Wall Street Calls: Piper Sandler Starts Q2 Holdings at Overweight, Bernstein Starts Shopify at Outperform

According to CNBC, Piper Sandler initiated coverage of Q2 Holdings at overweight and called the software banking solutions company a top idea, citing its core-agnostic architecture, platform breadth, improving margins, debt-free balance sheet and free cash flow conversion. Bernstein initiated Shopify at outperform, saying the company is well positioned for AI and sits at the center of eCommerce, software and payments. RBC initiated Dell at outperform with a $640 price target, citing AI infrastructure demand, while UBS initiated Korsana Biosciences at buy with a $55 price target. Rothschild & Co Redburn reiterated Nvidia at buy, saying it is bullish on the company's acquisition of Hugging Face, and JPMorgan initiated Old National Bancorp at overweight with a $32 December 2027 price target, citing best-in-class return metrics. KeyBanc initiated Linde at overweight with a $542 price target, Raymond James initiated Rocket Lab at outperform with an $80 target price, and Evercore ISI reiterated SpaceX at outperform. DA Davidson reiterated Palantir at buy and raised its price target to $250 from $200 after AIPCon11, saying the company's approach to AI sovereignty appears to be embraced by customers. JPMorgan also initiated Dianthus Therapeutics at buy with a Dec-2027 price target of $135, Mizuho initiated Chesapeake Utilities at outperform with a $150 per share target, Bank of America reiterated Oracle at buy after Thursday's earnings report, and upgraded International Paper to buy from neutral. Morgan Stanley reiterated Tesla at equal weight and raised its bull case to $840, saying autonomous trucking software remains promising.