Welcome to Extreme Investor Network, where we provide you with valuable insights and analysis to help you make informed investment decisions. Today, we are covering the latest analyst calls and Wall Street chatter that are impacting the market.
One of the highlights from Wednesday’s analyst chatter includes Morgan Stanley raising its price target on Nvidia, predicting a more than 15% upside potential for the stock. Analyst Joseph Moore cited strong pricing and robust orders for Nvidia’s semiconductors as key factors driving the growth of the company’s Data Center business over the next 5 years.
In contrast, Jefferies lowered its price target on Tesla, citing “self-inflicted” wounds and shifting product priorities as potential challenges for the electric vehicle maker. Analyst Philippe Houchois expressed concerns about production issues and declining demand for electric vehicles, leading to a decrease in Tesla’s stock price.
On a more positive note, Barclays initiated coverage of Chevron with an overweight rating, setting a price target of $203, indicating a 25% potential upside. Analyst Betty Jiang highlighted Chevron’s balanced portfolio, potential cash return post-Hess deal, and contribution to the renewable energy transition as catalysts for the stock.
Additionally, KeyBanc upgraded GoodRx to overweight, foreseeing room for subscription growth driven by an expanding subscriber base. The firm raised its price target to $9, reflecting a 34% potential upside. Analyst Scott Schoenhaus pointed out increased app downloads, customer growth, and the rollout of a new Publix membership as factors supporting GoodRx’s outlook.
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