Top Wall Street Analysts Are Bullish on These Stocks Heading Into Earnings

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

TipRanks analyst ranking service pinpoints Wall Street’s best performing stocks, like Tesla and Amazon.

) is already considered the leading electric vehicle maker, the company is now going after market share from more established original equipment manufacturers. This means over the next two years it will be important to see where the firm stands relative to legacy automakers – and less so in comparison to smaller EV companies, according to Philippe Houchois of Jefferies.

The analyst is more concerned with Tesla's future ability to succeed in this manner. He believes that a ramp-up in production will be a main catalyst for the company. Indeed, with its new gigafactories in Austin and Berlin, the company is expected to add meaningful supply in February and April, respectively. The EV producer has seen its backlog of orders soar to considerable levels, causing Houchois to add that"filling that capacity is not a given" at the moment.

Further, the analyst wrote that Tesla has a"business model possibly set to generate cash faster than the ability to add product and capacity." Houchois is looking to Tesla's quarterly earnings results on Jan. 26. The firm may validate its strong profits and provide updates for Cybertruck or for a more affordable sedan model.

The analyst stands at No. 244 out of over 7,000 professional analysts. He maintains a success rate of 70% and has returned an average of 41.9% on his picks.

 

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:

 /  🏆 288. in CA

Canada Canada Latest News, Canada Canada Headlines

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

GE earnings: Wall Street analysts have lowered the beat bar, but investor expectations are now 'slightly elevated'General Electric Co. investors should expect a 'particularly noisy' earnings report for the industrial conglomerate's fourth quarter, which will be the first... I never thought of meeting a legit bitcoin trader after been scammed many times at my age but the heavens sent SamAndCoTradin guided me and help me make a living through bitcoin with my coinbase app, I recommend you to meet him now and also be a beneficiary of good work However, the oil price reached the highest since 2014. It was up so quick without fundamental support in COVID pandemic. It was done by someone and company at Wall Street on purpose. It is encouraging Russia's aggressive. Let's see how Biden can afford it.
Source: MarketWatch - 🏆 3. / 97 Read more »