Analysts Weigh in on Tech Giants with New Notes
Analysts from various firms have released their latest notes on several major technology and consumer stocks. Morgan Stanley has reiterated its 'overweight' rating for Nvidia, citing significant annuity potential from neo-cloud revenue sharing and AI model adoption. The firm also maintains an 'overweight' rating for SpaceX, highlighting the importance of proving sustained adoption at the AI model frontier.
Wells Fargo has raised Dell Technologies' price target to $545 from $505, expecting server-driven upside in fiscal second-quarter 2027 results. New Street has upgraded Micron Technology to 'buy' from 'hold', citing compelling shares despite margin normalization fears. Morgan Stanley also reiterates its 'overweight' rating for JPMorgan, arguing that the bank's investment capacity supports long-term growth.
However, not all notes are positive. Wolfe has downgraded T-Mobile to 'peer perform' from 'outperform', pointing to downside risk to long-term revenue growth due to expanding competition in the company's core market. JPMorgan has also downgraded Cinemark to 'neutral' from 'overweight', suggesting that much of the earlier investment case has already played out at current share levels.