Top Wall Street analysts are betting on stocks like Tesla and Uber for the third quarter

  • 📰 CNBC
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

We used TipRanks analyst ranking service to pinpoint Wall Street's best-performing analysts.

"We believe investors largely agree that Uber faces very large TAMs, has a leading competitive position, and benefits from an experienced management team" the analyst wrote in a July 2 report. The controversy for Uber is around profit potential following the largest loss profile of almost any initial public offering .

Looking ahead the analyst sees four key paths to profitability: 1) Better competitive dynamics leading to fewer subsidies; 2) long-term pricing power; 3) insurance leverage from a shift in business to non-ridesharing verticals and international; and 4) expense leverage as the company scales. Video game industry upside is being driven by mobile games, genre expansion , and esports . For Martin, eSports is a key upside driver and ATVI has now launched its second pro league, based on its Call of Duty game .

has just reiterated his buy rating on Tesla after the company reported stellar second quarter vehicle delivery and production numbers. TSLA announced total 2Q deliveries of 90,650, ahead of FactSet consensus of 68,380. Meanwhile total production came in at 82,272 with 6,326 ModelS/X and 75,946 Model 3/Y.

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 ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The federalreserve induced unicorn stampede leading the way to pain worldwide. Look at the trend in all unicorn stocks since march 25th. Many up 300% plus straight up right into a depression. EndTheFed

Duh.

I love both stocks. Lift is awesome also.

Tesla stocks have shown to grow in value steadily, and just recently they topped $1200. They might hit $2000 in a year.

Porsche SE is quite interesting. They own 53% of VW.

South Africa South Africa Latest News, South Africa South Africa Headlines