Diamond Member Pelican Press 0 Posted April 10, 2024 Diamond Member Share Posted April 10, 2024 All the market-moving Wall Street chatter from Wednesday (This is CNBC Pro’s live coverage of Wednesday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) Nvidia and a major electric vehicle maker were in focus as part of Wednesday’s analyst chatter. Morgan Stanley raised its price target on Nvidia, calling for more than 15% upside going forward. Jefferies, meanwhile, cut it 12-month forecast on Tesla. Check out the latest calls and chatter below. All times ET. 5:53 a.m.: Jefferies lowers Tesla price target, cites ‘self-inflicted’ wounds Tesla’s troubles may not be over yet, according to Jefferies. The investment firm kept its hold rating on the electric vehicle maker and lowered its price target to $165 from $185. The new forecast implies shares could slide nearly 7% from Tuesday’s close. Tesla has already had a tough year, weighed down by waning sales in China and slowing demand for electric vehicles. The stock has lost nearly 29% in 2024, making it one of the worst performers in the S & P 500. Jefferies analyst Philippe Houchois also said Tesla is plagued by shifting product priorities. He cited reports of production of the company’s low-cost Model 2 being canceled . “Most issues affecting core auto performance appear self-inflicted and should keep returns well below potential for the coming 24 months,” he wrote. — Lisa Kailai Han 5:53 a.m.: Morgan Stanley raises Nvidia price target Nvidia has already rallied more than 72% in 2024. Morgan Stanley sees even more gains ahead. Analyst Joseph Moore raised his price target on the artificial intelligence darling to $1,000 per share from $795. The new forecast points to 17% upside from Tuesday’s close. “Preferring NVIDIA seems unimaginative, as it was the best performing stock last year … and it has risen to market caps that we would have thought of as unfathomable a few quarters ago,” Moore wrote. “That said, the peers have not been undiscovered either, with stocks with direct exposure to these markets, such as AMD and MRVL, having risen to new multiple highs.” NVDA YTD mountain NVDA year to date The analyst highlighted several factors in favor of Nvidia, including strong pricing and robust orders for its semiconductors. “We expect NVDA’s Data Center business to drive much of the growth over the next 5 years, as enthusiasm for generative AI has created a strong environment for AI/ML hardware solutions – NVDA’s being one of the most important,” Moore wrote. — Fred Imbert This is the hidden content, please Sign In or Sign Up Investment strategy,Stock markets,Tesla Inc,business news #marketmoving #Wall #Street #chatter #Wednesday This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/13546-all-the-market-moving-wall-street-chatter-from-wednesday/ Share on other sites More sharing options...
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