Goldman Sachs said in its initiation of the stock that it sees a "long-term secular growth" story in electric vehicle companies.
"We expect 2020 fundamentals to be very challenging cyclically. While we believe that the companies are generally much better positioned in terms of balance sheets and cash flow than the 2008/2009 downturn, we see broad-based downside to Street estimates for 2020. We therefore suggest that investors be selective with the group and own stocks that we expect to benefit from key long-term secular growth areas like EVs and are now more reasonably valued on an absolute basis.
Pivotal raised its price target on Netflix to a Street high and said the company is cementing its position as the dominant streaming service during the coronavirus pandemic.global subscriber forecasts materially on likely higher gross subscribers and lower subscriber churn boosted by global consumer "stay at home" orders around COVID-19, which combined with an increase in our terminal year target EBITDA multiple led to a $65 increase in our YE'20 target price to a Street high $490.
Pro No tesla will not outperform for 2nd Qtr. .
Pro They didn't even drop! Wanna pay 300X multiples in a depression? Sure go ahead! I'll watch you do it!
Pro Enjoy!
Pro Car sales are falling flat ! And they advise to buy. Sounds like a desperated move to me.
Pro TSLA NFLX ZM SQ NVDA AAPL
Pro Tesla? Who the hell is buying a Tesla right now?
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:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Analysts are bullish on stocks like Tesla, Netflix and Zoom as earnings season gets underwayNew for subscribers: Analysts are bullish on stocks like Tesla, Netflix and Zoom as earnings season gets underway Check out CNBCPro for a free trial. Pro B of A raised its price target on Netflix to $460 from $426. Pro New dotcom bubble, good idea.
Source: CNBC - 🏆 12. / 72 Read more »
Stock market live updates: Futures fall, earnings worse than expected, Goldman a Tesla bullStocks were set to open lower on Wednesdsay as earnings season gets into full gear, giving investors a picture at the coronavirus-induced damage. Earnings worse then expected. LOL. Amazing anything is happening with this unprecedented locking up of humans. How have we not baked in abysmal performance by almost every company outside the walmarts, amazons etc where people need items to survive. Joke.
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves midday: Amazon, Roku, Tesla, JPMorgan and moreThese are the stocks posting the largest moves in midday trading. Apple is all the way back to 285. It was under 220 a few weeks ago. Its going to fly in the 4th quarter Stock market is pretty much making a joke out of 'the economy' as we know it
Source: CNBC - 🏆 12. / 72 Read more »
Stocks making the biggest moves in the premarket: JPMorgan, J&J, Roku, Apple, Disney, Tesla & moreThe stocks making the biggest moves in premarket trading include JPMorgan, J&J, Roku, Apple, Disney, Tesla, and more. Trump said 'I have power to open economy' stocks respond CommonSense COVID19 ForThePeople CoronaLockdown Katie Porter will be the next Vice President of the United States of America. And next election cycle she will be the first Female President of the United States. BIDENPORTER2020 RepKatiePorter
Source: CNBC - 🏆 12. / 72 Read more »