Wall Street analysts delivered significant rating changes and price target adjustments Monday, with notable moves in technology, consumer, and energy sectors. Major calls included Nvidia and AMD receiving price target increases from Mizuho, while Apple faced maintained underperform rating from Jefferies amid tariff concerns. Goldman Sachs showed particular activity with multiple initiations and upgrades across different market segments.
Technology Sector Analyst Calls
Mizuho reiterated its outperform rating on both Advanced Micro Devices and Nvidia while raising price targets significantly. The firm increased Nvidia’s target to $225 from $205 and AMD’s target to $275 from $205, noting both companies’ strong positioning in the AI and semiconductor space. According to recent analysis, the firm sees continued strength in these semiconductor leaders while AMD’s OpenAI deal suggests additional upside potential.
Jefferies maintained its underperform rating on Apple, lowering its price target slightly to $203.07 from $205.16. The firm highlighted potential tariff impacts that could affect the tech giant’s performance. This cautious outlook comes amid broader market considerations, as industry experts note ongoing trade tensions between major economies.
Citi added a positive catalyst watch on Meta Platforms ahead of earnings, maintaining its buy rating and $915 price target. The firm indicated that industry checks suggest Meta is gaining share of ad budgets as newer products like Business AI launch. This optimistic assessment aligns with broader technology sector trends observed in additional coverage of market movements.
Consumer and Retail Upgrades
Goldman Sachs initiated coverage of StubHub with a buy rating and $46 price target, stating the ticketing company is well positioned in its market. The firm also upgraded Estee Lauder to buy from neutral, citing management’s strategic direction with its “Beauty Reimagined” vision and consumer-first approach. Data from consumer sector analysis suggests these companies could benefit from evolving market conditions.
Baird recommended buying the dip in Dutch Bros coffee chain shares, noting a 32% decline since August compared to S&P 500 gains. The firm sees a tactical buying opportunity ahead of the company’s upcoming Q3 report, suggesting the update could be better than feared. This consumer-focused optimism contrasts with some technology sector concerns highlighted in related analysis.
Energy and Industrial Upgrades
Goldman Sachs upgraded Newmont Mining to buy from neutral, citing attractive valuation and production growth potential. The firm noted the metals and mining company’s free cash flow yield and capital management improvements following recent underperformance. According to recent analysis, commodity companies may see renewed interest amid changing market conditions.
JPMorgan upgraded Argan to overweight from neutral, raising its price target to $315 and calling the clean energy company a “hidden gem.” The firm placed the stock on Positive Catalyst Watch ahead of its F3Q earnings report in early December. Industry experts note growing investor interest in renewable energy infrastructure companies.
Real Estate and Additional Initiations
Jefferies upgraded SL Green to buy from hold, highlighting the real estate investment trust’s strategic positioning in New York City’s midtown market. The firm noted SLG has effectively reinvested in its Midtown core portfolio to benefit from post-COVID office recovery trends. This assessment comes amid evolving workplace patterns that according to recent analysis continue to shape commercial real estate.
Goldman Sachs also initiated coverage on Augo Minerals with a buy rating, continuing the firm’s active Monday across multiple sectors. The broad analyst activity reflects evolving market sentiment as investors assess opportunities across different industries and market caps.
- Mizuho: NVDA PT raised to $225, AMD PT raised to $275
- Jefferies: AAPL maintained underperform, PT lowered to $203.07
- Goldman Sachs: STUB initiated buy, EL upgraded to buy, NEM upgraded to buy
- Baird: BROS recommended as dip buying opportunity
- Citi: META positive catalyst watch, $915 PT maintained
- JPMorgan: AGX upgraded to overweight, PT raised to $315
The Monday analyst calls reflect continuing focus on technology leadership, consumer resilience, and selective opportunities in energy and real estate. As market participants digest these ratings changes, additional factors including economic policy and global trade developments may influence subsequent analyst actions. Related analysis of market conditions suggests ongoing evaluation of how different sectors may perform amid current economic crosscurrents.
