(This is CNBC Pro’s live coverage of Monday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A major chipmaker and a shoe maker were among the stocks being talked about by analysts on Monday. Morgan Stanley hiked its price target on Nvidia to $144, implying upside of 16.5%. Meanwhile, UBS upgraded Birkenstock to buy from neutral. Check out the latest calls and chatter below. All times ET. 5:47 a.m.: Morgan Stanley hikes its Nvidia price target Nvidia should continue rising as its next generation of chips arrives, according to Morgan Stanley. Analyst Joseph Moore raised his price target for Nvidia to $144 from $116. The new forecast implies shares could rally nearly 17% from Friday’s close. Moore has an overweight rating on the stock. Nvidia has soared 149% this year. The analyst noted the artificial intelligence darling has a high bar to clear based on its valuation, but other factors mitigate this elevated multiple. NVDA YTD mountain NVDA year to date “We aren’t pounding the table at these levels given the sharp appreciation since the last earnings report, but this remains the most compelling narrative in the AI semis space, and as we transition from H100 to H200 and then Blackwell, visibility and backlog will improve materially,” he wrote. As a catalyst, Moore cited robust existing demand for Nvidia’s current microarchitecture of chips, Hopper. “Hopper builds continue to go up, as H100 starts to transition to H200 (bringing better memory bandwidth from HBM3e as well as higher memory content), and we are hearing confidence that sales of both products will remain strong,” he wrote. Meanwhile, “considerable enthusiasm” for Blackwell, Nvidia’s next-generation AI GPU, could continue to propel the company’s AI-related earnings higher, the analyst noted. — Lisa Kailai Han 5:47 a.m.: UBS upgrades Birkenstock to buy UBS sees major gains ahead for Birkenstock . The bank upgraded the shoe maker to buy from neutral. Its price target of $85, up from $52, implies upside of 56% over the next 12 months. “Our upgrade of BIRK is based on: 1) BIRK is successfully executing its [direct-to-consumer] expansion strategy better than we expected. 2) We see BIRK ramping rapidly in Asia-Pac. 3) We see [average sales prices] moving higher than previously thought, driven by a positive sales mix shift to DTC and successful intros of premium priced products in new categories.” analyst Jay Sole wrote. He also noted that his previous neutral rating on the stock was based on brand momentum worries and execution risk from new factories opening, among others factors. Birkenstock shares have climbed nearly 12% year to date. Over the past three months, the stock is up 16%. BIRK YTD mountain BIRK year to date — Fred Imbert
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