Other analysts saw upside for Coinbase and DoorDash along with Meta Platforms, as the social network builds advertising market share.
The firm initiated coverage of DoorDash stock with a buy rating and a $165 per share price target.
The analyst reiterated his overweight rating on Tesla stock but lowered his price target slightly to $310 per share from $320.
The firm reiterated a buy rating on Meta stock and raised its price target to $585 per share from $550 on Thursday.
Meta stock has surged more than 43% in 2024.
Persons:
Morgan Stanley, Pamela Kaufman, Kaufman, — Jesse Pound, Mark Zgutowicz, — Brian Evans, Oliver Wintermantel, Wintermantel, Brian Evans, Morgan Stanley's Adam Jonas, Morgan Stanley's, Adam Jonas, Tesla's, Jonas, Tesla, — Brian Evans TSLA, Oppenheimer, Coinbase, Owen Lau, Jefferies, Brent Thill, outgrow Amazon's, Meta, Thill, Erika Najarian, Najarian, BofA's
Organizations:
CNBC, Jefferies, Bank of America, UBS, Big Four, Meta, Hershey, ISI, Tesla Network, 2Q, Amazon, UBS downgrades Bank of America
Locations:
Big Four U.S, Hershey, cryptocurrency, Wednesday's, 2H24