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Goldman Sachs on Monday cut Tesla to "hold" equivalent rating, joining Morgan Stanley and Barclays, which downgraded the stock last week. The brokerages, however, raised their price targets to reflect the momentum in Tesla shares, which have soared 71% since late April and more than doubled this year. The EV maker's shares were last down 1.2% in morning trading on Monday. Tesla's market capitalization of $813.29 billion far outstrips that of Japan's Toyota (7203.T), which is the next biggest global car company by market value. However, the brokerages reiterated that they saw strong growth ahead with Tesla remaining a global EV leader.

Persons: Goldman Sachs, Tesla, Morgan, Japan's, Goldman, Mark Delaney, Morgan Stanley, Jefferies, Aniruddha Ghosh, Susan Mathew, Anil D'Silva Organizations: Tesla Inc, EV, Morgan Stanley, Barclays, EV maker's, Japan's Toyota, Intelligence, Ford, General Motors, Truist Securities, Tesla, Thomson Locations: China, Bengaluru

☆ Elon Musk's quest for an irresistible price could spell trouble for Tesla and its stock
▼ + stars: | 2023-05-21 | by ( Brian Evans | ) www.cnbc.com time to read: +11 min

Its goal has been to coax consumers to make the leap to its brand with the lower prices. Finding an 'irresistible' price Tesla's price cuts are an effort to take advantage of that growing market. "We have written extensively on the drag EVs have on margins for legacy [original equipment manufacturers] and the impact of EV price deflation. She added that the price cuts are an effort for Tesla to retain market dominance and stave off competition from big competitors like Ford. Longer term, Tesla's price fluctuations could do more harm than good if they end up turning consumers off.

☆ Goldman on the best way to play the EV market from here
▼ + stars: | 2023-05-15 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Investors looking to play the burgeoning electric vehicle trend may want to consider hedging their bets on auto suppliers, according to Goldman Sachs. "We believe that the best set-up for stocks is where there is the combination of achievable Street estimates and an ability to grow even in a sluggish macro," he said. "We attribute this to conservatism from tier 1s after a protracted period of supply driven production weakness, macro demand uncertainty, and a desire to have achievable guidance," Delaney wrote. Aptiv is one way Goldman recommends playing this strategy, with shares of the automotive technology supplier poised to rally nearly 49% from Friday's close, based on Goldman's $138 price target. Goldman's price target implies roughly 33% upside from Friday's close.

☆ Why some Wall Street analysts think Tesla may have more price cuts ahead
▼ + stars: | 2023-04-03 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

He also said that price cuts reflect an industry leader's structural advantage that, while pressuring margins, can squeeze competition. Tesla's cuts were seen as catalysts in a "price war," as legacy automakers such as Ford followed in slashing prices for their electric vehicles. That places him in the majority, with more than half of analysts rating Tesla a buy, according to Refinitiv. Brinkman also said price cuts hurt Tesla more than legacy automakers. "We are of the opinion that without the aggressive price cuts, Tesla sales may not have grown on a sequential basis, a sign that even the most dominant EV player is not invulnerable to a slowing macro and competition."

☆ Luminar CFO defends lidar maker's pricing and revenue in the wake of a Goldman downgrade
▼ + stars: | 2023-03-24 | by ( John Rosevear | ) www.cnbc.com time to read: +3 min

A Mercedes-Benz van retrofitted with different types of lidar systems, including Luminar's Iris, to showcase the differences in the technologies. Lidar maker Luminar Technologies , stung by a recent Wall Street downgrade, is responding in an unusual way: taking its case directly to the shareholders. "We continue to see Luminar as one of a handful of leaders in the very competitive lidar industry," Delaney wrote. "'Premium pricing' isn't a theoretical concept we are forecasting, but an achievement we have already made in our major customer contracts," Fennimore wrote in the shareholder letter. And the second point Fennimore says Goldman missed: The time frame Delaney chose to compare Luminar's valuation against those of its rivals.

☆ Goldman Sachs says this self-driving car software stock could fall 35%
▼ + stars: | 2023-03-22 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Luminar Technologies shares are too expensive at current valuations and could fall 35%, Goldman Sachs said. Luminar shares outperformed this year as investors moved back into riskier assets. However, the analyst says Luminar shares now have downside after that run-up. Delaney's $5 price target means shares could fall 35% from Tuesday's close. Luminar shares were down more than 8% in Wednesday premarket trading.

☆ Tesla a 'screaming buy' or bellwether for zombie stocks? The bulls and bears state their case
▼ + stars: | 2023-03-08 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Tesla's stock closed at $193.81 on Monday — 49.2% off its 52-week high, compared to an average drop of 18% among its peers, according to FactSet. Over the year so far, Tesla shares are up around 57%, but looking ahead, analysts are divided on the company's prospects. The bears: 'Bellwether' for zombie stocks Apart from the recent price cuts, Tesla has hinted at a cheap, next-generation model that would cost $25,000. David Trainer, CEO of investment research firm New Constructs, said that it's "nosebleed high because the cash flow expectations baked into the stock price are unreasonably optimistic." And you look at the relative growth to large cap tech companies and it's a screaming buy," he said.

