With the earnings season about to kick into higher gear, analysts are taking hard looks at their models and adjusting ratings. UBS cuts Tesla to sell.
With the earnings season about to kick into higher gear, analysts are taking hard looks at their models and adjusting ratings. UBS said Friday that Tesla's stock, which has been on a strong run, has climbed too far, too fast and downgrades shares to sell from neutral. But Mizuho expects things will play out differently, and instead raises its price target on the electric vehicle maker, citing challenges with its robotaxis.
Looking at the full year, he said the company's outlook for revenue growth, operating income margin and free cash flow could have upside. That's due to strength from price increases, subscriber growth and cost discipline, the analyst said. On the content front, Anmuth said to expect more of a push into live sports over time. Netflix shares rose marginally before the bell on Friday. Anmuth's call comes amid a strong period for shares, with the stock surging more than 34% in 2024.
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