Ark's Cathie Wood defends AI strategy despite offloading Nvidia shares below $150
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- S&P, Nasdaq drop on semiconductor selloff as AI spending concerns mount
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- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
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Oppenheimer Reiterates Outperform Rating on salesforce.com (CRM)
June 10, 2024 4:24 PM EDTOppenheimer analyst Brian Schwartz reiterated an Outperform rating and $280.00 price target on salesforce.com (NYSE: CRM).
The analyst comments "We recently met with Salesforce's SVP for Product Management, Generative AI and Search, Kaushal Kurapati at Oppenheimer's Annual Software Bus Tour. Based on our... More
NVIDIA (NVDA) PT Lowered to $131 at Evercore ISI
June 10, 2024 11:47 AM EDTEvercore ISI analyst Mark Lipacis lowered the price target on NVIDIA (NASDAQ: NVDA) to $131.00 (from $1,310.00) while maintaining a Outperform rating.
The analyst comments "NVDA announced a 10-to-1 stock split on May 22, 2024 effective after markets close on June 7, 2024. Following this every shareholder will... More
UBS Reiterates Neutral Rating on Apple (AAPL)
June 10, 2024 8:48 AM EDTUBS analyst David Vogt reiterated a Neutral rating and $190.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "GenAI interest solid in China but muted elsewhere as cost & privacy are concerns. Somewhat not surprisingly in our view, a high price was cited... More
NVIDIA (NVDA) PT Lowered to $140 at Cantor Fitzgerald, 'remains our TOP PICK in semis'
June 10, 2024 5:35 AM EDTCantor Fitzgerald analyst C.J. Muse lowered the price target on NVIDIA (NASDAQ: NVDA) to $140.00 (from $1,400.00) while maintaining a Overweight rating.
The analyst comments "NVDA announced a 10-for-1 stock split last Q which officially took effect Friday post close. As such, we... More
Bernstein SocGen Group on Tesla (TSLA): 'Will Elon get his $56B? It doesn't look likely...'
June 10, 2024 4:11 AM EDTBernstein SocGen Group analyst Toni Sacconaghi reiterated an Underperform rating and $120.00 price target on Tesla (NASDAQ: TSLA).
The analyst comments "We believe that Elon Musks $56B pay package is unlikely to pass the shareholder vote. We note that ~25% of eligible voting shares are held by either passives, who are likely to follow the no recommendation of ISS/Glass Lewis, or institutionals who have publicly announced their... More