☆ Tesla shares down 8% after Investor Day despite positive analyst sentiment
▼ + stars: | 2023-03-02 | by ( Rohan Goswami | ) www.cnbc.com time to read: +1 min

Tesla shares continued sliding Thursday morning, a movement that began the prior day during Tesla's Investor Day event, which provided investors with a long-term vision but lacked detail on new products or services. The electric-vehicle manufacturer's stock fell over 8% in the pre-market, despite positive analyst reaction to CEO Elon Musk's presentation and to Tesla's overall outlook. Jonas has an overweight rating and set a $220 price target for the stock. Goldman Sachs maintained a buy rating and a $200 price target, with analyst Mark Delaney writing Thursday that "the event reinforced our positive view of the company's long-term competitive positioning." Tesla shares are up over 80% year-to-date but remain well off of the 2021 high, which propelled the stock price above $400.

☆ Here's what every major analyst thought of Tesla's investor day
▼ + stars: | 2023-03-02 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Analysts aren't budging on Tesla coming off an investor day that they see as offering little detail on the electric vehicle maker's future plans. Bernstein analyst Toni Sacconaghi, a noted bear on the stock, called the meeting "somewhat disjointed and fairly technical." The investor day came as investors grow increasingly cautious following Musk's chaotic purchase of Twitter and recent price cuts to some Tesla models . Wells Fargo Analyst: Colin Langan Price target: $190, a downside of 6.3% from Wednesday's close Rating: Staying equal weight "It's unclear how long the recent Model3/Y price cuts will sustain demand. There was also no comment on a Model 3/Y refresh or any major update on Tesla Bot or FSD.

☆ Asia markets rise following Wall Street's gains, Tokyo inflation notches up
▼ + stars: | 2023-01-27 | by ( Jihye Lee | ) www.cnbc.com time to read: +2 min

Wall Street analysts are divided on Tesla after the electric car company's latest quarterly results. While the move triggered a drop in used Tesla prices, they also supported demand for the vehicles. "Thus far in January we've seen the strongest orders year to date than ever in our history. "Importantly, Tesla commented that since it lowered prices it has seen the strongest orders year-to-date in its history, with orders running about 2X production. While the strong orders are promising, the analyst said the auto gross margins were too weak to overlook.

☆ Elon Musk says his Twitter misadventure has only helped Tesla. Wall Street isn't buying it.
▼ + stars: | 2023-01-27 | by ( Asia Martin | ) www.businessinsider.com time to read: +6 min

Wall Street analysts feel otherwise: They're bullish on Tesla, but think Musk is too distracted. Musk's tweets have gotten him in trouble with shareholders and the courts. Wall Street thinks Twitter is a costly distractionMusk is not wrong in that he and Tesla are reasonably popular on Twitter. But how many of Musk's and Tesla's followers converted to sales based on the content coming from those accounts? As in most things, there's always more to the story — but you can't deny the impact of Musk's Twitter habits, either.

☆ Goldman Sachs sees Tesla rallying nearly 40%, points to three positives for the stock
▼ + stars: | 2023-01-26 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Tesla's fourth-quarter report points to even more gains for the electric vehicle maker, Goldman Sachs said Thursday. Analyst Mark Delaney reiterated his $200 price target and buy rating on Tesla. CEO Elon Musk also said during a conference call that the company could produce 2 million vehicles in 2023. Tesla shares have fluctuated dramatically during the past year, as questions intensify over Elon Musk's involvement in the company and as Twitter CEO. The company's stock has gained 17.25% in 2023, and jumped 9.8% in premarket hours after it announced its earnings report.

☆ Tesla's strong orders and weak margins in its latest earnings have analysts conflicted on the stock
▼ + stars: | 2023-01-26 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

The company posted adjusted earnings of $1.19 per share, compared to expectations of $1.13 per share, according to Refinitiv estimates. We're currently seeing orders of almost twice the rate of production," Musk said during a call with analysts. While the strong orders are promising, the analyst said the auto gross margins were too weak to overlook. Still, he maintained a neutral rating on the firm following earnings, saying the outlook is balanced from here. Meanwhile, Bank of America's John Murphy reiterated a neutral rating, saying the operational and financial outlook for Tesla shares remains unchanged after earnings, and that the stock is "fairly valued."

