Rating Quick Look | Tesla, Asml target prices slashed significantly! Intel receives positive outlook

Barclays: Lower Tesla's target price from $225 to $180

The bank expects Tesla's first-quarter performance to be lower than expected, especially in terms of gross margin, which may disappoint investors. The news of Musk turning to Robotaxi may not necessarily win investors' favor, and it has had a significantly negative impact on Tesla's investment thesis, bringing great uncertainty to the company's future.

Citi: Initiates a 30-day upward catalyst observation on Intel, target price $40

The bank pointed out that Intel's stock price has fallen by about 29% since the beginning of the year, attributing it to losses in the foundry business, which has led to negative market sentiment affecting the stock price.

Laptop sales data increased by 44% month-on-month last month. Citi stated that Intel generates over 30% of its revenue from laptop CPUs, and expects positive data to be a bullish factor that could drive the stock price higher. The bank anticipates that Intel's stock price will rise.

J.P. Morgan: Lower ASML's target price from $1196 to $1172

UBS: Raises Ctrip Group's target price from $52 to $57, maintains "buy" rating

UBS pointed out that recent tourism market data shows that domestic and international travel activities have rebounded beyond expectations, especially during the Lunar New Year holiday period. With the increase in short-haul and leisure travel demand, the market momentum in March remains strong. The recovery in the international outbound travel market is also positive, with airline capacity restored to about 70% of pre-COVID levels.

In addition, UBS predicts that Ctrip's first-quarter revenue will increase by 29% year-on-year, with domestic business growing by 16.3% and outbound travel recovering to 80% of 2019 levels. The annual growth of the international platform Trip.com is expected to reach 50%. The first-quarter non-GAAP operating profit is expected to reach 3.3 billion RMB, with an operating profit margin of 27.5%, a 1 percentage point decrease from the same period last year, mainly due to marketing and promotional expenses returning to normal levels