Dan Ives Raises Tesla Price Target To $550, Sees ‘Golden Era’ For Elon Musk Under Trump, Sees Bull Case Upside Of Over 56% If Optimus Robot Counted In Valuation

/ / Consumer Discretionary /

Wedbush Securities analyst Dan Ives has raised Tesla Inc.’s (NASDAQ:TSLA) price target to $550, signaling growing confidence in the electric vehicle manufacturer’s demand and autonomous potential under President Donald Trump’s administration. What Happened: Ives characterized the emerging landscape as a “golden era” for CEO Elon Musk and Tesla heading into 2025. The price target increase comes amid complex market dynamics, including challenges in vehicle deliveries and potential policy changes. Tesla’s U.S. deliveries declined 5.6% in 2024 to 633,762 units, yet the company remains the dominant electric vehicle brand nationwide. Simultaneously, debates around Tesla’s future have intensified. Investor Gary Black cautioned against inflated expectations for the Optimus robot program, estimating it could add only $0.70 to earnings per share by 2027. Bank of America analyst John Murphy valued the Optimus segment between $14 billion and $95 billion, representing just 2% of Tesla’s total estimated value. We do not include Optimus yet in our valuation. Bull case is $650 — Dan […]

Dan Ives Raises Tesla Price Target To $550, Sees ‘Golden Era’ For Elon Musk Under Trump, Sees Bull Case Upside Of Over 56% If Optimus Robot Counted In Valuation Read Post »

Nvidia to Deliver Solid Q4 Results Amid ‘Overblown’ Investor Worries, UBS Says

/ / Technology /

Nvidia (NVDA) will likely post strong Q4 results and Q1 guidance as recent investor worries about a “near term ‘air-pocket’ are overblown,” UBS said in a note to clients emailed Tuesday. Nvidia has “essentially tread water since last earnings” amid supply chain concerns and worries surrounding the ramp of Blackwell server racks, the investment firm said. However, “Blackwell chipset/compute board yields have inflected higher, and mix in both FQ4 (Jan) and FQ1 (Apr) is shifting very rapidly to Blackwell and away from Hopper,” said UBS analysts including Timothy Arcuri. Also, Nvidia “recognizes revenue when ODMs/OEMs take title of compute boards and we believe that in many cases end customers like the big hyperscalers are using a buy and sell model to leverage ODMs or their suppliers’ working capital, and in some instances may be providing bridge financing for this inventory,” the note said. In addition, the main hardware issue has

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Alphabet Stock Has Tesla-Like Catalysts, and It’s on the Rise

/ / Technology /

Two leaders have emerged in autonomous-driving technology: Tesla and Alphabet. It’s helping both of their stocks. Tesla plans to launch a self-driving robotaxi service at the end of 2025. Alphabet’s self-driving robotaxi company Waymo already operates in four cities — Phoenix, Los Angeles, San Francisco, and Austin — completing more than 150,000 self-driving taxi rides a week. It plans to launch a robotaxi service in Atlanta in 2025. “We now model Waymo adding three cities in 2026 (Miami and two others), four in 2027, five in 2028, six in 2029, and seven in 2030,” wrote Morgan Stanley analyst Brian Nowak in a Monday evening report. He sees Waymo recording one billion self-driving miles by the end of the decade. Through September 2024, Waymo had driven about 33 million miles with a passenger, but no human driver, in the car. (Americans drive some 3 trillion miles annually.) Autonomous cars can give

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Qorvo Stock Rises on an Upgrade. How an Activist Could Boost Shares by 20%.

