Analysts’ Tuesday Calls: Apple, SpaceX, Nvidia, Palantir, Marvell and Bloom Energy

According to CNBC, analysts made several rating changes and reiterated recommendations on Tuesday. Bank of America maintained its buy rating on Apple, while Deutsche Bank reiterated buy on Palantir and Bernstein maintained an outperform rating on Nvidia. Morgan Stanley reiterated overweight ratings on EchoStar and SpaceX. Bank of America downgraded Marvell to neutral from buy and cut its price target to $225 from $400, citing the potential for a prolonged stock overhang from the announced all-stock Lumentum deal and a contraction in sector multiples. Barclays upgraded Bloom Energy to overweight from equal weight, saying rising capacity, customer deposits and new supply commitments pointed to stronger-than-expected demand, despite near-term free cash flow pressure. Other calls included Morgan Stanley initiating Pony AI at overweight, Wedbush starting coverage of Nano Nuclear Energy at outperform with an $18 price target, and KeyBanc upgrading Howmet Aerospace to overweight with a $237 target. Goldman Sachs upgraded SiriusXM to buy from neutral and raised its price target to $37 from $33. BMO upgraded Marsh & McLennan and AON to outperform and cut Arthur J. Gallagher to market perform. JPMorgan initiated coverage of TRex Bio at overweight with a December 2027 price target of $20 and upgraded Cloudflare to overweight from neutral after its shares fell 20% over the past month.