5 big analyst AI moves: ’Uniquely catalyst-rich’ months ahead for SpaceX

Analyst moves in the AI sector have been noteworthy this week, with Loop Capital downgrading Apple to Hold and cutting its price target. The downgrade comes after Apple announced no plans to recover its 13 million iPhone shipments cut in the second half of 2026. Loop also lowered its December-quarter iPhone unit forecast and ASP estimate, leading to a revised revenue and EPS for 2027.

Meanwhile, JPMorgan upgraded Intel to Neutral, citing improved execution and a more balanced risk/reward ratio as the stock nears its $85 price target. Intel's server x86 CPU revenue share has declined, but the company is making progress in yields and new customer engagements. Citi opened a positive Catalyst Watch on SpaceX, noting the coming months will be uniquely catalyst-rich due to the company's AI segment growth and expanding space and connectivity businesses.

Musk hinted at a potential merger with Tesla and projected an annual recurring revenue between $500 billion and $1 trillion by the end of 2027. Mizuho reiterated an Outperform rating on Lam Research, recommending buying the stock after a significant pullback, as wafer fab equipment spending is expected to grow more than 29% in 2027.