DIRS.INFO The most relevant business & tech news

Analyst Ronald Epstein downgraded the stock to neutral from buy and lowered his price target to $225 from $255. The new price target implies just 5% upside from Wednesday's close. Analyst Jed Kelly has an outperform rating and $44 price target on shares, implying 14.4% upside potential since Thursday's close. Analyst Wamsi Mohan reiterated his buy rating on the stock and raised his price target to $200 from $170. Analyst Michael Sison lowered his price target to $69 from $85, implying just 7.5% upside from Wednesday's close.

Persons: Hertz, Ronald Epstein, Epstein, — Hakyung Kim, Oppenheimer, Jed Kelly, Kelly, DraftKings, aren't, Wamsi Mohan, Mohan, JPMorgan's Brian Essex, David Vogt, Essex, Vogt, Wells, DuPont Wells, —, Michael Sison, Sison, Kim, Downside, Tesla, Tesla's, Morgan Stanley's Adam Jonas, Jonas, Joseph Spak, inched, TSLA, Spak, Goldman Sachs, Mark Delaney, Dan Levy, Levy, Colin Langan, Langan, Toni Sacconaghi, Bernstein, JPMorgan downgrades, Ryan Brinkman, Fred Imbert Organizations: CNBC, Tesla, EV, Hertz, JPMorgan, Bank of America, Boeing, Alaska Airlines, of America, Federal Aviation Administration, FAA, IBM, UBS, PTI, bps, DuPont, DuPont de Nemours, Barclays, JPMorgan downgrades Hertz Locations: Alaska, Draftkings, Essex, Wednesday's, Wells Fargo, China, 2H24, Europe

☆ Tesla slumps on Q4 miss: What you need to know
▼ + stars: | 2024-01-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla slumps on Q4 miss: What you need to knowToni Sacconaghi, Bernstein senior analyst, and Ben Kallo, Baird analyst, join 'Squawk on the Street' to discuss what's happening with Tesla's stock, what the Bernstein analyst could be waiting for to rerate Tesla, and more.

Persons: Tesla, Toni Sacconaghi, Bernstein, Ben Kallo, Baird, rerate Tesla

☆ Analysts baffled by Tesla not giving an outlook, can't think of another big company not to do so
▼ + stars: | 2024-01-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Barclays analyst Dan Levy, for example, lowered his target on Tesla shares to $225 from $250, saying that a "cloudy path ahead reinforces some downside risk." Guggenheim left a sell rating and $132 price target in place. "We expect consensus estimates to come down on what will likely be interpreted as a cautious outlook with reduced visibility," wrote Citi's Itay Michaeli. Michaeli lowered Citi's Tesla price target to $224 from $255 a share, implying about 8% upside from Wednesday's close. The bank remains on the sidelines with a neutral rating on Tesla shares, awaiting a "more convincing entry point," he wrote.

Persons: Tesla, Morgan Stanley's Adam Jonas, Joseph Spak, Dan Levy, Wells Fargo's Colin Langan, Emmanuel Rosner, Guggenheim, Ronald Jewsikow, Bernstein's Toni Sacconaghi, Itay, Goldman Sachs, Mark Delaney, — CNBC's Michael Bloom Organizations: Wall Street, UBS, Barclays, Deutsche Bank, EV Locations: Wednesday's

☆ Tesla's Cybertruck launch: What investors need to know
▼ + stars: | 2023-11-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's Cybertruck launch: What investors need to knowToni Sacconaghi, Bernstein senior research analyst, joins 'Squawk on the Street' to discuss his thoughts on Tesla's Cybertruck launch, whether Tesla will ever make money on the new truck, and more.

Persons: Toni Sacconaghi, Bernstein, Tesla

☆ This China EV maker should not be worth so much less than Tesla, Bernstein says
▼ + stars: | 2023-11-27 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Investors could be missing out on a massive opportunity by not buying into BYD, a Chinese electric vehicle maker similar to Tesla that trades at a much more depressed valuation, according to Bernstein. Tesla and BYD are currently the two leading EV manufacturers, and are now comparable in size across volumes, revenues, and profit dollars, but BYD is growing significantly faster," analyst Toni Sacconaghi wrote. Despite this similarity in growth trajectory, BYD's current valuation is a mere $90 billion versus Tesla's $750 billion. One difference in prices between the two companies stems from analysts valuing Tesla as more than just an auto company. But these collective "side bets" amounted to 26% of BYD's revenues and 15% of the company's gross profits in 2023, Sacconaghi said.

