US stock futures fall as rate jitters grow ahead of Fed meeting

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Cantor is bullish on FSD, starts Tesla (TSLA) stock at buy

May 2, 2024 11:31 AM EDT

Cantor Fitzgerald analysts initiated coverage of Tesla (NASDAQ: TSLA) with an Overweight rating and $230 price target in a note Thursday, telling investors they are bullish on the company's Full Self-Driving (FSD) software.

The firm feels Tesla will benefit from future upside from its... More

AMD (AMD) PT Lowered to $170 at Cantor Fitzgerald

May 1, 2024 6:36 AM EDT

Cantor Fitzgerald analyst C.J. Muse lowered the price target on AMD (NASDAQ: AMD) to $170.00 (from $190.00) while maintaining a Overweight rating.

The analyst comments "At the heart of investor disappointment is lack of earnings leverage upside vis-à-vis consensus for all of CY24. The MI300 ramp is truly impressive, but supply constraints (mgmt. raised guide to $4B, we are hearing sufficient HBM for $5-6B) are limiting a vision for even greater upside where... More

AMD (AMD) PT Lowered to $176 at Citi

May 1, 2024 6:25 AM EDT

Citi analyst Christopher Danely lowered the price target on AMD (NASDAQ: AMD) to $176.00 (from $192.00) while maintaining a Buy rating.

The analyst comments "Yesterday after the close, AMD reported decent results and guided above Consensus driven by the MI300 ramp. The company also... More

Amazon.com (AMZN) PT Raised to $246 at MoffettNathanson

May 1, 2024 6:24 AM EDT

MoffettNathanson analyst Michael Morton raised the price target on Amazon.com (NASDAQ: AMZN) to $246.00 (from $230.00) while maintaining a Buy rating.

The analyst comments "We are comfortable with revenue assumptions and think a focus on Amazons cost centers is the opportunity... More

BofA: Sell Side Indicator (SSI) sentiment barometer falls in April

May 1, 2024 6:19 AM EDT

The Bank of America Sell Side Indicator (SSI) fell to 54.6% in April after rising over the prior two months, according to the firm in a note Wednesday.

The indicator is BofA's contrarian sentiment barometer, tracking sell-side strategists' average recommended allocation to equities in a balanced fund.... More

Starbucks (SBUX) PT Lowered to $85 at UBS

May 1, 2024 5:46 AM EDT

UBS analyst Dennis Geiger lowered the price target on Starbucks (NASDAQ: SBUX) to $85.00 (from $95.00) while maintaining a Neutral rating.

The analyst comments "Pressured F2Q results included depressed global sss and margin & earnings downside, while SBUX highlighted strategic plans to support an improved sales... More

Starbucks (SBUX) PT Lowered to $100 at BTIG

May 1, 2024 5:43 AM EDT

BTIG analyst Peter Saleh lowered the price target on Starbucks (NASDAQ: SBUX) to $100.00 (from $115.00) while maintaining a Buy rating.

The analyst comments "Starbucks posted the weakest quarter in recent history with traffic plummeting as the occasional, more value-oriented customer retreated.... More

Amazon.com (AMZN) PT Raised to $210 at Roth/MKM

May 1, 2024 5:06 AM EDT

Roth/MKM analyst Rohit Kulkarni raised the price target on Amazon.com (NASDAQ: AMZN) to $210.00 (from $205.00) while maintaining a Buy rating.

The analyst comments "AMZN reported an impressive 1Q beat with revenue coming close to high-end guide and op income materially... More