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Fly News Breaks for January 24, 2020
TSLA
Jan 24, 2020 | 07:58 EDT
JPMorgan analyst Ryan Brinkman urges "extreme caution" on shares of Tesla following the stock's recent run. The analyst now sees 58% downside risk relative to his unchanged price target of $240. The stock closed Thursday up $2.64 to $572.20. He keeps an Underweight rating on Tesla. Better deliveries, better earnings, and on-time start of production in China seem the likeliest catalysts for the recent rally, but a closer look suggests "less enthusiasm may be warranted," Brinkman tells investors in a research note. The analyst wonders if the strong close to 2019 could set the company up for a more challenging start to 2020.
News For TSLA From the Last 2 Days
TSLA
Feb 19, 2020 | 09:37 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. BERNSTEIN UPGRADES NVIDIA... To see the rest of the story go to thefly.com. See Story Here
TSLA
Feb 19, 2020 | 08:59 EST
HIGHER: Tesla (TSLA), up 7% after Piper Sandler analyst Alexander Potter raised the firm's price target on the stock to $928 from $729 and keeps an Overweight rating on the shares. The analyst says that in order to gauge Tesla's chances of success at storing one's own solar power, he recently installed a solar system to use for charging a Model X... Bed Bath and Beyond (BBBY), up 6% after announcing its FY20 capital allocation strategy, which will include an estimated $1B of spend balanced across capital return to shareholders, debt reduction and reinvestment in the company's core business operations to drive growth. UP AFTER EARNINGS: Dish (DISH), up 2%... Garmin (GRMN), up 9%... Enphase Energy (ENPH), up 14%. DOWN AFTER EARNINGS: NOW inc. (DNOW), down 8%... Scientific Games (SGMS), down 12%... Groupon (GRPN), down 29%. ALSO LOWER: Ally Financial (ALLY), down 10% after announcing that an agreement to acquire CardWorks in a transaction valued at approximately $2.65B... Blue Apron (APRN), down 10% after reporting Q4 earnings and announcing it will evaluate its strategic alternatives.
TSLA
Feb 19, 2020 | 08:55 EST
Tuesday's total option volume of 24.5 million contracts resulted in net open interest growth of 3.60 million calls and 3.23 million puts. Apple (AAPL), Tesla (TSLA), Virgin Galactic (SPCE) and Advanced Micro (AMD) saw the greatest growth. Top five new positions opened include 41k Teva (TEVA) Apr-20 10 puts, 25k Bristol Myers Squibb (BMY) Mar-20 67.5 calls, 25k Bristol Myers Squibb (BMY) Mar-20 67.5 puts, 22k Medtronic (MDT) Apr-20 125 calls and 20k Teva (TEVA) Apr-20 11 puts.
TSLA
Feb 19, 2020 | 06:10 EST
Piper Sandler analyst Alexander Potter raised the firm's price target on Tesla to $928 from $729 and keeps an Overweight rating on the shares. The stock closed Tuesday up $58.37 to $858.40. The analyst says that in order to gauge Tesla's chances of success at storing one's own solar power, he recently installed a solar system to use for charging a Model X. It's easy to forget that Tesla sells batteries and solar power products as the segment was only 6% of sales in 2019, Potter tells investors in a research note. Management says that the solar and storage business will one day rival the automotive segment, and if this is true, "then investors will eventually need to pay attention," contends the analyst. With 5M new rooftops installed annually in the U.S., Potter estimates addressable market for Tesla's integrated solar roof is $165B per year. Adding two Powerwalls to each new solar roof would boost the market size by $70B per year, he adds. After logging 53,448 miles on a Model X, the analyst is "convinced that Tesla's automotive products offer a superior ownership experience." Potter goes on, "If history is any indication, we'll eventually be saying something similar about generating and storing our own solar power." The analyst says his new price target on partially capture Tesla's solar and storage opportunity in his 20-year discounted cash flow model.
TSLA
Feb 18, 2020 | 20:00 EST
Tesla's (TSLA) Model 3 holds its value within the first year more than twice better than its nearest competitor on that scale - Ford (F) Ranger - among autos sold in the U.S., CleanTechnica's Johnna Crider reports. According to data from iSeeCars, Tesla Model 3 depreciates at 5.5% after a year vs. 11.4% for Ford Ranger and 20.1% U.S. average, the report states. Reference Link
TSLA
Feb 18, 2020 | 10:33 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. TESLA TARGETS RAISED... To see the rest of the story go to thefly.com. See Story Here
TSLA
Feb 18, 2020 | 08:55 EST
Morgan Stanley analyst Adam Jonas raised his price target on Tesla shares to $500 from $360 and raised his "bull case" price to $1,200 from $650 to reflect a scenario where the company achieves 4 million units of auto volume by 2030 with a 12% operating margin. This compares to his base case scenario, wherein Tesla achieves 2.2 million units and a 10% operating margin by 2030, Jonas noted. The analyst, who believes investors should expect "a very challenging" first quarter, said his "bull case" is based on "aggressive unit volume outcomes that may push the limits of both demand and capacity to supply." Jonas reiterates his Underweight rating on Tesla shares.
TSLA
Feb 18, 2020 | 06:59 EST
Bernstein analyst Toni Sacconaghi said he has been grappling with how to think about valuation for Tesla (TSLA) as the stock has tripled over the last 4 months and doubled in the last 3 weeks, like many others. While Tesla's share price implies that the company will become equal to bigger in size and more profitable than VW (VWAGY) over time, Tesla "is the ultimate 'possibility' stock" and it can be argued that the stock is "not unprecedentedly expensive," said Sacconaghi. One such precedent for Tesla's meteoric appreciation "is Tesla itself in 2013, and notably its stock did not collapse falling its huge appreciation," added the analyst, who raised his price target on Tesla shares to $730 from $325 and keeps a Market Perform rating on the stock.