Midday movers: Goldman Sachs, Boeing, AMD and more

Tesla (TSLA) to show Cybertruck in China

Tesla (NASDAQ: TSLA) China announced plans to embark on a countrywide tour to exhibit its leading Cybertruck pickup, as revealed on WeChat, China's social media messaging platform.

The specific dates for the tour were not provided by the U.S. automaker.... More

AMD (AMD) price target lifted at TD Cowen as analyst expects solid 4Q results

The AMD (NASDAQ: AMD) price target was lifted to $185 from $130 per share at TD Cowen on Thursday, with analyst Matthew Ramsay maintaining an Outperform rating on the stock.

Ramsay told investors in a Q4 preview note that Challenges in Gaming and the... More

Morgan Stanley upgrades Hertz (HTZ) as rental company addresses EV challenges

Morgan Stanley upgraded Hertz Global (NYSE: HTZ) to an Outperform rating (From Equal-Weight) and cut their 12-month price target to $15.00 ($16.00) after the rental company announced that they would be 20k Tesla (NASDAQ: TSLA) units from its 60k... More

Barclays remains sidelined on Tesla (TSLA) as EV industry faces challenges in 2024

Barclays remains sidelined on Tesla (NASDAQ: TSLA) with an Equal-Weight rating but cut their 12-month price target on the EV stock to $250.00 (From $260.00) as analysts are predicting further price cuts, placing pressure on profit margins.

In the US, we expect price declines from the broader industry this year amid normalized supply dynamics, wrote Barclays analysts in a note.

The expected cuts may challenge Tesla as ICE remains its main rival in the... More

'Elon Musk just opened a can of worms' - Jefferies

Elon Musk just opened a can of worms. Wrote Jefferies analysts in a note.

Jefferies reiterated their Hold rating on Tesla (NASDAQ: TSLA), with a $225.00 price target, after CEO Elon Musk threatened to develop AI expertise outside Tesla unless his current 13% voting stake... More

Tesla (TSLA) shares sink in pre-market as automaker continues price cuts in Europe

Shares of Tesla (NASDAQ: TSLA) are trending down by more than 1.6% in pre-market trading Wednesday morning after the company cut prices on its Model Y electric vehicle in Germany. The cuts come after the EV maker lost their spot as the top electric vehicle seller to Volkswagen in 2023.... More

Wedbush comments on Elon Musk's AI ultimatum

Wedbush remains bullish on Tesla (NASDAQ: TSLA) with an Outperform rating and $350.00 price target after the electric vehicle giants CEO, Elon Musk commented on social media platform, X creating a stir overnight.

Musk said his post: "I am uncomfortable growing Tesla to be a leader in AI &... More

Microsoft (MSFT) Azure AI Services has $200bn revenue potential in 5 years - Goldman Sachs

Goldman Sachs analyst Kash Rangan said in a note Tuesday that Microsoft's (NASDAQ: MSFT) Azure AI Services will likely be the main generative AI driver in the near term, with a $200 billion revenue potential in five years.

Rangan, who has a Buy rating and a $450 price target on the... More

Apple offering rare discounts in China to counter Huawei but analyst remains optimistic

Apple (NASDAQ: AAPL) is offering discounts in China, representing a significant and rare move from the tech giant as it aims to counter rising competition in the market.

According to reports, the discounts will also apply to its latest iPhones, with Apple implementing a promotion in China from Thursday to Sunday, which is said to be cutting the price of iPhones by the... More

Tesla (TSLA) down following Elon Musk's AI ownership comments

Tesla (NASDAQ: TSLA) CEO Elon Musk revealed on social media platform X (formerly Twitter) that the multi-billionaire is uncomfortable with the idea of expanding the automaker's role in artificial intelligence and robotics without first securing a minimum of 25% of voting control of the... More