Midday movers: Tesla, Nvidia fall premarket; Robinhood, Dollar General rise

Fisker (FSR) stock tumbles further after pausing production

Fisker (NYSE: FSR) stock is down again Monday, falling a further 12% after the company said it would pause production for six weeks starting the week of March 18.

The electric vehicle company also announced a new financing commitment from an existing investor, providing up to $150 million of gross proceeds.

The company said the financing is being provided by the holder of its 2025-dated convertible notes and will be organized in four... More

Tesla (TSLA) PT Lowered to $190 at Goldman Sachs, 'Lowering Tesla estimates on production and market headwinds'

Goldman Sachs analyst Mark Delaney lowered the price target on Tesla (NASDAQ: TSLA) to $190.00 (from $220.00) while maintaining a Neutral rating.

The analyst comments "We are lowering our Tesla estimates to better reflect what we believe are both production (e.g. Model 3 ramp pace, and downtime in Berlin tied to the Red Sea conflict/power loss) and market headwinds. Delivery estimates in key regions per third parties (e.g. CPCA and... More

Lennar (LEN) PT Raised to $144 at Jefferies, 'Gross margins expected to move higher'

Jefferies analyst Collin Verron raised the price target on Lennar (NYSE: LEN) to $144.00 (from $136.00) while maintaining a Hold rating.

The analyst comments "Gross margins expected to move higher in steady-state rate environment. Homes sales gross margin is expected to expand by ~70... More

Lennar (LEN) PT Raised to $177 at BTIG

BTIG analyst Carl Reichardt Jr. raised the price target on Lennar (NYSE: LEN) to $177.00 (from $170.00) while maintaining a Buy rating.

The analyst comments "LEN reported 1Q24 EPS of $2.57, which beat our $2.20 estimate and consensus of $2.21. While the quarter was strong and the guide was relatively in line, shares... More

Dollar General (DG) PT Raised to $140 at Truist Securities

Truist Securities analyst Scot Ciccarelli raised the price target on Dollar General (NYSE: DG) to $140.00 (from $125.00) while maintaining a Hold rating.

The analyst comments "While 4Qs comp gain was slightly above our/Street ests and the company projected 24 comp growth to slightly exceed... More

Dick's Sporting Goods (DKS) PT Raised to $243 at Truist Securities

Truist Securities analyst Scot Ciccarelli raised the price target on Dick's Sporting Goods (NYSE: DKS) to $243.00 (from $201.00) while maintaining a Buy rating.

The analyst comments "Dicks posted a strong 4Q beat as demand for sporting goods remains solid and its leading omni-channel offerings/premium shopping experience continue to drive... More

Dollar General (DG) PT Raised to $160 at BMO Capital

BMO Capital analyst Kelly Bania raised the price target on Dollar General (NYSE: DG) to $160.00 (from $130.00) while maintaining a Market Perform rating.

The analyst comments "DG's F4Q24 EPS beat on better comps but initial F25 EPS guidance was ~3% below consensus at the mid-point... More

Lennar (LEN) PT Raised to $175 at Wells Fargo

Wells Fargo analyst Deepa Raghavan raised the price target on Lennar (NYSE: LEN) to $175.00 (from $165.00) while maintaining a Overweight rating.

The analyst comments "GM% is again in focus, w/ FQ2 guide (22.5%) necessitating a 2H ramp (tough if rates don't... More

Dick's Sporting Goods (DKS) PT Raised to $210 at Wells Fargo, 'impressive'

Wells Fargo analyst Will Gaertner raised the price target on Dick's Sporting Goods (NYSE: DKS) to $210.00 (from $175.00) while maintaining a Equal Weight rating.

The analyst comments "DKS delivered an impressive 4Q. SSS of +2.8% topped St's 0.8% & hit high end of +LSD% buyside bar, driven by ticket... More

Dollar General (DG) PT Raised to $155 at Wells Fargo

Wells Fargo analyst Edward Kelly raised the price target on Dollar General (NYSE: DG) to $155.00 (from $125.00) while maintaining a Equal Weight rating.

The analyst comments "Remain Equal Weight: We see the logic in owning DG into improving comps, FDO store closings, operational... More

Dollar General (DG) PT Lowered to $158 at Evercore ISI

Evercore ISI analyst M. Michael Montani lowered the price target on Dollar General (NYSE: DG) to $158.00 (from $165.00) while maintaining a In Line rating.

The analyst comments "Bottom Line: DG is stabilizing share with traffic and comps a welcome positive inflection. We are... More

Telsey Upgrades Dollar General (DG) to Outperform

Telsey analyst Joseph Feldman upgraded Dollar General (NYSE: DG) from Market Perform to Outperform with a price target of $170.00 (from $155.00).

The analyst comments "Upgrading DG to Outperform from Market Perform: In our view, the return of CEO Todd Vasos has brought stability to the... More

Dollar General (DG) PT Raised to $169 at Goldman Sachs

Goldman Sachs analyst Kate McShane raised the price target on Dollar General (NYSE: DG) to $169.00 (from $147.00) while maintaining a Buy rating.

