(This is CNBC Pro’s live coverage of Monday’s analyst calls and Wall Street talk. Please refresh every 20-30 minutes to see the latest posts.) A strong call to Apple and more Optimism in Nvidia was among the biggest calls to hit Wall Street on Monday. . Loop Capital upgraded Apple to buy from hold and TD Cowen raised its price target on Nvidia to $165 per share. Morgan Stanley also named Nvidia a top pick. Check out the latest calls and chats below. All ET times. 7:37 a.m.: Taiwan Semiconductor’s rally still has plenty of room to grind, according to Needham. Analyst Charles Shi reiterated a buy rating and raised his price target on Taiwan Semiconductor, which is already up 80% year-to-date. Shi said in a note to clients that the company is likely to beat expectations and raise guidance in its next earnings report. “We expect TSMC to raise its 2024 revenue growth outlook from ‘low to mid-20s’ to ‘mid-to-high 20s,’ but maintain its 2024 CapEx target to $30 billion in the upcoming earnings call. … Capital efficiency has been a key focus for TSMC and all indications are that capital discipline will continue through 2025,” Shi said in the note price on Taiwan Semi to $210 per share.The new target is 12% above where the stock closed on Friday.One reason for the possible improvement is that capital discipline could lead to more free cash flow and dividend hike, note says -Jesse Pound 07:27: Susquehanna downgrades Caesars Entertainment underinvestment Caesars Entertainment’s lack of investment is now too clear to ignore, according to Susquehanna Financial Group analyst Joseph Stauff says Caesars has “over-delivered” its properties over the past three years,” which has made its assets now look increasingly inferior to rivals MGM and Penn Entertainment. The analyst cut the gaming stock to negative from neutral and cut his price target to $33 per share from $44. Stauff’s forecast implies a nearly 18% decline from Friday’s close of $40 a share. “We consider CZR’s portfolio to be significantly disadvantaged against MGM given its lower customer base and lower quality assets, particularly given investor concerns about weakness in downstream customer demand ,’ Stauff said. Caesar’s shares are down nearly 15% in 2024. — Brian Evans 6:43:am: Evercore ISI launches Datadog to outperform Monitoring and analytics software firm Datadog may be poised for a breakout in the half second of the year, according to Evercore ISI. “After treading water for two years, we believe that DDOG has matured to a point (and increased in its valuation) so that it can become a more stable component over the next 12-24 months,” the analyst said. Kirk Materne. The analyst initiated coverage of Datadog on Monday with an outperform rating, along with a price target of $150 per share. Materne’s forecast implies more than 17% upside from Friday’s close of $127.80. “As we take a view from 2H and beyond, we believe the risk/reward is tilted to the upside based on the potential for upside valuations, continued expansion of DDOG’s TAM [total addressable market]and optionality around new AI offerings,” Materne said. Datadog shares are up 5.2% in 2024. — Brian Evans 6:25 am: Citi downgrades Bank of New York Mellon Citi thinks Bank of New York’s current rating York Mellon Accurately Reflects Company Valuation Recent second-quarter earnings have been subdued, making it difficult for the stock to find further upside.[Management] has made great strides towards their medium-term targets, and we see the stock as fairly valued at 2.5x TBV [tangible book value]” wrote analyst Keith Horowitz on Monday. The analyst downgraded the bank’s stock to neutral from buy but stuck to his price target of $65 per share. Citi’s forecast implies less than a 1% upside from Friday’s close of $64.69 Bank of New York Mellon shares have advanced more than 24% in 2024. — Brian Evans 6:01 am: Loop Capital upgrades Apple, predicts iPhone maker to become AI ‘base camp’ Apple’s upcoming AI suite and subsequent integration into future iPhones could help the stock rise more than 30%, according to Loop Capital analyst John Donovan, who says Apple’s current opportunity is “an opportunity in the next few years to solidify as the “base camp” of the consumer AI generation, just as it did for social media 15 years ago. with the iPhone) and digital content consumption 20 years ago (with the iPod).” Donovan upgraded the iPhone maker to buy from hold on Monday and raised his price target to $300 a share from $180. Apple closed at 230 $.54 per share on Friday and is up about 20% in 2024. “While we see all things ‘Gen AI’ related as the primary driver, other contributing dynamics include the potential for a demand-driven refresh cycle reinforced for Covid and a ‘new iPhone platform’ in 2025 with the iPhone 17,” said Donovan. — Brian Evans 05:45 AM: TD Cowen raises Nvidia price target, predicts ‘steady’ demand for Blackwell TD Cowen expects demand for Nvidia’s AI systems Blackwell and Hopper to remain strong and boost share price . “One thing remains the same, the fundamental strength at NVIDIA,” said analyst Matthew Ramsay. “In fact, our checks continue to be high in the data center as demand for Hopper/Blackwell-based AI systems continues to outstrip supply.” The analyst raised his price target on the artificial intelligence darling to $165 a share from $140 and reiterated his buy rating. The firm’s forecast calls for about 28% upside from Friday’s close of $129.24. Nvidia is up 161% to 2024. “Overall we see a product roadmap that shows a relentless pace of innovation across all aspects of the AI compute stack,” the analyst added. Ramsay also called for the company to beat Wall Street estimates for the second quarter on Aug. 15 and for Nvidia to raise its outlook thanks to strong data center demand. – Brian Evans
Apple improved on AI push, Nvidia price target raised