Upstart, Qualcomm, Nio, Nebius, CoreWeave Trending With Analysts

Analysts are intrested in these 5 stocks: ( (UPST) ), ( (QCOM) ), ( (NIO) ), ( (NBIS) ) and ( (CRWV) ). Here is a breakdown of their recent ratings and the rationale behind them.

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Upstart Holdings is suddenly back on analysts’ radar as Vincent Caintic upgrades the stock to Buy with a $43 target. He argues that Upstart’s push for a national bank charter is a game changer, potentially cutting funding costs, expanding its customer base, and sharply reducing liquidity risk that has weighed on the share price.

Caintic estimates that simply trimming transaction volume costs by 100 basis points could lift annual EPS by about 60%, based on projected 2026 volumes of $19 billion. Even without fully baking in those savings, he sees the market ignoring both the charter upside and the downside protection from deposit funding, calling UPST cheap relative to his already above-consensus long‑term earnings and revenue forecasts.

Qualcomm, by contrast, finds itself on the wrong side of analyst sentiment as Jay Goldberg at Seaport Research Partners cuts the stock to Sell and sets a $100 price target. His call, titled “The Incredible Shrinking TAM,” warns that a memory crunch and shrinking addressable market will hit Qualcomm’s customers hardest and could erode the company’s market share this year.

Goldberg suggests that even as demand becomes more constrained, Qualcomm is not positioned to capture enough of what remains, implying a tougher competitive landscape ahead. For investors, the downgrade signals concern that current valuations may not fully reflect the pressure from weaker end‑markets and the risk of losing ground to rivals.

Nio is moving in the opposite direction, winning a fresh Buy rating from Raphael Wut Hei at DBS with a new U.S. price target of $7.70. The call follows a strong 4Q25 in which revenue grew 76% year on year, gross margin expanded to 17.5%, and the company delivered its first quarterly operating profit on the back of hit models ES8 and ONVO L90.

Management’s guidance for 1Q26 points to robust revenue growth and healthier vehicle margins, supported by a richer product mix even as battery and memory costs rise. DBS highlights aggressive cost control, easing cash‑flow worries, and upcoming launches such as ES9 and ONVO L80 as catalysts for a potential re‑rating, with current EV/sales multiples still below Nio’s historical average.

Nebius Group is stepping onto the public stage with a bullish debut from Citi’s Tyler Radke, who initiates coverage at Buy/High Risk and a $169 target. He sees Nebius as an emerging AI hyperscaler positioned to outgrow a booming AI data‑center market, leveraging capital‑efficient expansion and deep infrastructure roots from its Yandex heritage.

Radke expects Nebius to scale active power capacity to about 5GW by 2030, growing much faster than the broader AI workload market while improving margins above Street expectations. Early access to NVIDIA hardware, flexible contracts, enterprise‑grade software tools, and a valuable 25% stake in ClickHouse all feed into his thesis of rising profitability and a still under‑appreciated strategic asset base.

CoreWeave, however, faces a more skeptical reception as Bernstein’s Madison Rezaei initiates coverage with an Underperform rating and a $56 price target. She acknowledges the company’s rapid rise from $229 million of revenue in 2023 to a projected $5.1 billion in 2025, fueled by hyperscalers’ rush for GPU‑rich cloud capacity and high‑profile contracts.

Rezaei’s concern is what happens when that tight capacity eases and hyperscalers’ own 23GW build‑out comes online by 2028, potentially reducing their reliance on neocloud partners like CoreWeave. With heavy debt, negative free cash flow through much of the forecast horizon, and intense competition ahead, she argues the market is pricing in a backlog far above her estimates, leaving the stock vulnerable if growth or margins disappoint.