Wall Street firms issued a concentrated round of rating updates on Sept. 1, with Nvidia, Microsoft, Apple, SpaceX, Cisco, Airbnb and Uber receiving positive assessments. Baird reaffirmed an Outperform rating on Nvidia, citing its leading market share and continued growth in inference as reasons it remains one of its preferred large-cap names. Bank of America reaffirmed Microsoft at Buy and lifted its price target from $500 to $600, saying faster Azure growth offered further support for the company’s AI strategy. JPMorgan reaffirmed Apple at Overweight, arguing that the company could benefit from a larger share of the premium device market even as global smartphone shipments are expected to decline in 2026. Bernstein reaffirmed SpaceX at Outperform and pointed to new launch facilities at Starbase in Louisiana as infrastructure for future Starship launches and orbital data center construction. Deutsche Bank initiated coverage of Cisco at Buy, while Rosenblatt initiated Uber and Airbnb at Buy, with price targets of $100 and $220. Other changes included upgrades for Tempus AI, Duolingo, Timken and Park Hotels & Resorts, and a downgrade of Interactive Brokers to Neutral.
BlockBeats reported on Sept. 1 that several Wall Street firms released a concentrated round of rating updates. Nvidia, Microsoft, Apple, SpaceX, Cisco, Airbnb and Uber were among the companies to receive positive assessments.
Nvidia, Microsoft and Apple
Baird reaffirmed an Outperform rating on Nvidia. The firm said Nvidia’s leading market share and continued growth in inference make it one of its preferred large-cap names.
Bank of America reaffirmed Microsoft at Buy and raised its price target from $500 to $600. The bank said accelerating Azure growth provided further support for Microsoft’s artificial intelligence strategy.
JPMorgan reaffirmed Apple at Overweight. The firm said Apple could benefit from a higher share of the premium device market, even though global smartphone shipments are expected to decline in 2026.
SpaceX and new coverage
Bernstein reaffirmed SpaceX at Outperform. It said new launch facilities at Starbase in Louisiana would provide important infrastructure for future Starship launches and the construction of orbital data centers.
Deutsche Bank initiated coverage of Cisco with a Buy rating. Rosenblatt initiated coverage of Uber and Airbnb with Buy ratings and assigned price targets of $100 and $220, respectively. KeyBanc initiated coverage of eToro with an Overweight rating.
Piper Sandler upgraded Tempus AI to Overweight and raised its price target from $56 to $76. Evercore ISI upgraded Duolingo to Outperform.
Other rating changes
UBS downgraded Interactive Brokers from Buy to Neutral. Bank of America upgraded Timken to Buy. Citigroup placed Howmet Aerospace under a positive catalyst watch. BMO upgraded Park Hotels & Resorts to Outperform.
Source: BlockBeats
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