(That is CNBC Professional’s stay protection of Monday’s analyst calls and Wall Avenue chatter. Please refresh each 20-Half-hour to view the newest posts.) A significant streaming firm and a tech big had been among the many shares being talked about by analysts on Monday. Piper Sandler upgraded Netflix to obese from impartial. In the meantime, Jefferies lowered its score on Apple to carry from purchase. Try the newest calls and chatter under. All instances ET. 5:41 a.m.: Jefferies downgrades Apple Outsized expectations for the iPhone may damage of Apple decrease, in keeping with Jefferies. Analyst Edison Lee downgraded the inventory to carry from purchase, and his worth goal of $212.92 implies greater than 6% draw back from Friday’s shut. The analyst mentioned near-term expectations for the iPhone 16 and 17 are “too excessive,” seeing weaker-than-expected preliminary demand. Lee additionally believes that the factitious intelligence capabilities of its smartphone expertise will not be more likely to attain commercialization for an additional two to a few years. “In contrast to AI servers, smartphones lack high-speed reminiscence and superior packaging tech that permit quick knowledge switch between AP and reminiscence, thus limiting their AI capabilities,” he wrote in a word to shoppers. “To count on an accelerated smartphone substitute cycle now as a result of AI is untimely, in our view.” Apple has surged practically 18% in 2024 and greater than 33% previously six months. AAPL YTD mountain AAPL in 2024 — Sean Conlon 5:41 a.m.: Piper Sandler upgrades Netflix to obese Netflix’s excessive valuation is justified, in keeping with Piper Sandler. Analyst Matt Farrell raised his score on the inventory to obese from impartial. His worth goal of $800, up from $650, implies upside of 11.2% from Friday’s shut. “The corporate is a transparent chief in streaming. Notably, our prior Impartial stance was centered round valuation, however now, we respect the corporate is pricey for a cause,” Farrell mentioned in a word. Certainly, Netflix trades at a ahead price-to-earnings a number of of 37.6, effectively above the S & P 500’s 24. That mentioned, “transferring ahead, there are nonetheless levers to be pulled within the ads-free enterprise (notably round pricing), whereas the ads-tier has been largely de-risked heading into subsequent yr,” the analyst wrote. He added that, “in in a doubtlessly weaker macro [environment], Netflix’s subscription primarily based mannequin turns into much more engaging, notably given the upcoming content material slate.” Not everybody was as optimistic on Netflix, nonetheless. Barclays analyst Kannan Venkateshwar downgraded the streaming big to underweight from equal weight. He stored his $550 worth goal unchanged, implying draw back of greater than 23%. “As evident over the previous 2-3 years, the corporate has needed to lean extra closely on new progress drivers to maintain income progress within the double digits, and a few of these, like paid sharing, are probably pulling ahead future progress,” he wrote. “Even with these levers, progress is slowing and each lever now has corresponding trade-offs.” Netflix shares are up practically 48% yr thus far. NFLX YTD mountain NFLX yr thus far — Fred Imbert