Street Calls of the Week

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Apple

What happened? On Monday, Loop Capital upgraded Apple Inc (NASDAQ:AAPL) to Buy with a $315 price target.

*TLDR: Apple Buy upgrade, $315 target, iPhone surge.

What’s the full story? Loop Capital supply‑chain analyst John Donovan flags a surge in iPhone 17 demand that puts the stock at the front edge of a long‑awaited adoption wave, one that should keep shipments climbing through CY 2027. The upcoming iPhone 20 Anniversary edition—yes, there is no iPhone 19—adds a fresh design catalyst to the usual refresh cycle.

That $315 target reflects a 32× multiple on the projected CY 2027 EPS of $9.65, the number investors will be eyeing a year from now. Loop sees the combination of supply‑chain momentum and design‑driven demand as a compelling upside story for Apple.

NuScale Power

What happened? On Tuesday, Cantor launched coverage on Nuscale Power Corp (NYSE:SMR) at Overweight with a $55 price target.

*TLDR: SMR promises multi‑hundred‑billion market, capex‑light. Cantor bullish.

What’s the full story? Cantor cracks open NuScale with an Overweight call and a $55 12‑month target, betting the NRC‑approved SMR is the linchpin of the coming multi‑trillion‑dollar energy shift. The firm points to a clear head start: a design that miniaturizes light‑water reactors, a ~78‑module pipeline, and a newly secured multi‑gigawatt production line. Fluor’s October 9 sale of 15 million Class A shares wipes out the near‑term overhang, while its lingering 111 million Class B units keep it at roughly 39 % of NuScale—still a heavyweight partner in the venture.

The firm sees a massive, multi‑hundred‑billion‑dollar addressable market: a 12‑module, ~1 GW plant that can replace retiring coal capacity (about 150 GW by 2035) and power hyperscale data centers with stacked 77 MW modules. NuScale’s licensing model keeps the growth engine capex‑light, as most project spend lands on the customer’s balance sheet, not the firm’s.

In short, Cantor thinks the nuclear underdog is poised to rewrite the baseload playbook.

Dell Technologies

What happened? On Wednesday, Piper Sandler initiated on Dell Technologies Inc (NYSE:DELL) at Overweight with a $172 price target.

*TLDR: Dell poised to gain from refresh cycle.

What’s the full story? Piper initiates Dell coverage with an Overweight rating and a $172 price target, anchored at 9.5× EV/EBITDA for CY 2027. The brokerage sees Dell positioned to cash in on three converging tailwinds: a massive enterprise datacenter refresh that peaks in 2026, AI‑driven infrastructure buildouts, and the Windows 10 end‑of‑life deadline that forces roughly half of existing PCs to be replaced or left vulnerable.

Story Continues

At the same time, The brokerage flags secular headwinds: enterprises keep shifting workloads to the cloud, and a refresh cycle can be a double‑edged sword, potentially eroding Dell’s market share—already slipping to Apple and other PC makers.

Still, Piper believes the near‑term upside from the refresh outweighs the share‑loss risk, offering a solid entry point and a strong 12‑month upside narrative.

Enphase Energy

What happened? On Thursday, Mizuho downgraded Enphase Energy Inc (NASDAQ:ENPH) to Neutral with a $37 price target.

*TLDR: Enphase faces softening solar demand ahead.

What’s the full story? Mizuho downgrades Enphase to Neutral and trims the price target by 26 % to $37. The analysts point to a confluence of pressures: residential solar demand softens in 2026, lease‑switching erodes market share, and the new lease‑plus‑loan financing model for lagging installers remains unproven. Meanwhile, cost reductions from the IQ9 technology rollout are confined mainly to the commercial segment, limiting upside.

The analysts note a modest cushion from safe‑harbor demand, which should add roughly $1 per share to Enphase’s net‑present‑value. They estimate more than $200 million in safe‑harbor orders slated for mid‑2026, with projects slated for completion in 2029‑30. Expecting a Q3 earnings beat on those sales,

Mizuho also warns of a Q4 guidance miss as channel inventory slows ahead of the upcoming tax‑credit step‑down.

Amazon.com

What happened? On Friday, Keybanc resumed coverage on Amazon.com Inc (NASDAQ:AMZN) at Overweight with a 300 price target.

*TLDR: Keybanc rates Amazon Overweight, $300 target. Amazon ad engine fuels growth ahead.

What’s the full story? The valuation comes on a roughly 31.5× 2027E P/E multiple. The team sees advertising pumping life into retail, with grocery poised to become a material revenue stream in the medium term. At the same time, investors have overreacted to the Cloud business; Keybanc expects growth to pick up through 2026 as the market finally acknowledges Amazon’s untapped infrastructure moat. Trading at a historic discount of 22.9× 2027E P/E, the stock looks like a bargain‑hunter’s dream.

The analyst argues Amazon’s marketplace is a goldmine for ads on three fronts. First, seller density: 62 % of worldwide paid units flow through third‑party sellers, translating to over $600 billion in 3P GMV by 2025 and expanding the pool of ad buyers. Second, first‑party signal: a logged‑in, high‑intent user base delivers premium search data that advertisers covet. Third, sheer scale: the platform’s breadth sharpens ad relevance, letting brands fine‑tune both organic and paid volumes.

Succinct summation: under‑appreciated Cloud upside, a cheap valuation, and a uniquely powerful ad engine make Amazon a clear‑cut buy for Keybanc.

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