Battleground stocks: Wall Street is most divided on these names

  • 📰 CNBC
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Analysts are becoming increasingly divided on names such as Tesla and IBM — names that have caused buzz but have begun to falter amid this year's market rally.

Stocks have been on a tear, but analysts can't agree on which names they like going forward. Analysts are becoming increasingly divided on names such as Tesla and International Business Machines — which have struggled recently despite the broader market rally. Other names that have skyrocketed in recent months — such as Coinbase and Robinhood — are also becoming more polarizing among analysts.

Tesla's fourth-quarter revenue and profit missed analysts' expectations as its automotive revenue increased just 1% from a year earlier. Software builder Palantir is another name that made the list, with 38% of analysts giving the stock a buy rating and 31% rating it a sell. The company, known for its defense and intelligence work with the U.S. government, has seen its share price skyrocket more than 38% this year, largely fueled by strong quarterly earnings and generative AI optimism.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Top Wall Street analysts recommend these 3 dividend stocksTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Target and Garmin
Source: NBCDFW - 🏆 288. / 63 Read more »

Top Wall Street analysts prefer these three stocks for the long haulTipRanks' analyst ranking service highlights Wall Street's best-performing stocks, including CrowdStrike and BJ's Wholesale Club.
Source: CNBC - 🏆 12. / 72 Read more »

Stock market today: Asian shares mostly rise after Wall Street's record rallyAsian shares are mostly rising, encouraged by a record rally on Wall Street. Benchmarks gained Wednesday in Sydney, Seoul and Hong Kong. Tokyo's Nikkei 225 lost morning gains to slip in afternoon trading. Also on investors' minds is the Japanese yen's rise against the U.S.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Global shares trade mixed despite Wall Street's record rallyGlobal shares are mixed in muted trading as optimism set off by a record rally on Wall Street gradually ran out of momentum.
Source: wjxt4 - 🏆 246. / 63 Read more »