Wall Street firms issued upgraded price targets and bullish ratings for major technology companies including Apple and Nvidia, according to a CNBC report published on December 7. Analysts at Yorkville Ives initiated coverage on both firms with “market outperform” ratings, setting price targets at $400 for Apple and $300 for Nvidia. The upgrades arrive as U.S. companies prepare to report upcoming earnings, with financial, healthcare, and raw material sectors also seeing increased buy recommendations.
Analysts raise targets for Apple, Nvidia and Micron
Yorkville Ives cited Apple’s ecosystem expansion as the primary driver behind its growth potential and $400 target. For Nvidia, the firm pointed to sustainable competitive advantages to support its $300 target. Both technology giants received “market outperform” ratings in the new analyst reports.
In the broader semiconductor sector, DA Davidson met with Micron management and maintained a “buy” rating while raising its price target drastically from $2100 to $3000. TD Cowen upgraded Marvell Technology from “hold” to “buy.” The firm noted that Marvell’s interconnect technology business is driving growth, while customer concentration and profitability concerns surrounding custom compute chips (XPUs) have eased.
Healthcare And Commodity Sector Revisions
Cantor Fitzgerald raised Humana’s price target from $300 to $460 and shifted its rating from “neutral” to “overweight” following higher earnings projections. Barclays initiated coverage on Abbott Laboratories with an “overweight” rating, citing the company’s diverse business foundation and product development strength. Citi shifted Flutter Entertainment to a “buy” rating based on strong U.S. performance for the online betting operator, while transport company XPO received a “buy” rating following a share price drop that analysts view as a market share expansion opportunity.
Frequently Asked Questions About Wall Street Upgrades
What price targets did Yorkville Ives set for Apple and Nvidia?
Yorkville Ives set a $400 price target for Apple and a $300 price target for Nvidia in its initial coverage.
Why did DA Davidson raise Micron’s price target?
DA Davidson raised Micron’s price target from $2100 to $3000 following discussions with company management.
Which financial firm received an upgrade for M&A exposure?
KBW upgraded Moelis & Company to “market outperform” anticipating benefits from an increase in M&A transactions valued under $10 billion.
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