Persons: Bernstein, Tesla, Toni Sacconaghi, Sacconaghi Organizations: HK Locations: BYD, Hong Kong

☆ Bernstein's Toni Sacconaghi on Tesla's challenge: It's playing in 'a hyper-competitive marketplace'
▼ + stars: | 2023-11-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBernstein's Toni Sacconaghi on Tesla's challenge: It's playing in 'a hyper-competitive marketplace'Toni Sacconaghi, Bernstein senior research analyst, joins 'Squawk Box' to discuss Tesla's stock performance, growth outlook, China EV market, and more.

Persons: Toni Sacconaghi, Bernstein Organizations: China EV Locations: China

☆ Apple gets 36% of Google search revenue from Safari, Alphabet witness says
▼ + stars: | 2023-11-14 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Google pays Apple more than a third of its search advertising revenue from Safari under the terms of the two companies' search default agreement, an Alphabet witness said in open court Monday amid a protracted antitrust battle between Google and the Department of Justice. The 36% figure, which was not previously known to the public, is one of the clearest indications of how lucrative Google's search deal has been for both Apple and the search engine company. The search default agreement is a major focus of the proceedings. Bernstein analyst Toni Sacconaghi has estimated in a note to clients that Apple would see $19 billion in 2023 revenue as a result of the search engine default deal with Google. "Everybody talks about the open web, but there really is the Google web," he said on the stand.

Persons: Kevin Murphy, Department's, John Schmidtlein, Murphy, Amit Mehta, Bernstein, Toni Sacconaghi, Apple, Sundar Pichai, Satya Nadella, Nadella, Microsoft's Bing Organizations: Google, Apple, Safari, Department of Justice, University of Chicago, Williams, Connolly, Bloomberg News, Microsoft

☆ Apple issues cautious revenue outlook for the holiday quarter. How to play the stock now
▼ + stars: | 2023-11-03 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple issues cautious revenue outlook for the holiday quarter. How to play the stock nowJim Cramer, Wamsi Mohan of Bank of America Securities, Toni Sacconaghi of Bernstein and Dan Ives of Wedbush Securities discussed Apple after the company reported fiscal fourth-quarter earnings Thursday and its fourth straight quarter of declining sales.

Persons: Jim Cramer, Wamsi Mohan, Toni Sacconaghi, Bernstein, Dan Ives Organizations: Bank of America Securities, Wedbush Securities, Apple

☆ Bernstein's Toni Sacconaghi on Apple: The question for investors is how much to pay for the company
▼ + stars: | 2023-11-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBernstein's Toni Sacconaghi on Apple: The question for investors is how much to pay for the companyToni Sacconaghi, Bernstein senior analyst, joins 'Squawk Box' to break down Apple's quarterly earnings results, which beat on top and bottom lines but revealed overall sales fell for the fourth quarter in a row, the challenges facing the company, and more.

Persons: Toni Sacconaghi, Bernstein Organizations: Apple

☆ Tesla shares drop 5% on Panasonic battery warning, down 18% since Q3 earnings report
▼ + stars: | 2023-10-30 | by ( Lora Kolodny | ) www.cnbc.com time to read: +3 min

Musk also repeatedly said, during that call, that Tesla was facing serious challenges with the start of production of its long-awaited Cybertruck. Shares have dropped about 18% since the company's earnings call Oct. 18. We believe that Tesla may have to guide to deliveries below consensus next year AND face lower margins." Bernstein, with its bearish view of Tesla, is forecasting 2.15 million deliveries from Tesla next year with earnings per share of $2.59 compared to the consensus view of 2.3 million deliveries and earnings per share of $3.30. Shares of ON Semiconductor , which supplies chips for EVs, were down 20% Monday after the company offered disappointing Q4 guidance.

Persons: Elon Musk, Porte, Tesla, Musk, It's, Bernstein's Toni Sacconaghi, Bernstein, Sacconaghi Organizations: SpaceX, Tesla, Viva Technology, Porte de, Panasonic, U.S, Cybertruck, ON Semiconductor, CNBC Locations: Paris, Japan, Ortex, London

☆ These Nasdaq stocks are already in a bear market, including Tesla and Airbnb
▼ + stars: | 2023-10-26 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

CNBC Pro recently screened for a list of these stocks, shown here: The list of names includes Tesla, which is down 29% from its 52-week high in July. Even Morgan Stanley's Adam Jonas, who has an outlier overweight position on the stock, trimmed his price target to $380 from $400. Another name on the list was Enphase Energy , which is down 72.2% from its 52-week high on Dec. 5. Dollar Tree is off 36% from its 52-week high in November 2022. The accompanying price target of $137 corresponds to a potential 26.5% upside from Wednesday's close.

