Here are the biggest calls on Wall Street on Monday: Goldman Sachs reiterates Nvidia as buy Goldman says the stock remains extremely well positioned. “To be clear, we remain very bullish on Nvidia’s prospects for driving outsized growth in 2026, based on positive hyperscaler CapEx commentary and the prospects for non-traditional customer demand we see.” Bank of America reiterates Apple as buy The firm acknowledged that despite reports there is no official iPhone event yet scheduled on September 9 for Apple , investors should temper their expectations for the next cycle anyway. “Some media reports and tech websites are highlighting Tues Sep 9th as a potential launch date for iPhone 17 (not official yet), with pre-orders starting Friday Sep 12th, and new iPhones reaching stores on Fri Sep 19th.” Wells Fargo reiterates Netflix as overweight Wells says the stock remains a “share gainer.” ” NFLX is evolving into a larger revenue platform as it recoups monies from paid sharers and leans into advertising tiers as a share gainer.” KBW upgrades Lazard to outperform from market perform KBW said in its upgrade of Lazard that the financial services company is well positioned. “We believe the stock has the potential to re-rate higher on the back of a shifting flow narrative within the company’s asset management unit, while the recent improvements in productivity and MD [managing director] headcount growth should allow the firm to capitalize on an improving deal backdrop in both the U.S. and Europe.” Read more. Stifel reiterates Nvidia as buy Stifel raised its price target to $212 per share from $202. “We continue to believe that NVDA’s leadership positioning in AI infrastructure remains unchallenged, and we expect GB300 specifications to remain best-in-class as inference/reasoning complexity continues to increase. We continue to view shares as attractively valued within the context of continued AI leadership positioning.” Read more. Deutsche Bank reiterates Broadcom as buy Deutsche says the stock is well positioned ahead of earnings in early September. “Further, the company continues to expect an eventual cyclical turnaround in its core communications and networking businesses, albeit with that event likely in 2026. As such, we remain optimistic on the fundamental growth prospects for AVGO and maintain our Buy rating.” Needham initiates Ambiq Micro as buy Needham says the semiconductor company is well positioned for AI. “We are initiating coverage of Ambiq Micro with a Buy rating and establishing a $48 12-month PT.” JPMorgan initiates Gates as overweight JPMorgan says the power transmission company is in the midst of a positive turnaround. “In our view , Gates is in the bottom half of the fifth inning of its transition, evolving from a solid industrial supplier to a growth compounder, leveraging global secular trends in mobility and data center infrastructure. Canaccord upgrades Olaplex to buy from hold Canaccord says the hair care company is seeing a “brand reinvigoration.” “We are upgrading Olaplex from Hold to BUY. We also raise our PT from $1.50 to $2.00. Olaplex has seen a brand reinvigoration, and we believe the story is ready to shine as a highly profitable prestige beauty brand set to return to growth.” JPMorgan upgrades Fabrinet to overweight from equal weight JPMorgan says it sees a slew of positive catalysts ahead for the optical manufacturer. “We are upgrading shares of Fabrinet to Overweight (from Neutral prior), as the longer-term drivers for optical companies with leverage to multi-faceted investments, including in AI infrastructure, both inside and around the datacenter, remain robust and intact, while the recent pull-back in the shares following the earnings report offers an attractive opportunity for investors to participate in the upside.” Baird downgrades Quest Diagnostics to neutral from outperform Baird downgrades the lab diagnostic company mainly on valuation. ” DGX and LH are having (and may continue to have) great runs – up 19.5% and 21.3% YTD, respectively, compared to SPX +10.0%.” Goldman Sachs initiates Shoulder Innovations as buy Goldman says shares of the medical equipment manufacturer have more room to run. “We initiate coverage on the shares of Shoulder Innovations (SI) with a Buy rating and a 12-month price target of $20, representing 57% upside potential.” RBC initiates Argenx as outperform RBC said in its initiation of Argenx that it sees a slew of positive catalysts ahead for the biotech company. “We Are Buyers Ahead Of Very Busy 2026-27.” Raymond James downgrades American Airlines to market perform from outperform Raymond James says it sees a more balanced risk/reward. “Conversely, we are downgrading AAL from Outperform to Market Perform on more balanced risk-reward as the stock approaches our prior $14 target price.” UBS upgrades Venture Global to buy from neutral UBS says shares of the natural gas liquification company have plenty more room to run. “We upgrade VG to a Buy with a price target of $18/shr.” Barclays upgrades First Energy to overweight from equal weight Barclays said in its upgrade of First Energy that the energy company is undervalued. “We think mgmt’s plan is undervalued at an 11% P/E discount while successful execution could lead to consensus earnings revisions + multiple re-rate through 2026.” Truist upgrades Okta to buy from hold Truist upgraded the cyber identity access management stock ahead of earnings on Tuesday. “Ahead of 2FQ26 earnings on Tues 8/26 AMC, we are upgrading shares of Okta to Buy from Hold and raising our PT to $125 from $100, which is still a discount to our cybersecurity coverage” Bank of America downgrades American Eagle to underperform from neutral The firm says it sees an elongated turnaround for the lifestyle retailer. “We downgrade AEO to Underperform from Neutral; we see a longer path to a more normalized earnings profile in this environment.” Read more. William Blair initiates Diamondback Energy as outperform William Blair says it likes the energy company’s robust free-cash flow. ” Diamondback’ s best-in-class cost structure, ample tier-1 inventory, and operational efficiencies generate the upstream group’s highest free cash flow per barrel of oil equivalent (BOE) produced.
