Tesla prices, Big tech earnings, Bitcoin - what's moving markets

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Evercore ISI Believes Meta Platforms Inc. (META) is Down Due to High Expectations into the Print

April 24, 2024 4:51 PM EDT

Evercore ISI analyst Mark Mahaney reiterated an Outperform rating and $550.00 price target on Meta Platforms Inc. (NASDAQ: META).

The analyst comments "Quick Look At Q1 Results: META printed a Beat & Bracket quarter, with Revenue up 27% Y/Y (both reported basis and ex-FX), 1% above the Street, Op Income (implying 37.9% margin) 4% above the Street, and EPS at... More

Analysts preview Alphabet (GOOGL) EPS

April 24, 2024 2:30 PM EDT

Alphabet (NASDAQ: GOOGL) is set to report its latest quarterly earnings on Thursday, April 25. Ahead of the release, analysts at both Bernstein and Jefferies provided their thoughts on the stock.

Bernstein said in its note that while folks have been warming up to Google over the past month, longer-term... More

JPMorgan on Tesla (TSLA): 'See Risk of Further Negative Earnings Revisions'

April 24, 2024 9:05 AM EDT

JPMorgan analyst Ryan Brinkman reiterated an Underweight rating and $115.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "We see the risk of further negative earnings revisions and continued multiple compression after 1Q24 results tracked softer even than estimates that had recently been... More

Roth/MKM Reiterates $85 PT on Tesla (TSLA), Issues Negative/Cautious Comments on 'Stretched' Valuation

April 24, 2024 6:38 AM EDT

Roth/MKM analyst Craig Irwin reiterated a Neutral rating and $85.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Tesla posted a 1Q24 miss and pulled forward a low-cost vehicle launching before 2H25 to be based on existing vehicle platforms. RoboTaxi unveiled... More

Tesla (TSLA) PT Lowered to $293 at RBC Capital

April 24, 2024 6:32 AM EDT

RBC Capital analyst Tom Narayan lowered the price target on Tesla (NASDAQ: TSLA) to $293.00 (from $294.00) while maintaining a Outperform rating.

The analyst comments "With "Model 2" not only back on track, but accelerated, fears of ''no growth for years'' have... More

Morgan Stanley Re-explains it's $310 Price Target on Tesla (TSLA)

April 24, 2024 6:18 AM EDT

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $310.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Our PT of $310 is comprised of 6 components: (1) $67/share for core Tesla Auto business on 6.1mm units in 2030, 9.0% WACC, 13x 2030 exit EBITDA multiple, exit EBITDA... More

Stifel's Comments on Amazon.com (AMZN) Grocery Subscription Annoucement

April 23, 2024 12:54 PM EDT

Stifel analyst Mark Kelly reiterated a Buy rating and $224.00 price target on Amazon.com (NASDAQ: AMZN).

The analyst comments "Our First Take: (1) While investors were hopeful the deal between Whole Foods Canada and Instacart would translate into Amazon using Instacart elsewhere, this... More

Amazon.com (AMZN) PT Raised to $215 at BMO Capital

April 23, 2024 6:39 AM EDT

BMO Capital analyst Brian J. Pitz raised the price target on Amazon.com (NASDAQ: AMZN) to $215.00 (from $205.00) while maintaining a Outperform rating.

The analyst comments "The most frequent AMZN questions we get are about AWS growth trajectory and the durability of the... More

Mizuho: Top Pick Meta Platforms (META) ad-tracking solid with conservative expectations

April 22, 2024 12:01 PM EDT

Mizuho remains bullish on Meta Platforms (NASDAQ: META) heading into its upcoming earnings report, citing positive agency tracking for the first quarter of 2024, conservative expectations for the second quarter, and the potential for further operating leverage through increased efficiency.

The report highlights positive... More

Analysts see 'more upside ahead' for Amazon (AMZN) stock

April 22, 2024 11:27 AM EDT

Analysts at Jefferies and MoffettNathanson see more upside ahead for powerhouse Amazon (NASDAQ: AMZN), with both firm's reiterating their bullish views of the stock in notes on Monday.

MoffettNathanson analysts told investors in a note titled "61 billion reasons to buy the stock" that with Amazon's FY24 consensus EBIT estimates revised +60% higher in the last twelve months and the equity +64% compared to the... More

Apple (AAPL) earnings preview: AI, not iPhone, to the rescue?

April 22, 2024 10:00 AM EDT

With Apple (NASDAQ: AAPL) set to report its latest earnings on May 2, analysts at Morgan Stanley, Wells Fargo and Goldman Sachs have provided investors with their thoughts on the release.

Morgan Stanley cut its price target for the iPhone maker's shares to $210 from $220 in a note, maintaining an Overweight rating on the stock. Despite the price target reduction, the investment bank expects Apple to "slightly beat" March quarter expectations driven by stable product demand and... More