Persons: Morgan Stanley's Adam Jonas, Bernstein's Toni Sacconaghi, Tesla, Justin Patterson, SolarEdge, Enphase, Goldman Sachs, Michael Bloom Organizations: Nasdaq, it's, CNBC Pro, Wall, KeyBanc Capital, Enphase Energy, Daiwa

☆ Tesla stock ends the week down 15%, the worst performance of the year
▼ + stars: | 2023-10-20 | by ( Lora Kolodny | ) www.cnbc.com time to read: +5 min

Elon Musk, chief executive officer of SpaceX and Tesla, and owner of X. formerly known as Twitter. Tesla shares dropped more than 15% over the last few days to close the week at $211.99 after CEO Elon Musk waxed pessimistic about macroeconomic issues on a third-quarter earnings call Wednesday. It marks the worst week for Tesla stock of the year, although shares of the electric automaker are still up 96% year-to-date. For the period ending Sept. 30, 2023, Tesla reported $23.35 billion in revenue and $1.85 billion in profits, a decline versus the prior quarter. His forecast still implies more than a 56% upside in a note out after the Q3 Tesla call.

Persons: Elon Musk, Tesla, Musk, Didi, it's, Vaibhav Taneja, We've, Wells, Colin Langan, Morgan Stanley's Adam Jonas, Jonas, Toni Sacconaghi, Bernstein Organizations: SpaceX, Tesla, CNBC Pro Locations: U.S, China

The world's most valuable automaker was set to lose nearly $50 billion in market value, based on premarket share movements. The comments marked a change in tone from Tesla CEO Musk, who had said his company was "recession-resilient" last year. The EV maker missed revenue estimates on Wednesday by the most in more than three years despite hefty price cuts. Reuters GraphicsOverall, 10 analysts cut their price targets on the stock, pushing the median view to $260, according to LSEG data. Tesla shares fell 6.1% at $227.96 in premarket trading.

Persons: Tyrone Siu, Elon, Tesla, Musk, Canaccord, Bernstein, Toni Sacconaghi, Craig Irwin, Aditya Soni, Akash Sriram, Shounak Dasgupta, Anil D'Silva Organizations: Tesla, REUTERS, Ford Motor, General Motors, Reuters Graphics, Ford, Roth Capital, Reuters, Thomson Locations: Taipei, Taiwan, Bengaluru

☆ Tesla story 'broken?' Analysts cut their price targets on the electric car maker after disappointing third-quarter earnings
▼ + stars: | 2023-10-19 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

TSLA 1D mountain Tesla shares Many analysts covering Tesla had already forecast margin pressures due to lagging sales and just reiterated their ratings on the company's shares following Wednesday's release. Goldman Sachs reduced its price target to $235 from $265, which implies 3.2% downside. He reiterated his underperform rating and $150 price target on shares, which implies 38% downside from Wednesday's close. The bank reiterated its neutral rating, while bringing down its price target to $255 from $271. Even Morgan Stanley's Adam Jonas trimmed his price target to $380 from $400, though the new forecast still implies more than 56% upside.

Persons: weren't, Elon Musk, Tesla, Goldman Sachs, Mark Delaney, Delaney, Toni Sacconaghi, Bernstein, Wells Fargo, Wells, Colin Langan, Langan, Musk's, Phillippe Houchois, Itay Michaeli, Michaeli, Morgan Stanley's Adam Jonas, Jonas, — CNBC's Michael Bloom Organizations: Jefferies, Citi, U.S, EV, Tesla, Network Services, Mobility, Party, Energy, Insurance Locations: Mexico, Wells, Musk's Cybertruck

☆ Could Apple be a casualty of the DOJ suit targeting Google?
▼ + stars: | 2023-10-10 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

The U.S. Department of Justice's case against Google Search went to trial last month , with the agency alleging Google unfairly used exclusive deals with mobile companies and browser firms to make its search engine the default for consumers. The Wall Street analyst estimated that Apple earns between $18 billion to $20 billion a year from Alphabet for making Google the default search engine on Apple products. Google has repeatedly rejected the DOJ's claims, arguing its search engine is simply a superior product relative to that of competitors. Google Search didn't become the dominant search engine because of a tie-in with Apple. AAPL YTD mountain Apple (AAPL) year-to-date performance When it comes to Apple, we have found that the best strategy for long-term investors like us is to block out the noise.

