Nvidia price target raised by UBS and Melius, Apple gets lift

Yahoo Finance senior reporter Brooke DiPalma keeps track of several Wall Street analyst calls on top trending stocks, including calls around shares of Nvidia (NVDA) after it became the first company in history to reach a market cap of $5 trillion, Apple (AAPL) ahead of the iPhone maker's fiscal fourth quarter earnings release on Thursday, and Victoria's Secret (VSCO).

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Video Transcript

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Let's turn now to some of today's top analyst calls on Wall Street. We're watching shares of Nvidia, Apple, and Victoria's Secret.

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First up, Nvidia, both UBS and Meus raised their price target on the stock after the company indicated that it was seeing orders for Blackwell and early Rubin chips that were above $500 billion through the end of next year.

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The UBS analyst said the new commentary suggests street estimates are too low by a significant margin. The average price target is now at 225,

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and UBS's price target is now 235 while Meus calls 300. That company cost a $5 trillion valuation this morning.

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Next up, Apple, Bank of America raised its price target on the stock to $320.

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That's now the highest price target on the street. The average price target is around $253.

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In a note to clients, the analyst laid out a five-year outlook for Apple's revenue, operating margin, earnings growth. The analyst wrote that it considered new products and services that could be introduced over the next five years, plus the impact of artificial intelligence on Apple's revenue,

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those new product offerings and how it could be disruptive in other ways.

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And last up, Victoria's Secret, UBS upgraded its rating on the stock to buy from neutral, citing three key reasons. Increased conviction on management's ability to reposition

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the Victoria's Secret brand and the Pink brand, as well as meaningful upside to the street's forecast, and lastly, a powerful earnings per share growth algorithm.

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That stock though still down about 10% year to date.

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Keep it right here on Yahoo Finance. We'll be tracking all the market moves and top calls throughout the session.

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