After-hours movers: Tesla disappoints, IBM shines

J.P. Morgan cuts estimates on Tesla (TSLA), 'plenty of further downside potential'

J.P. Morgan reiterated an Underweight rating on Tesla (NASDAQ: TSLA) and cut their 12-month price target on the auto stock to $130.00 (From $135.00) after the company reported weaker than expected earnings for the sixth straight quarter, and lower YoY profits for the fourth straight quarter, on Wednesday.

Tesla profit expectations have fallen, but... More

Wedbush removes Tesla (TSLA) from 'Best Ideas List'

Equity researcher Wedbush revealed Friday that their analysts have decided to remove electric vehicle maker, Tesla (NASDAQ: TSLA) from their Best Ideas List.

We are removing TSLA from the Wedbush Best Ideas List (BIL) due to our investment price discipline. Wedbush analysts wrote... More

Tesla (TSLA) recalls 199,575 EVs in the U.S.

Electric automaker, Tesla (NASDAQ: TSLA) is recalling nearly 200,000 electric vehicles due to a software glitch that may impede drivers' visibility while driving in reverse, the National Highway Traffic Safety Administration (NHTSA) said on Friday.

The recall covers certain 2023 Y, S and X model vehicles in the U.S., all equipped with "Full Self-Driving" computer 4.0 and run software... More

Tesla (TSLA) facing 'very limited growth', will require 'major price cuts' in 2024

Deutsche Bank (DB) reiterated a Buy rating on Tesla (NASDAQ: TSLA) but cut their 12-month price target on the electric automaker over heightened concerns around 2024.

Teslas very limited outlook commentary last night, in our view confirmed our caution around 2024, in which the company will likely see very limited volume growth and pressure on earnings. Wrote DB... More

Tesla (TSLA) slumps 10% following Musk sales warning

Shares of electric automaker, Tesla (NASDAQ: TSLA) fell more than 10% on Thursday following CEO Elon Musk's caution about a slowdown in sales growth this year.

This comes despite previous price cuts that have impacted profit margins and raised concerns among investors in the... More

Musk warns Chinese EV brands will 'demolish' global rivals without trade barriers

Tesla's CEO Elon Musk issued a warning on Wednesday, suggesting that Chinese automakers would destroy global competitors if trade barriers are eliminated.

Musks assertion underscores the mounting pressure faced by Tesla, the leading player in the U.S. electric vehicle market, from formidable competitors like BYD, a company backed by Warren Buffett, which clinched the title of the world's top-selling EV company last quarter.

Despite Tesla's aggressive price cuts extending... More

ServiceNow (NOW) PT Raised to $820 at Stifel

Stifel analyst Brad Reback raised the price target on ServiceNow (NYSE: NOW) to $820.00 (from $740.00) while maintaining a Buy rating.

The analyst comments "Consistent with our preview, ServiceNow posted strong 4Q results as cRPO (23% Y/Y-CC, 200bps ahead), driven by strong large deal... More

ServiceNow (NOW) PT Raised to $910 at Goldman Sachs, 'Solid Subscription Revenue Outlook Leaves Room for Upside'

Goldman Sachs analyst Kash Rangan raised the price target on ServiceNow (NYSE: NOW) to $910.00 (from $800.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating and raise our Price Target to $910 following ServiceNows strong F4Q print, while also taking stock in the above-Consensus F24 guide on OPM (+29% vs. Consensus +28%) and Subscription revenue ($10.57bn, +1% vs. Consensus) with implied net new... More

Lam Research (LRCX) PT Raised to $912 at Goldman Sachs, 'Potential for Material Outperformance in CY2024'

Goldman Sachs analyst Toshiya Hari raised the price target on Lam Research (NASDAQ: LRCX) to $912.00 (from $700.00) while maintaining a Buy rating.

The analyst comments "Lam Research executed well in the quarter as FY2Q (Dec) revenue, operating margin, and EPS all exceeded Street... More