Persons: Apple, Bernstein, Toni Sacconaghi, John E, Bernstein's Sacconaghi, Sacconaghi, Jim Cramer's, Jim Cramer, Jim, Sundar Pichai, Tim Cook, Joe Biden, Anna Moneymaker Organizations: U.S . Department, Google, Apple, Wall, Big Tech, CNBC, White, Washington , D.C, Getty Locations: U.S, Washington ,

☆ Bernstein says investors should take profits in pricey tech stocks such as Nvidia and these others
▼ + stars: | 2023-09-25 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Megacap technology stocks have led most of the 2023 market rally, and it might be time to take some chips off the table, according to one of Wall Street's top technology analysts. Bernstein's Toni Sacconaghi is advising clients to look to take profits on this year's leaders opportunistically. Sacconaghi is rated consistently as the No.1 analyst on IT hardware and electronics manufacturing services by Institutional Investor. Investors flocked to tech stocks, especially the ones tied to the artificial intelligence boom, in the first half of the year. Still, Bernstein kept its neutral rating on tech stocks, adding that investors should turn to quality shares that are more undervalued.

Persons: Bernstein's Toni Sacconaghi, opportunistically, Bernstein, Sacconaghi, — CNBC's Michael Bloom Organizations: Institutional Investor, Nvidia, Meta, Apple, Microsoft, Broadcom

☆ Here’s what major analysts thought of the new iPhone and what to do with Apple’s stock
▼ + stars: | 2023-09-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

He highlighted the enhanced photo capabilities on Pro models and called the new double tap feature the most notable upgrade to the Apple Watch. Many analysts expected hikes around $100 and $200 for the beefed up Pro and Pro Max iterations. Apple essentially delivered a $100 price hike on the Pro Max by doing away with the lower storage option. He noted that the hike on the Pro Max skewed to the low end of the Wall Street firm's expectation range. Evercore ISI's Amit Daryanani regarded the event as "mildly disappointing" for bulls hoping for a Pro price increase.

Persons: Toni Sacconaghi, Canaccord Genuity's Michael Walkley, Goldman Sachs, Michael Ng, Wells, Aaron Rakers, Pro Max, iPhones, Atif Malik, Evercore ISI's Amit Daryanani, David Vogt, Samik Chatterjee, Erik Woodring's, Morgan, Apple, Woodring, Sacconaghi, — CNBC's Michael Bloom Organizations: Apple, Apple Watch, Wall, Pro, Citi, UBS Locations: China

☆ Apple falls 1% after unveiling new iPhone. Here's what the pros say to do next
▼ + stars: | 2023-09-13 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple falls 1% after unveiling new iPhone. Here's what the pros say to do nextJim Cramer, Toni Sacconaghi of Bernstein, Dan Ives of Wedbush Securities and Karen Firestone of Aureus Asset Management discussed Apple after the company launched new products Tuesday and hiked iPhone prices in China, Japan and India.

Persons: Jim Cramer, Toni Sacconaghi, Bernstein, Dan Ives, Karen Firestone Organizations: Apple, Wedbush Securities, Aureus Asset Management Locations: China, Japan, India

☆ Here's what Wall Street expects from the Apple iPhone event Tuesday and its meaning for the stock
▼ + stars: | 2023-09-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Apple's launch event, during which it's expected to introduce the iPhone 15 and Apple Watch Series 9, comes amid a tough backdrop for the stock in recent sessions. Long expects a $50 to $100 increase for the iPhone 15 Pro and a $100 to $200 hike for the Pro Max model. What it means for Apple shares Looking ahead, Wall Street sees a positive setup for Apple shares over the long term, but those tailwinds could take time to play out. AAPL YTD mountain Apple shares since the start of 2023. Data analyzed by Bernstein shows a similar pattern for Apple shares before and after a launch event.

