Midday movers: Tesla, Coinbase rise; Uber falls

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Coinbase Global Inc. (COIN) PT Raised to $110 at BofA Securities

April 10, 2024 10:22 AM EDT

BofA Securities analyst Jason Kupferberg raised the price target on Coinbase Global Inc. (NASDAQ: COIN) to $110.00 (from $92.00) while maintaining a Underperform rating.

The analyst comments "On Wednesday 3/27, a federal judge denied COINs motion to dismiss the SECs lawsuit alleging 13 non... More

BofA on Tesla (TSLA): 'We think that Tesla will face mounting profit pressure'

April 10, 2024 7:14 AM EDT

BofA on Tesla (NASDAQ: TSLA): 'We think that Tesla will face mounting profit pressure'.

The analyst comments "We think that Tesla will face mounting profit pressure from a weaker demand environment. Unless TSLA taps into new geographical markets, we see it hard... More

Boeing (BA) PT Lowered to $180 at Morgan Stanley

April 10, 2024 6:14 AM EDT

Morgan Stanley analyst Kristine Liwag lowered the price target on Boeing (NYSE: BA) to $180.00 (from $235.00) while maintaining a Equalweight rating.

The analyst comments "Following recent events and incremental data points, we revisit our model assumptions and update our Base Case, Bull... More

Tesla (TSLA) PT Lowered to $205 at Piper Sandler

April 10, 2024 4:42 AM EDT

Piper Sandler analyst Alexander Potter lowered the price target on Tesla (NASDAQ: TSLA) to $205.00 (from $225.00) while maintaining a Overweight rating.

The analyst comments "We're writing this report for two reasons. First, we're cutting our estimates and DCF based price target, to reflect... More

Tesla (TSLA) PT Lowered to $165 at Jefferies

April 10, 2024 4:41 AM EDT

Jefferies analyst Philippe Houchois lowered the price target on Tesla (NASDAQ: TSLA) to $165.00 (from $185.00) while maintaining a Hold rating.

The analyst comments "More drama into Q1 results, with recurring questions about product priorities and leadership. We reduce FY EBIT/EPS c.30% to... More

After TSM, this chipmaker is the favorite to 'a significant grant' - Citi

April 9, 2024 4:00 PM EDT

Analysts at Citi highlighted one chipmaker they expect to receive a "significant grant" after the U.S. government announced a grant to Taiwan Semi (NYSE: TSM) on Monday.

The U.S. Department of Commerce announced that TSMC will receive up to $6.6 billion in... More

Morgan Stanley on TSMC (2330:TT) (TSM): 'Investors' feedback on further US fab expansion'

April 9, 2024 7:16 AM EDT

Morgan Stanley analyst Charlie Chan reiterated an Overweight rating and NT$860.00 price target on Taiwan Semiconductor Manufacturing Co. Ltd. (2330:TT) (NYSE: TSM).

The analyst comments "Our thoughts: Further diversification of overseas fabs should mitigate investors' geopolitical concerns, as we pointed out in... More

Canaccord Ask Tesla (TSLA) Full Self-Driving: 'we see additional price cuts as necessary for a material change in FSD penetration'

April 9, 2024 6:48 AM EDT

Canaccord Genuity analyst George Gianarikas reiterated a Buy rating and $234.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "How much would you pay for Tesla FSD? The rate of Tesla FSD penetration is critical to the company's margin trajectory, but FSD... More

Boeing (BA) stock target cut at Bernstein on slashed FCF estimates

April 8, 2024 12:10 PM EDT

Bernstein analysts cut their price target for Boeing (NYSE: BA) shares to $240 from $272 in a note Monday, maintaining an Outperform rating on the stock.

Since the January 5th MAX-9 accident with Alaska flight 1282, Bernstein said it sees Boeing's stock as "essentially in a... More

Can the rally in Coinbase (COIN) stock continue? Barclays weighs in

April 8, 2024 11:00 AM EDT

Coinbase (NASDAQ: COIN) shares are up more than 39% this year, and analysts at Barclays believe there could be a few potential near-term catalysts ahead. The bank maintained an Underweight rating on COIN, raising the price target to $179 from $146 per share.

However, in its latest note covering the stock, the bank... More

Analyst on Tesla (TSLA): The $25k EV car exists today. BYD makes it

April 8, 2024 9:00 AM EDT

Analysts at Bernstein said on Monday that the $25,000 electric vehicle exists, and Tesla (NASDAQ: TSLA) rival BYD makes it.

A report from Reuters last week claimed that Tesla had scrapped its low-cost car plans. However, shortly after, Elon Musk denied the claims, suggesting the article was a lie.

In its note, Bernstein explained that the... More