Here are the biggest calls on Wall Street on Monday: Jefferies reiterates Alphabet as buy Jefferies says the risk/reward is favorable for Alphabet ahead of earnings later this week. “While we expect stable Q1 results, macro/tariffs cast a haze over Q2-Q3. Ads (~75% of revs) face headwinds, esp. brand spend and China-based sellers for performance spend, though should be somewhat resilient as advertisers favor scaled platforms. Cloud/AI should remain sticky.” Morgan Stanley reiterates Netflix as overweight The firm raised its price target on the stock to $1,200 per share from $1,150 following earnings last Thursday. “The first quarter without reporting net adds forces us, to some extent, to see the bigger picture in its results. Netflix , as measured in quarters, is a predictable business.” Baird upgrades Wolverine Worldwide to outperform from neutral Baird says the footwear company is well positioned. “Also upgrading WWW to Outperform, seeing better risk/reward. Shares are -55% from peak despite limited China-to-U.S. sourcing (China mid-teens global mix, but mostly dual sourced) and conservative embedded 2025E assumptions both for Saucony growth and consolidated gross margin.” JPMorgan initiates Dycom at overweight JPMorgan says the construction services provider is well positioned. “We are initiating coverage of Dycom Industries (DY) with an Overweight rating and a December 2025 price target of $200.” Deutsche Bank initiates Genius Sports as buy The firm says the business sports data company is well positioned in a bumpy macroeconomic environment. “We are initiating coverage of Genius Sports (GENI) with a Buy rating and an $12 price target, which represents ~19% upside from current levels. GENI is a global provider of business to business sports data and technology for the sports leagues, media, and sports betting industries.” Barclays reiterates Tesla as equal weight The investment bank cut its price target on Tesla to $275 per share from $325 ahead of earnings on Tuesday. “1. Confusing set-up on 1Q with weak fundamentals, but could see positive reaction on better narrative (more engaged Elon, [Full Self Driving] event); 2. Expecting trough gross margin driven by volume decline, production inefficiencies.” Barclays reiterates Microsoft as overweight Barclays lowered its price target on the stock but is sticking with Microsoft. “We update our model to include restated numbers post Q2 and to adjust for macro uncertainty. We lower our PT to $430 (was $475) based on 29x P/E (was 33x) and CY26E EPS of $14.74.” Bank of America reiterates Roblox as buy Bank of America says Roblox offers resilient growth in an uncertain macro environment. “We maintain our Buy Rating on Roblox (RBLX), which we expect to (1) take share of the Video Game industry by virtue of its effectively unlimited supply of developers, and (2) out-innovate the global game development industry.” Bank of America reiterates GEV Vernova as buy The bank says it’s standing by the energy company. “We expect GE Vernova to be one of the few companies in our coverage to reiterate 2025 guidance ($36-$37bn revenue, high-single digit adj. EBITDA margin).” Wolfe upgrades Spotify to outperform from peer perform Wolfe sees several positive catalysts behind the music streamer. “Since our January downgrade of SPOT, developments have renewed our optimism about gross margins via win-win label deals. Compounding subscriber, pricing, and new product growth provides a path to $22/share of FCF in ’27.” Wolfe upgrades Disney to outperform from peer perform Wolfe says the stock’s valuation is attractive. “Squint across today’s valley of recession risk & you’ll see the Disney castle intact. Durable advantages in parks, cruises, and streaming create path to $7 EPS.” Loop upgrades Norwegian Cruise to buy from hold Loop says investors should buy the dip. “We are maintaining our $25 PT and raising our rating on Norwegian Cruise Line, NCLH, from Hold to Buy given the pullback of nearly 40% in the shares YTD.” DA Davidson downgrades Salesforce to underperform from neutral DA says it’s concerned about slowing growth. ‘We believe Salesforce is neglecting its core business in an effort to pursue a premature AI opportunity, changing the nature of the company enough for us to downgrade to UNDERPERFORM from Neutral, reduce our PT to $200, and remove it from our Best-of-Breed Bison list.” Raymond James downgrades Amazon to outperform from strong buy The firm sees “limited monetization progress.” “We take a fresh look at the AMZN investment cycle (supply chain, logistics, AI, other bets) and based on an uneven macro/tariff and steepening investment intensity, walk away with a bias that the Street is underestimating EBIT pressures in 2025-26 and thus downgrade from Strong Buy to Outperform as we look for greater investment/ROI visibility.” MoffettNathanson reiterates Apple as sell The firm cut its price target to $141 per share from $184. “There are no easy answers here. Apple is inextricably tied to opposing forces at the center of the trade tensions. China is the beating heart of the global electronics supply chain. Paying a fortune in tariffs or paying a fortune in rearchitecting supply chains only to finish with much higher costs is a lose-lose choice.” Susquehanna reiterates Nvidia as positive Susquehanna says survey checks remain positive despite China export restrictions. “China accelerator export restrictions to weigh on AI hardware, though demand checks remain positive. For AI DC, Blackwell continues to ramp well and even with GB200 delays, we expect Blackwell revenue to surpass Hopper during 1Q. Despite the strong transition, newly announced China accelerator export restrictions weaken 2Q/2025 outlooks for NVIDIA and particularly AMD.” BTIG initiates Tempus AI at buy BTIG is bullish on shares of the AI medtech company. “We initiate coverage of Tempus AI with a Buy rating and $60 PT.”
