Analysts are less bullish on Magnificent 7, Big Tech as rally loses steam
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StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
Evercore ISI Believes Meta Platforms Inc. (META) is Down Due to High Expectations into the Print
April 24, 2024 4:51 PM EDTEvercore 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 EDTAlphabet (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 EDTJPMorgan 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 EDTRoth/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 EDTRBC 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 EDTMorgan 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 EDTStifel 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 EDTBMO 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
Tesla (TSLA) cuts US growth content team - Bloomberg
April 22, 2024 1:29 PM EDTAccording to a Bloomberg report on Monday, electric vehicle giant Tesla (NASDAQ: TSLA) has laid off a newly formed marketing team as part of company-wide layoffs.
The move is said to change course from an advertising push that Chief... More
Mizuho: Top Pick Meta Platforms (META) ad-tracking solid with conservative expectations
April 22, 2024 12:01 PM EDTMizuho 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 EDTAnalysts 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