/ / Technology /

Qorvo stock could get a boost on the back of an activist’s involvement, Morgan Stanley analysts said as they upgraded shares of the chip maker to Overweight from Equal Weight. Shares of Qorvo climbed 4.1% to $87.66 as analysts led by Joseph Moore upgraded the stock and raised the price target to $106 from $90, suggesting a potential 22% upside. “We have seen value in QRVO stock, and have unsuccessfully tried to capture it a couple of times with upgrades that worked only modestly,” Moore wrote. The most recent catalyst for an upgrade came as Qorvo announced that Starboard Value, a New York-based hedge fund, had taken a 7.7% stake in the company, according to a filing on Friday. Qorvo’s core business centers on the design and production of radio frequency (RF) technologies for mobile, infrastructure, and the defense and aerospace markets. The company counts Apple among its biggest customers.

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Costco’s Union Is Ready to Strike. What Workers Are Asking For.

/ / Consumer Discretionary /

Close to 20,000 Costco Wholesale employees are poised to go on strike at the end of the month. The contract between the company and the union representing the workers, Costco Teamsters, expires Jan. 31. If an agreement isn’t reached by then, more than 18,000 union members across six states are prepared to go on strike, Costco Teamsters said. The strike authorization vote passed with an 85% margin, the union said. Costco Teamsters is asking the company to improve wages and benefits such as pensions and job security. A spokesman for the union declined to say how much of a wage increase workers were asking the company for, noting that negotiations were continuing and “fluid.” Costco’s average hourly rate was approximately $31 an hour at the close of the fiscal year ended Sept. 1, according to the company’s latest annual 10-k filing with the Securities and Exchange Commission. That is some

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Roku Stock Climbs on New Outperform Rating. Analysts See Room to Grow.

/ / Telecommunications /

While Roku has secured its position as the top streaming platform in the U.S., it still has further room to grow, JMP Securities analysts argued as they initiated coverage on the stock. Shares of the technology company jumped 7.3% to $81.42 as analysts led by Matthew Condon rated Roku at Outperform and set a price target of $95, suggesting a potential upside of 17%. The company offers an operating system as well as Roku-branded streaming devices. Its flagship Roku Channel provides a gateway to free, ad-supported television, or FAST TV. Condon noted Roku boasts the leading TV operating system in the U.S., while the The Roku Channel is the number-three app on its platform by streaming time, according to Nielsen data. The company surpassed 90 million global streaming households this month and is approaching coverage of half of all U.S. broadband households. Roku is enhancing integrations with third-party ad-buying platforms,

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Oracle, Nvidia and Other Big Tech Stocks Jump on Trump’s Stargate AI Initiative

/ / Technology /

President Trump is planning to announce major AI infrastructure investments, signaling a willingness to work alongside large technology companies Will the new presidential administration play nice with large technology companies? For now, it looks like there are some warm feelings – with President Donald Trump reportedly planning to announce a major investment in artificial-intelligence infrastructure, and OpenAI, SoftBank Group Corp. (JP:9984) (SFTBY) and Oracle Corp. (ORCL) planning to create a joint venture called Stargate that will be focused on data-center and other infrastructure projects. The companies reportedly plan to put $100 billion into the initiative to start, with plans to get that up to $500 billion over four years, according to CBS News. SoftBank has already pledged $100 billion over four years. Other companies yet to be named may join Stargate down the road. An industry source confirmed with MarketWatch the planned Stargate announcement and an event to take place

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Nvidia Poised for Strong Quarterly Results, UBS Says

/ / Technology /

Nvidia (NVDA) is likely to post strong fiscal fourth-quarter results, despite certain concerns that have lingered since its last quarterly report, UBS Securities said in a note e-mailed Tuesday. The chip-making giant is scheduled to report fourth-quarter results Feb. 26. In November, its third-quarter earnings more than doubled year over year as demand for generative artificial intelligence propelled revenue above Wall Street’s estimates. “(Nvidia) has essentially tread water since last earnings, in part due to supply chain noise and concerns around the ramp of Blackwell server racks,” UBS analysts Timothy Arcuri and Grant Joslin said. UBS projects Nvidia’s fourth-quarter adjusted earnings at $0.95 a share on revenue of $42.15 billion. The Street is looking for $0.84 and $37.97 billion, respectively, according to UBS. The brokerage sees revenue from the Blackwell gen AI system at about $9 billion, up from its prior outlook of $5 billion, with the potential to reach

