WSB Hot Discussion | Analysts are divided, with Tesla's highest target price at 320 and the lowest at only 120

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2024.03.28 09:15
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Bernstein: Lowered Tesla's target price to $120. Morgan Stanley: Maintained target price at $320

NVIDIA is the hottest, dropping over 5% for two consecutive days. Semiconductor companies are diverging, with TSMC down 1.5%, Broadcom down 1%, Intel up 4%, NXP Semiconductors and LSCC up over 2%, and AMD up nearly 1%.

In terms of new stocks, Trump concept stocks continue to be on the list, with DWAC (DJT) rising 14% overnight but not breaking a new high, while RUM fell. Both are highly speculative and volatile. Reddit and ALAB both saw a slight decline, with their stock prices doubling in just a few days of listing.

Apple ranks fourth in popularity, surging 2% overnight. The 35th Worldwide Developers Conference (WWDC) by Apple will be held online from June 10th to 14th. News suggests that Apple is intensifying efforts to launch subscription services in China, such as Apple TV+ and Apple Arcade games. Research firm Canalys stated that Apple is expected to release the M4 series chips in the first quarter of 2025, focusing on AI functions.

Cruise stock CCL ranks fifth in popularity, opening low and rising, with an amplitude of nearly 9%. The company reported quarterly sales of $5.406 billion, 1.22% lower than analysts' consensus estimate of $5.473 billion. However, this is a 21.98% increase from the $4.432 billion in sales in the same period last year. Macquarie adjusted the target price: $22 → $24.

Tesla ranks ninth in popularity, rising over 1% overnight, continuing its rebound trend. Analysts' views on Tesla are very divided, with the highest target price at $320 and the lowest at only $120, a difference of up to $200.

Bernstein analysts lowered Tesla's target stock price from $150 to $120, implying a 33% downside from Wednesday's closing price.

However, Morgan Stanley maintains Tesla's target price at $320 and a "buy" rating. Morgan Stanley believes that Tesla's cooperation with CATL may "change the game," bringing new momentum to the U.S. electric vehicle market.

Some analysts' target prices are as follows:

Blockchain concept stock MSTR rose slightly overnight by 2% and continued to rise by 3% pre-market, hitting a new historical high again. It rose 3.4 times last year and more than doubled so far this year, with BTC maintaining its high level of $70,000:

MARA rose over 8% overnight, RIOT slightly rose, while COIN fell over 3%.

Source: apewisdom, most discussed stocks in the past 24 hours Note:

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