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Analysts Reset Price Targets for Tesla, Google, Apple, ...
2024-07-26 14:59:09
Stocks
Tech
Artificial Intelligence

Analysts Reset Price Targets for Tesla, Google, Apple, Palantir, Seagate, Amazon

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Analysts have been busy revising price targets for several major tech companies after their latest earnings reports. Tesla's Q2 earnings missed expectations, leading to revised targets as analysts weigh the long-term potential of the company's autonomy, energy storage, and zero emission vehicle income.

Google's parent company, Alphabet, reported strong Q2 earnings, but concerns over AI-driven capital spending led to mixed views on its stock. Apple is developing a foldable iPhone and plans to integrate AI-powered tasks into its ecosystem, prompting analysts to adjust price targets ahead of earnings.

Palantir's stock maintained a year-to-date gain despite a 1.95% dip, while Seagate saw its targets raised due to HDD technology leadership and AI-related deployments. Finally, Amazon's successful Prime Day and advertising revenue growth led to adjusted price targets.

Overall, analysts are closely monitoring these tech giants as they navigate the evolving landscape of AI and emerging technologies.

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The press radar on this topic:

The Street
26. Juli 2024 um 00:46

Analysts race to reset Tesla stock price targets after earnings TheStreet Daily Newsletter

Finance
Economy
Technology
Tesla's Q2 earnings missed expectations, with profits down 43% due to EV price war, rising costs, and a low gross margin. Analysts revised price targets, with some maintaining bullish views on Tesla's long-term potential in autonomy, energy storage, and zero emission vehicle income. Tesla delayed its Robotaxi Day event to October and emphasized the importance of AI to its future.
The Street
29. Juli 2024 um 16:45

Top analyst defends Tesla stock price target despite earnings slump TheStreet Daily Newsletter

Finance
Technology
Environment
Tesla's Optimus robotics unit, energy storage business, booming AI infrastructure assets, ambition for full self-driving software to its global EV fleet of nearly 7 million vehicles, plan for a new, lower-priced model by H1 2024, and likely capital spending rise to around $10 billion this year are key value drivers beyond its core carmaking.
Yahoo Finance
26. Juli 2024 um 13:54

Tesla Stock Gets Four Downgrades This Week After Lackluster Earnings | Investor's Business Daily

Finance
Economy
Technology
Tesla stock ranks 3rd in 35-member IBD Auto Manufacturers group; has 70 Composite Rating, 75 Relative Strength Rating, 60 EPS Rating.
The Street
26. Juli 2024 um 11:46

Analysts reset Google parent stock price targets after Q2 earnings TheStreet Daily Newsletter

Economy
Technology
Finance
Alphabet reported Q2 earnings, with strong cloud division growth and 14% growth in core search business, but concerns over accelerating AI-driven capital spending, which reached $25 billion in the first half and is estimated to reach $50 billion annually. JMP Securities analyst Andrew Boone noted AI benefits driving higher user engagement and better return on ad spend, while Wedbush analyst Scott Devitt highlighted the potential of generative AI overviews in Search. CFRA analyst Angelo Zino no..
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