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Tesla Analysts Say Texas Shift 'Strategic Move,' Capacity Expansion Plans Increasingly Ambitious After Shareholder Meeting
Friday, October 8, 2021 - 11:52am | 573Tesla, Inc. (NASDAQ: TSLA) presented its annual shareholder meeting Thursday from its under-construction Giga Austin factory. In line with expectations, the company announced a change in domicile from California to Texas and said Cybertruck production will start in 2022. Tesla Sets...
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Why Micron Analysts Are Holding Bullish Bias Despite Weak Q1 Guidance
Wednesday, September 29, 2021 - 3:12pm | 938Micron Technology, Inc. (NASDAQ: MU) reported better-than-expected fourth-quarter earnings Tuesday, yet issued weak forward guidance. The Micron Analysts: Needham analyst Rajvindra Gill maintained a Buy rating and $130 price target for Micron shares. Wells Fargo Securities analyst Aaron...
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Why Nvidia Stock Analysts Are Bullish After Q2 Earnings
Thursday, August 19, 2021 - 3:00pm | 989Nvidia, Inc. (NASDAQ: NVDA) reported stellar quarterly results Wednesday thanks to strong performances by its data center and gaming businesses. The Nvidia Analysts: BofA Securities analyst Vivek Arya reiterated a Buy rating on Nvidia shares and increased the price target from $250 to $260...
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Tesla's Stock Pulls Back After Q2 Earnings: What Do Analysts Think?
Tuesday, July 27, 2021 - 1:46pm | 827Tesla Inc (NASDAQ: TSLA) shares traded lower on Tuesday after the company’s second-quarter earnings beat failed to wow the market. Tesla reported adjusted second-quarter EPS of $1.45 on revenue of $11.96 billion. Both numbers exceeded analyst estimates of 98 cents and $11.3 billion,...
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Micron Analysts Confident Of A Longer Cycle Amid Supply Tightness And Migration To DDR5
Thursday, July 1, 2021 - 3:53pm | 762Micron Technology, Inc. (NASDAQ: MU) reported strong fiscal-year third-quarter results and issued upbeat guidance for the fourth quarter. The Micron Analysts: Needham analyst Rajvindra Gill maintained a Buy rating and a $130 price target for Micron shares. The analyst also reiterated Micron...
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Tesla Analysts Unimpressed By Q1 Earnings: 'Not Much To Write Home About'
Tuesday, April 27, 2021 - 2:35pm | 638Tesla Inc (NASDAQ: TSLA) shares traded lower by 4% on Tuesday after investors took profits in the stock following its first-quarter earnings beat. For the first quarter, Tesla reported adjusted EPS of 93 cents on $10.39 billion in revenue. Both numbers beat consensus analyst estimates of 79...
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Where Are Tesla's Profits Coming From? (Hint: It's Not Cars)
Tuesday, April 27, 2021 - 10:49am | 392Tesla, Inc. (NASDAQ: TSLA) shares were trading lower Tuesday despite the electric vehicle manufacturer reporting better-than-expected results for its fiscal year 2021 first quarter. The tepid investor reaction to the earnings report may have to do with the fact that the company's...
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Why 3 Analysts Think Micron Technology Stock Is An Attractive Choice
Thursday, April 1, 2021 - 2:50pm | 633Micron Technology, Inc. (NASDAQ: MU) reported better-than-expected fiscal-year second-quarter results and issued an upbeat guidance for the third quarter. The Micron Analysts: Needham analyst Rajvindra Gill maintained a Buy rating on Micron shares and increased the price target from $115 to...
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Nvidia Investors Are Pulling Back On Q4 Results, But These Analysts Still Like Chipmaker's Potential
Thursday, February 25, 2021 - 6:52pm | 727NVIDIA Corporation (NASDAQ: NVDA) reported better-than-expected quarterly results Wednesday, but the stock is slipping amid a sector-wide tech sell-off and concerns about a potential slowdown in data center growth. The Nvidia Analysts: Needham analyst Rajvindra Gill maintained a Buy rating and...
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Nvidia Analysts Upbeat Following 'Impressive' Q3 Results, Shrug Off Looming Data Center Softness
Thursday, November 19, 2020 - 3:15pm | 930Nvidia Corporation (NASDAQ: NVDA) reported strong quarterly results and issued above-consensus guidance for the fiscal fourth quarter. The Nvidia Analysts: Needham analyst Rajvindra Gill maintained a Buy rating and $700 price target on Nvidia shares. Mizuho Securities analyst Vijay Rakesh...
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What To Expect When Tesla's Q3 Report Drops Next Week
Thursday, October 15, 2020 - 2:14pm | 549Tesla Inc (NASDAQ: TSLA) is scheduled to release its fiscal-year 2020 third-quarter results Wednesday, Oct. 21 after the market close. Key Tesla Q3 Metrics: Analysts, on average, expect the electric vehicle manufacturer to report non-GAAP earnings per share of 56 cents, higher than the...
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Tesla Analyst Sees Disconnect Between Share Price, EV Company's Fundamentals
Monday, October 12, 2020 - 11:10am | 474The unprecedented run-up in Tesla Inc (NASDAQ: TSLA) stock has made sell-side analyst wary about its future trajectory. The Tesla Analyst: Needham analyst Rajvindra Gill maintained an Underperform rating on Tesla. The Tesla Thesis: Tesla shares have risen 348% year-to-date versus a 7%...
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Tesla Analyst: Seasonality Makes Spike In Q4 Deliveries Unlikely
Monday, October 5, 2020 - 11:52am | 434Tesla Inc (NASDAQ: TSLA) shares fell over 7% Friday despite reporting third-quarter deliveries that came in ahead of the consensus estimate. An analyst at Needham looked at what may have triggered the negative investor reaction — and what's in store for the electric vehicle manufacturer...
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5 Micron Analysts On Q4 Beat, Huawei Challenges
Wednesday, September 30, 2020 - 1:36pm | 838Micron Technology, Inc. (NASDAQ: MU) reported strong fourth-quarter results Tuesday, but the stock is losing ground on the Huawei standoff. The Micron Analysts: KeyBanc Capital Markets analyst Weston Twigg maintained an Overweight rating and $70 price target. Needham analyst Rajvindra Gill...
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4 Tesla Analysts On Battery Day, From Bull To Bear: 'An Inherently Risky Move'
Wednesday, September 23, 2020 - 4:00pm | 719Analysts are out with their reactions to Tesla Inc's (NASDAQ: TSLA)highly anticipated Battery Day. The Tesla Analysts: Piper Sandler analyst Alexander Potter has an Overweight rating on Tesla with a $515 price target. Needham analyst Rajvindra Gill has an Underperform rating. Credit...