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Microsoft’s Second-Quarter Revenue Showing Upside Potential, BofA Says

/ / Technology /

Microsoft’s (MSFT) cloud migration deals and contribution from artificial intelligence could help push fiscal second-quarter revenue above expectations, BofA Securities said on Tuesday. The brokerage reiterated a buy rating and $510 price target on the stock. The technology giant is scheduled to report second-quarter results on Jan. 29. Upside of up to 1% could be at play for BofA Securities’ revenue estimate of $68.6 billion, which implies year-over-year growth of about 10% at constant currencies, according to the research note. The consensus on FactSet is for revenue of $68.9 billion. Industry conversations suggested “solid, stable Azure activity led by cloud migration deals” and momentum within Microsoft 365’s AI-powered tool Copilot, according to analyst Brad Sills. The latter could spur upgrade cycles for Microsoft’s E3 and E5 enterprise plans, with companies needing to adopt necessary security features, he said. The momentum could drive 11% year-over-year growth in Microsoft’s productivity and business

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Netflix Raises U.S. Prices, Reports Jump in New Subscribers

/ / Consumer Discretionary /

Netflix is raising prices across its existing U.S. plans, aiming to capitalize on surging demand after the streaming service posted sharp subscriber gains in the fourth quarter. The company’s ad-supported tier will cost $7.99 a month, up from $6.99, while the cost of the premium tier is increasing by $2, to $24.99. Netflix said Tuesday that it brought in 18.9 million new subscribers in the fourth quarter, a 44% jump from a year earlier, and raised its 2025 revenue guidance slightly. The company reported revenue of $10.25 billion for the latest quarter, beating its own projection of $10.1 billion. In the fall, the streamer raised prices in Italy and Spain, and on Tuesday Netflix said it would raise prices on most of its plans in the U.S., Canada, Argentina and Portugal. Netflix last raised prices in the U.S. in October 2023. Netflix increased its annual revenue projection to between $43.5

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Netflix Beats Earnings. The Stock Is Rising

/ / Consumer Discretionary /

Netflix reported better-than-expected earnings results Tuesday afternoon. Its shares rose in after-hours trading. The streaming video provider reported fourth-quarter earnings per share of $4.27, compared to Wall Street’s consensus estimate of $4.21, according to FactSet. Revenue for the quarter reached $10.25 billion, which was above analysts’ expectations of $10.1 billion. Netflix stock rose as much as 10% in late trading following the release. This is breaking news. Read a preview of Netflix earnings below and check back for more analysis soon. Wall Street is expecting strong results from Netflix, reasoning that a robust slate of recent original shows and live events has encouraged people to sign up. For the fourth quarter, the analyst consensus is for the company to report revenue of $10.1 billion with earnings per share of $4.21. The Street has penciled in a net gain of 9.8 million paid subscriptions. Analysts expect EPS of $5.97 and $10.5

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Netflix Crushes Subscriber Expectations While Cheering Success in Sports

/ / Consumer Discretionary /

Netflix earnings showed the that company hauled in nearly double the amount of new members that Wall Street was expecting for the fourth quarter Netflix Inc. trounced Wall Street’s subscriber expectations for the holiday quarter – just as it prepares to do away with the metric. The company reported 18.9 million paid net additions for the fourth quarter. Analysts tracked by FactSet were anticipating 9.77 million. Netflix (NFLX) called out success in live programming, including with its Jake Paul-Mike Tyson boxing match and NFL Christmas slate. “Although our live programming will likely be a small percentage of our total view hours and content expense, we think the eventized nature will result in outsized value to both our members and our business.” This is breaking news. Check back for updates. The following is a preview published before earnings were released. It’s the end of an era for Netflix, which has said

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