Retail sales ahead, Tesla's legal fight over Musk pay deal - what's moving markets

Tesla (TSLA) target cut at RBC Capital after revisiting robotaxi

June 20, 2024 9:39 AM EDT

RBC Capital analysts lowered their price target for Tesla (NASDAQ: TSLA) to $227 per share, down from $293 in a note Thursday, maintaining an Outperform rating on the stock.

This revision comes after the firm revisited its assumptions for Tesla's robotaxi business.

"We lower our TSLA robotaxi value and now allocate a bigger revenue share to Service Providers like Uber/Lyft," states... More

Vague Apple (AAPL) Comments Circulate

June 20, 2024 9:32 AM EDT

Vague Apple (NASDAQ: AAPL) Comments Circulate

Channel-check firm claims Q2 2024 iPhone sales growth yoy "accelerated" in China compared to Q1 2024 yoy growth data.... More

Tesla (TSLA) PT Lowered to $227 at RBC Capital

June 20, 2024 7:24 AM EDT

RBC Capital analyst Tom Narayan lowered the price target on Tesla (NASDAQ: TSLA) to $227.00 (from $293.00) while maintaining a Outperform rating.

The analyst comments "Consistent with the work done by RBCs Internet Team, we lower our TSLA robotaxi value and now allocate a... More

Micron Technology (MU) PT Raised to $185 at Fox Advisors

June 18, 2024 4:28 PM EDT

Fox Advisors analyst Steven Fox raised the price target on Micron Technology (NASDAQ: MU) to $185.00 while maintaining a Overweight rating.

The analyst comments "We raise our target on the shares of Micron (MU; $153.45; O/P) to $185 ahead of the companys FQ3 (May) results and... More

Tesla (TSLA) Master Plan 4 = Anything But Cars - Morgan Stanley

June 18, 2024 10:28 AM EDT

Morgan Stanley analysts warn that investors should prepare for a shift in Tesla's (NASDAQ: TSLA) focus beyond just electric vehicles (EVs).

They believe the upcoming Master Plan 4 (MP4) will reveal a strategic pivot towards "Anything But Cars" (ABC).

"Elon Musk seems to have acknowledged that China may have 'won' the battle for affordable... More

Morgan Stanley Positive on Tesla (TSLA)

June 18, 2024 9:22 AM EDT

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

The analyst comments "Amid bearish institutional investor sentiment, we reiterate our OW rating on Tesla with a $310 price target. Our thesis on Tesla... More