Stocks stumble in the new year, weighed by Apple and Tesla
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Tesla (TSLA) files to expand trademark to 'not for land vehicles'
January 4, 2023 1:55 PM ESTIn an exclusive report by Electrek, Tesla (NASDAQ: TSLA) has filed to extend its trademark to include electric motors "not for land vehicles," hinting that the electric vehicle... More
Tigress Reiterates Strong Buy Rating on Apple (AAPL), 'near-term production headwinds create a long-term buying opportunity'
January 4, 2023 9:33 AM ESTTigress Financial Partners analyst Ivan Feinseth reiterated a Strong Buy rating and $210.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "
We reiterate our Strong Buy rating on AAPL and maintain our 12-month target of $210 as near-term production headwinds create a long-term buying opportunity, and its massive installed user base, increasing ecosystem, and growing Services revenue will continue to drive accelerating Business Performance trends, and greater shareholder value creation. While AAPL recently reported strong Q4 results, with Q4 revenue... More
Tesla's (TSLA) 'ominous' start has investors concerned
January 4, 2023 8:09 AM ESTWedbush reiterated an Outperform rating and $175.00 price target on Tesla (NASDAQ: TSLA) after the electric vehicle giant saw a major sell-off Tuesday as a result of soft 4Q delivery numbers.
Analyst, Daniel Ives described the sell-off as an "ominous start for the company to kick off 2023 after a horrific 2022". However, the EV makers main worry for now is... More
Truist cuts revenue estimates and price target following Rivian (RIVN) production miss
January 4, 2023 7:53 AM ESTTruist Securities reiterated a Buy rating on Rivian Automotive (NASDAQ: RIVN) and cut the companys price target to $50.00 (from $65.00) following the electric vehicle makers 4Q production and delivery miss.
Rivian reported the 4Q production of 10,020 vehicles, coming in short of the streets estimated 10,892. Deliveries were... More
Evercore ISI Defending Apple (AAPL): 'Is the Great Deceleration Over? Upside Ahead in 2023', PT $190
January 3, 2023 3:56 PM ESTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $190.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "The App Store reported its first month of growth since July with revenue up 0.2%. The improvement from -4% in November is encouraging and was largely driven by China inflecting from -12% last month to flat... More
