(This is CNBC Pro’s live coverage of Monday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A major media stock and an aerospace giant were in focus during Monday’s analyst chatter. Disney was upgraded to overweight by Barclays, noting shares have room to run from here. Goldman Sachs, meanwhile trimmed its price target on Boeing, citing several risks amid the company’s ongoing safety issues. Check out the latest calls and chatter below. All times ET. 5:51 a.m.: JPMorgan initiates coverage of Super Micro, citing its AI compute market dominance As the AI compute industry grows, so should Super Micro Computer , according to JPMorgan’s Samik Chatterjee. The analyst initiated coverage of the stock with an overweight rating and year-end price target of $1,150, which implies shares could jump 18.2%. “Super Micro is the leading company in the AI compute market, which is burgeoning with demand stemming from training AI models, Retrieval-Augmented Generation by Tier 2 CSPs and Enterprises, and eventually AI inferencing workloads,” Chatterjee wrote in a Monday note. “We expect the leadership to continue, led by a balance of custom built solutions and fast time to market, although potential upside is more likely from rapid expansion in the AI Server market rather than expansion of the already premium valuation multiple,” he added, saying the “compute revolution” is still in its early stages of demand and investments. The AI server market should expand from $41 billion in 2023 to $283 billion in 2028, he said. Shares of Super Micro — which makes servers, storage systems and other solutions related to data centers and cloud computing — have already soared 242.2% this year, fueled by the AI craze. — Pia Singh 5:37 a.m.: Barclays upgrades Disney to overweight, says shares could pop more than 16% Disney shares still have room to run even after significantly outperforming the broader market this year, according to Barclays. Analyst Kannan Venkateshwar upgraded shares of the media giant to overweight from equal weight and also raised his price target by $40. His new $135 price target implies 16.5% potential upside over the next year. “The recent narrative reset is likely to be followed by positive estimate revisions, which is still early in the cycle and should further support valuation,” Venkateshwar wrote in a note. “While this phase of earnings stabilization has been largely driven by tactical tailwinds from the strike last year, accounting benefits from Hulu consolidation and cost cuts, we do believe the next phase may be more impactful as a number of turnaround elements still remain work in progress and may manifest more in numbers starting next year.” As part of its bull case, the analyst expects Disney’s streaming business to potentially break even a quarter or two earlier than the company’s guidance of the fourth quarter of this year, driven partly by cost cuts and price increases. The stock has gained more than 28% this year, helped by Disney’s better-than-expected free cash flow and earnings per share guidance for the 2024 fiscal year given during its last quarterly earnings call. Shares rose 1.5% in premarket trading Monday. — Pia Singh 5:37 a.m.: Goldman Sachs trims Boeing price target Goldman Sachs lowered its price target on Boeing to $257 from $268 amid the airplane maker’s ongoing issues safety issues. “We now assume Boeing delivers 377 737 MAX units in 2024, with relatively light deliveries through the entire first half,” analyst Noah Poponak wrote. “We assume the delivery rate approaches 38/month in 3Q24, and then is in the 40s in 4Q24.” Boeing is the second-worst performing S & P 500 stock this year, down nearly 28%. The performance comes after a section of a plane blew off midair during an Alaska Airlines flight. Poponak reiterated his buy rating on the stock, but highlighted three risks for the company going forward: A slower pace of air traffic growth Supply chain risk “contract operating performance within the defense segment” To be sure, the new target still implies upside of 36%. BA YTD mountain BA year to date — Fred Imbert