The analyst comments "DG closed down -5.1% (vs S&P -0.2%) after its 4Q beat and in-line FY24 guidance. Investors... More

Dick's Sporting Goods (DKS) PT Raised to $250 at DA Davidson

DA Davidson analyst Michael Baker raised the price target on Dick's Sporting Goods (NYSE: DKS) to $250.00 (from $183.00) while maintaining a Buy rating.

The analyst comments "We cover 14 Retailing / Broadlines & Hardlines names within our group and with 4Q earnings season now... More

Dick's Sporting Goods (DKS) PT Raised to $240 at Evercore ISI, 'A New Multi-year Growth Driver Emerges'

Evercore ISI analyst Warren Cheng raised the price target on Dick's Sporting Goods (NYSE: DKS) to $240.00 (from $200.00) while maintaining a Outperform rating.

The analyst comments "DKS first-ever revenue and profit disclosures around its new House of Sport concept (which has clearly emerged as DKS next... More

Lennar (LEN) PT Raised to $238 at Evercore ISI

Evercore ISI analyst Stephen Kim raised the price target on Lennar (NYSE: LEN) to $238.00 (from $224.00) while maintaining a Outperform rating.

The analyst comments "Lennar (LEN) reported 1Q24 (February) adjusted diluted EPS of $2.58, ahead of our $2.22 estimate and Street consensus of $2.21. All figures exclude a $5.1mm mark-to-market loss related to its investments in HIPO, SMRT, OPEN, NOVA, BLND and SOND, which decreased EPS by -$0.01. Overall, the company produced strong results and... More

Dick's Sporting Goods (DKS) PT Raised to $197 at JPMorgan

JPMorgan analyst Christopher Horvers raised the price target on Dick's Sporting Goods (NYSE: DKS) to $197.00 (from $180.00) while maintaining a Neutral rating.

The analyst comments "PMs Take: strong print, conservative guide, and ongoing momentum. DKS posted solid comp upside, 2.8% vs. Street 0.6% and essentially in line with our unchanged estimate into the print. On the EPS side, DKS beat by 16% at $3.85 and even beat our raised-into-the print/Street-high $3.62. On the guide, DKS took a page from the... More

Dick's Sporting Goods (DKS) PT Raised to $245 at Telsey

Telsey analyst Joseph Feldman raised the price target on Dick's Sporting Goods (NYSE: DKS) to $245.00 (from $195.00) while maintaining a Outperform rating.

The analyst comments "Dick's Sporting Goods delivered another impressive performance in 4Q23 that was much better than expected, and it provided solid, inline 2024 guidance. The 4Q23 comp was 2.8% and exceeded estimatesdespite facing... More

Dick's Sporting Goods (DKS) PT Raised to $226 at TD Cowen, 'We Remain Well Above Consensus Into FY25'

TD Cowen analyst John Kernan raised the price target on Dick's Sporting Goods (NYSE: DKS) to $226.00 (from $177.00) while maintaining a Outperform rating.

The analyst comments "We Remain Well Above Consensus Into FY25. FY24 SSS guidance of +1%-2% is above Consensus of... More

Dollar General (DG) PT Lowered to $172 at CFRA

CFRA analyst Arun Sundaram lowered the price target on Dollar General (NYSE: DG) to $172.00 (from $173.00) while maintaining a Buy rating.

The analyst comments "We trim our 12-month target by $1 to $172, 23.6x our FY 2025 (Jan.) EPS of $7.30 (cut from $8.44) or 20.2x our newly... More

Williams Trading Upgrades Dick's Sporting Goods (DKS) to Buy, 'It's Good to be the King'

Williams Trading analyst Sam Poser upgraded Dick's Sporting Goods (NYSE: DKS) from Hold to Buy with a price target of $235.00.

The analyst comments "Upgrading from Hold to Buy, raising estimates, and raising PT from $154 to $235. It's clear to us, and should have been prior to today, that DKS new House of Sport Stores, and the Next Gen 50K stores are setting the foundation for healthy long term growth. Further, the execution within DKS' stores is beginning to improve, and staffing levels... More

Robinhood Markets (HOOD) PT Raised to $20 at Mizuho, 'Strong February Trends Solidify Our Bullish Stance'

Mizuho analyst Dan Dolev raised the price target on Robinhood Markets (NASDAQ: HOOD) to $20.00 (from $17.00) while maintaining a Buy rating.

The analyst comments "HOOD reported February metrics last night which shined across the board. The stock is reacting positively today. AUC accelerated to... More

Buy Robinhood (HOOD) stock to play 'a monster of a crypto cycle' - Bernstein

The crypto market rally is continuing, and analysts at financial research firm Bernstein believe Robinhood (NASDAQ: HOOD) is a stock to consider to play "a monster of a crypto cycle over 2024-25."

Robinhood's stock jumped Thursday after reporting its February operating date, which saw funded customers at the end of the month rise approximately 130 thousand from January 2024.

Meanwhile, assets under custody (AUC) at the end of February were $118.7 billion, up 16% from January 2024. Net deposits were $3.6 billion in February, translating to a 42% annualized growth... More