☆ Goldman Sachs downgrades this stock as auto market faces a tough macro outlook, names Tesla a top pick
▼ + stars: | 2023-01-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Shares of Keysight Technologies look poised for a reset as both the auto and communications infrastructure industries face a difficult macro environment ahead, according to Goldman Sachs. Analyst Mark Delaney downgraded shares of the electronic design and test solutions company that supplies products to the industries like autos, to neutral from buy. He cited increased exposure to a dwindling communications infrastructure market and the company's premium valuation relative to peers. "We expect a slowdown in telecom/communications infrastructure capex given the weaker macroeconomic backdrop, which could negatively impact Keysight's business in our opinion," Delaney wrote in a Tuesday note. Delaney also named General Motors and Tesla as his favored picks in 2023, noting that both companies are leading the way in autonomy.

☆ EV stocks face another turbulent year, but some names are set for big gains, analysts say
▼ + stars: | 2022-12-24 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Electric vehicles remain hot Meanwhile, electric vehicles have a tailwind from new legislation. Meanwhile, Cantor Fitzgerald began coverage of Rivian on Dec. 20 with a $30 price target, which marks nearly 57% upside from Friday's close. The average analyst has a target price of $44.88 on the stock, reflecting potential upside of 134%, according to FactSet. Legacy automakers try to catch up Ford and General Motors are trying to gain ground within electric vehicle production. Goldman Sachs' Delaney said the firm currently prefers GM to Ford given its "head start" on electric vehicles.

☆ Here are Goldman Sachs's top electric vehicle plays for 2023
▼ + stars: | 2022-12-15 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

As investors become increasingly focused on the shift to electric vehicles, Goldman Sachs has a list of stocks aligning with automotive technology trends. With this in mind, Delaney laid out his top picks for the industry, ranging from electric vehicle makers to component suppliers. But softer anticipated supply and demand prompted Delaney to lower the price target to $235 from $305. GM said in November it expects profits from electric vehicles to be around equal to gas vehicles by 2025 , which would put the legacy automaker multiple years ahead of its previously set schedule. Last month, Morgan Stanley downgraded the stock to equal weight from overweight due to impacts from a slower rollout of electric vehicles.

☆ Goldman says buy these five stocks in a weakening macro environment
▼ + stars: | 2022-12-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Analysts at Goldman Sachs named a slew of stocks this week that the firm said are well positioned if market conditions deteriorate. They include Yeti, Yum China , Keysight Technologies , Capri Holdings and Taiwan Semiconductor Manufacturing . Yum China Yum China is a stock made for these times, according to analyst Michelle Cheng. Keysight Technologies "Strong results despite weakening macro. Yum China "YUMC delivered a strong margin beat in its 3Q22 results reinforcing its leading execution & business resiliency amid market volatility.

☆ This self-driving car technology stock can jump more than 25%, Goldman Sachs says
▼ + stars: | 2022-11-21 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Investors should consider buying shares of Mobileye Global, a company developing autonomous driving technology for cars, Goldman Sachs said. Analyst Mark Delaney initiated coverage of Mobileye Global with a buy rating, saying the maker of technology for self-driving cars can gain market share in a competitive market. The analyst's 12-month price target of $36 implies roughly 26% upside from Friday's closing price. A succession of investment firms including Goldman Sachs initiated coverage of Mobileye roughly one month after the company's initial public offering when it was spun out by Intel. Other firms that initiated coverage of Mobileye this week include Morgan Stanley, which gave the stock an equal-weight rating and a $32 price target.

☆ Top Wall Street analysts name their best stock ideas to ride out the market turbulence
▼ + stars: | 2022-09-25 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

To choose the right stocks, staying aware of what Wall Street analysts are saying can be of help. related investing news Analysts name the top 'high conviction' stocks for playing the market turbulence The perils and promise of quantum computing are nearing. The North American housing market has slowed considerably, with the ill effects trickling down to construction equipment demand. He holds the 782nd position among almost 8,000 analysts tracked on TipRanks and has a success rate of 52%. According to the law, a $3 per kg production tax credit will be provided to developers producing green hydrogen (hydrogen produced with electrolyzers sourced from clean energy).

☆ FC Liverpool s-a calificat în turul patru al Cupei Angliei. "Cormoranii" au spulberat pe Aston Villa
▼ + stars: | 2021-01-09 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Echipa gazdă a fost lovită puternic de un focar de coronavirus, iar pentru acest meci a aliniat o echipă de puști. Astfel, primul "11" a fost format din șapte fotbaliști de până la 23 de ani şi 4 jucători sub 18 ani. Așa dar, la pauză scorul a fost de 1-1. "Cormoranii" au marcat în minutul 4 prin Sadio Mane, acesta fiind și primul gol al senegalezului în Cupa Angliei de când evoluează pentru formația de pe Anfield. De partea cealaltă, Aston Villa a egalat în minutul 41 prin Louie Barry.În repriza secundă, elevii lui Jurgen Klopp au controlat ostilitățile și au mai înscris trei goluri în doar 5 minute.

Persons: Mark Delaney, Jurgen Klopp, Louie, Georginio, Mohamed Salah, Traore Organizations: Anfield, Aston Villa, Wolverhampton Wanderers, Crystal Palace, Cupei Locations: Liverpool, Angliei

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