Huo Xing Finance reports that on September 1, multiple Wall Street institutions released updated ratings. NVIDIA, Microsoft, Apple, SpaceX, Cisco, Airbnb, and Uber received positive evaluations. Baird reiterated its "Outperform" rating on NVIDIA, stating that the company remains one of the top large-cap picks due to its market leadership and sustained growth in inference services. Bank of America reiterated its "Buy" rating on Microsoft, raising its price target from $500 to $600, citing accelerated Azure growth as further validation of its AI strategy. JPMorgan reiterated its "Overweight" rating on Apple, noting that despite an expected decline in global smartphone shipments in 2026, Apple benefits from increased market share in premium devices. Bernstein reiterated its "Outperform" rating on SpaceX, highlighting that the new launch facility at Starbase in Louisiana will provide critical infrastructure for future Starship launches and orbital data center development. Additionally, Deutsche Bank initiated coverage on Cisco with a "Buy" rating; Rosenblatt initiated coverage on Uber and Airbnb with "Buy" ratings, setting price targets of $100 and $220 respectively; KeyBanc initiated coverage on eToro with an "Overweight" rating; Piper Sandler upgraded Tempus AI to "Overweight," raising its price target from $56 to $76; and Evercore ISI upgraded Duolingo to "Outperform." Other ratings: UBS downgraded Interactive Brokers from "Buy" to "Neutral"; Bank of America upgraded Timken to "Buy"; Citigroup initiated positive catalyst watch for Howmet Aerospace; and BMO upgraded Park Hotels & Resorts to "Outperform."
Wall Street upgrades major tech firms including NVIDIA, Microsoft, Apple, and SpaceX
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Summary
On September 1, 2026, Wall Street upgraded several major tech companies, including NVIDIA, Microsoft, Apple, and SpaceX. Baird assigned NVIDIA an 'Outperform' rating, citing growth in inference demand. Bank of America raised Microsoft’s price target to $600, highlighting the potential of AI and cryptocurrency developments. JPMorgan maintained Apple as 'Overweight.' Bernstein upgraded SpaceX due to Starbase expansion, supporting ecosystem growth. Cisco, Uber, and Airbnb also received positive ratings.
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