Persons: Morgan Stanley, Erik Woodring, Tim Long, Long, CFRA's Angelo Zino, Jefferies, Andrew Uerkwitz, referringto, it's, Wamsi Mohan, Morgan Stanley's Woodring, Bernstein, Toni Sacconaghi, Woodring, Apple, Morgan Stanley's, — CNBC's Michael Bloom Organizations: Apple, Barclays, Apple Watch, Pro, Apple Vision, Bank of America, outperformance Locations: China, U.S

☆ China is not the only thing fueling investor concerns about Apple, says Bernstein's Toni Sacconaghi
▼ + stars: | 2023-09-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina is not the only thing fueling investor concerns about Apple, says Bernstein's Toni SacconaghiToni Sacconaghi, Bernstein Private Wealth Management's Apple analyst, joins 'Squawk on the Street' to discuss the revenue hit Apple could face from restrictions in China, the timeline for Apple's plan to migrate manufacturing outside of China, Apple's quest to maximize international revenue.

Persons: Bernstein's Toni Sacconaghi Toni Sacconaghi Organizations: China, Apple Locations: China

☆ Apple shares fall after reports that China banned iPhone use by government employees
▼ + stars: | 2023-09-07 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 26, 2018. Apple shares fell about 3% on Thursday, following a 4% decline on Wednesday, after several reports suggesting that Chinese government workers could be banned from using iPhones. Greater China, including Hong Kong and Taiwan, is Apple's third-largest market, accounting for 18% of total revenue of $394 billion. It's also where the vast majority of Apple products are assembled. The ban could spread to other state companies and government-backed agencies, Bloomberg News reported on Thursday.

Persons: Tim Cook, It's, Bernstein, Toni Sacconaghi, Sacconaghi, Dan Niles Organizations: Apple, China Development Forum, U.S, Street, Bloomberg, Huawei Locations: Diaoyutai, Beijing, China, Greater China, Hong Kong, Taiwan

☆ Apple stock falls on China iPhone ban report. What the pros are saying
▼ + stars: | 2023-09-06 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple falls on report of China restricted iPhone usage. Here's what the pros sayJoe Terranova of Virtus Investment Partners, Brian Belski of BMO Capital Markets, Steve Weiss of Short Hills Capital and Toni Sacconaghi of Bernstein discussed Apple after the Wall Street Journal reported that China restricted the use of foreign-branded devices, including iPhones by its government officials.

Persons: Joe Terranova, Brian Belski, Steve Weiss, Toni Sacconaghi, Bernstein Organizations: Virtus Investment Partners, BMO Capital Markets, Short Hills Capital, Apple, Wall Street Journal Locations: China

☆ Morgan Stanley names this tech stock a top pick, says AI server demand could boost it by nearly 25%
▼ + stars: | 2023-09-01 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Growing demand for artificial intelligence servers should boost shares of Dell Technologies over the long haul, according to Morgan Stanley. "Importantly, this opportunity is incremental and not yet cannibalistic to general purpose server demand," Woodring wrote. "When we then consider the Gen AI story is still in its infancy - with demand outstripping supply - we believe AI servers can remain a model tailwind for years to come." Along with the AI story, Morgan Stanley views stabilizing hardware spending and better cost management and execution as key to Dell's upside from here. DELL YTD mountain Dell shares have gained about 40% in 2023 A potential S & P 500 inclusion should also benefit Dell and expand the investor base for shares, Woodring added.

Persons: Morgan Stanley, Erik Woodring, Dell, Woodring, Toni Sacconaghi, Michael Bloom Organizations: Dell Technologies, Apple, Dell, HP, DELL

☆ Tesla tanks despite second-quarter earnings beat. Here's how to play the stock
▼ + stars: | 2023-07-20 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla tanks despite second-quarter earnings beat. Here's how to play the stockJim Cramer, Dan Ives of Wedbush Securities and Toni Sacconaghi of Bernstein discussed Tesla after shares fell despite reporting their best-ever quarterly revenue and a 2Q earnings beat.

Persons: Jim Cramer, Dan Ives, Toni Sacconaghi, Bernstein, Tesla Organizations: Wedbush Securities

☆ Tesla's limited product line makes pricing power key to growth, says Bernstein's Toni Sacconaghi
▼ + stars: | 2023-07-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's limited product line makes pricing power key to growth, says Bernstein's Toni SacconaghiBernstein's Toni Sacconaghi joins 'The Exchange' to discuss Tesla facing margin pressure due to price cuts, limitations of Tesla's vehicle catalog, and Tesla's pursuit of volume growth.

Persons: Bernstein's Toni Sacconaghi Bernstein's Toni Sacconaghi

Search resuls for: "Toni Sacconaghi"

25 mentions found