despite a slower-than-expected Cedar Fair merger, ongoing integration remains a catalyst for traffic growth and balance-sheet improvement.
Wolfe initiated FrontView REIT (FVR) at Outperform, $23 target, on earnings-growth prospects.
This means → Monday's ratings wave extends well beyond tech — theme parks, REITs, silver mining, insurance all drew fresh calls, a sign that market attention is broadening from the AI-only narrative.
Content is for reference only, not financial advice.