Wall Street Lifts Apple to $360 and Oracle to $240 as Nvidia, Tesla Draw Fresh Calls
Updated
Updated · CNBC · Jun 9
Wall Street Lifts Apple to $360 and Oracle to $240 as Nvidia, Tesla Draw Fresh Calls
3 articles · Updated · CNBC · Jun 9
Summary
Morgan Stanley raised Apple’s target to $360 from $330 after WWDC, saying the event showed clearer AI use cases and earlier monetization potential even if Apple Intelligence improvements remain gradual.
Bank of America lifted Oracle’s target to $240 from $200 ahead of earnings, citing robust cloud infrastructure and database demand, while JPMorgan stayed bullish on Nvidia because its SK Hynix partnership points to multi-year demand visibility.
Tesla kept a peer-perform rating at Wolfe, but the firm said an eventual SpaceX-Tesla merger is increasingly part of investors’ core thesis for owning the stock.
Elsewhere, Goldman raised Micron’s target to $900 from $400 before earnings, TD Cowen increased Alphabet’s to $475, and several firms also upgraded or initiated names including Toll Brothers, FuelCell and West Pharmaceuticals.