Here are Monday's biggest analyst calls: Nvidia, Apple, Tesla, Seagate, Warby Parker, AppLovin & more
HS 29/06/2026
Here are Monday’s biggest calls on Wall Street: Bank of America initiates Applied Aerospace & Defense as buy Bank of America said it sees “space and defense demand” for the aerospace company. “We initiate coverage of Applied Aerospace & Defense ( AADX) with a Buy rating and a PO of $24, reflecting 23x 2027E EV/EBITDA.” Citi initiates TeraWulf as buy Citi says it sees data center expansion for the bitcoin miner. “We initiate coverage on TeraWulf with a Buy/High-Risk rating and a target of $36.” Read more. Goldman Sachs initiates Liftoff Mobile as buy Goldman said the mobile app optimization company has more room to run. “We are initiating coverage of Liftoff Mobile, Inc. (LFTO) with a Buy rating and a $40 12-month PT Citizens initiates Six Flags as market outperform Citizens said it likes the theme park company’s execution. “While the merger between Six Flags and Cedar Fair has not progressed as anticipated, we view continued integration as a catalyst to drive attendance growth and improve the balance sheet.” Goldman Sachs initiates Innio as buy Goldman said the gas power for data center company has a slew of tailwinds ahead. “INIO is a leading global distributed power provider specializing in the design, manufacturing and servicing of gas engines, mainly for data centers, power solutions and compression end markets.” Raymond James initiates AppLovin as strong buy Raymond James said it sees a “long-term growth opportunity.” “We are initiating coverage of AppLovin (APP) with a Strong Buy rating and a $640 price target.” UBS reiterates Marvell as buy UBS raised its price target to $340 per share from $230. “We believe MRVL has the leading market share in CXL [compute express link] products to date..” Wells Fargo downgrades Progressive to underweight from equal weight Wells said it sees a rough growth patch for the auto insurance company. “We lower our rating on PGR as we see the company in a tougher growth patch as there is now less rating taking and all companies are looking to grow.” JPMorgan upgrades Primoris to overweight from neutral JPMorgan said in its upgrade of Primoris t hat the energy infrastructure company is undervalued. “We think the stock’s reaction has been overdone and that patient investors will be rewarded over the next 12 months as the company puts its execution issues in the rearview.” Morgan Stanley initiates Sunshine Silver Mining & Refining as overweight Morgan Stanley said the mine developer is a way to play the silver trade. ” Sunshine is restarting Idaho’s storied, high-grade Sunshine silver mine. A proposed antimony plant & silver refinery would create a vertically integrated operation to produce import-dependent critical minerals.” Loop reiterates Apple as buy Loop said its channel checks show Apple is looking into China for “memory relief.” “Following up on our previous trail of breadcrumbs pointing towar ds AAPL looking deeper into using local content in/from China for myriad reasons, the recent news of AAPL lobbying the US Government to allow for procurement of DRAM from Chinese CMXT [ChangXin Memory Technologies} is right on course with our ongoing research.” Bernstein reiterates Nvidia as outperform The firm said that Nvidia is a key player in the humanoid space. “Compute and software platform providers also have a clear path to building moats with NVDA and QCOM at the forefront of developing processors that function as the ‘brain’ of the robot, allowing it to process sensor data, reason, plan, and execute actions quickly.” Bank of America initiates Quantinuum as buy Bank of America said the hardware/software quantum solutions vendors is a “performance leader.” “We initiate coverage of Quantinuum (QNT) with a Buy rating and $100 PO.” TD Cowen upgrades Delek US Holdings to buy from hold TD Cowen said in its upgrade of Delek that refiner has plenty of upside. “We see benefits from torque to strong refining dynamics and reduction in interest expense and see upside from further improvements under its business improvement program.” TD Cowen initiates Vertex as buy TD Cowen said buy the dip in the software vendor. ” VERX is a leading global indirect tax & e-invoicing software vendor.” TD Cowen reiterates Tesla as buy TD Cowen said it’s sticking with the stock ahead of its delivery numbers report. “Our Tesla Q2 vehicle delivery estimate of 418k units remains above the 406k consensus. While the final days/weeks of the month can materially sway the outcome (June can be ~48% of Q2), recent data and our predictive model suggest upside potential towards a mid-400k delivery outcome.” UBS upgrades Cytokinetics to buy from neutral UBS said it sees earnings upside for the biopharma company. “Net, we believe upcoming CYTK earnings updates should drive stock outperformance, as well as support long-term value creation.” Wolfe initiates FrontView REIT as outperform Wolfe said it sees earnings growth for the REIT company. “We initiate coverage on FVR with an Outperform rating and $23 Price Target.” Melius initiates Seagate and Western Digital as buy Melius said investors should buy the dip. “We are initiating coverage of Seagate (STX) and Western Digital ( WDC) with Buy ratings and 2-year price targets of $1,600 and $1,050, respectively, both representing ~55% upside to current price.” BMO upgrades Casey’s General Stores to outperform from market perform BMO said shareholders should buy the weakness. “We hosted the CASY’s management team and IR for investor meetings following the company’s 6/24 NYC Investor Day. We are upgrading CASY shares to Outperform, maintaining our $950 TP.” Bank of America initiates Warby Parker as buy The firm said the eye company is a disruptor. “We initiate coverage of Warby Parker with a Buy rating and $33 PO (~13% upside).” Seaport upgrades Warner Bros Discovery to buy from neutral Seaport said deal risks with Paramount appear lower now. “As the risks to deal closure appear to be waning somewhat, we are upgrading our opinion on WBD shares for a tactical buying opportunity ahead of its $31/sh cash acquisition by Paramount Skydance, +16% upside from here on the headline deal value.” Needham initiate Solaris Energy Infrastructure as buy Needham said the nat gas power to data center company has plenty more room to run. “We initiate SEI at Buy with a $97 target.”
