Latest news with #BenKallo
Business Insider
7 days ago
- Business
- Business Insider
What's Next for MP Materials Stock (MP) After Apple's Blockbuster Deal?
U.S.-based MP Materials (MP) is back in the investor spotlight after Apple (AAPL) announced a blockbuster deal to invest $500 million in the rare earth firm to strengthen the tech giant's U.S. supply chain. The news sent MP stock soaring nearly 20% on Tuesday, pushing it to a new all-time high. Beyond the excitement of the Apple deal, investors are now questioning whether the rally in MP Materials stock can continue. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Notably, MP Materials owns the only rare earth mine in the U.S., located at Mountain Pass, California, and runs a magnet production facility in Fort Worth, Texas. The company's new venture into recycling may unlock fresh growth potential for investors. Overall, Wall Street analysts have praised MP Materials' recent deal with Apple and remain strongly bullish on the stock. However, given the sharp rally in MP shares this year, they see limited upside in the near term. Year-to-date, MP stock has soared more than 270%. What's Happening with MP Stock? MP Materials stock has surged this year, driven by rising demand for rare earths and strong backing from President Trump's push to boost domestic production and cut U.S. dependence on China. Adding to the momentum, the U.S. Department of Defense recently agreed to take a direct equity stake in MP Materials, making it the company's largest shareholder. Under the latest deal, Apple will purchase rare earth magnets made at MP Materials' plant in Texas. The two companies will also build a new recycling facility in California. MP plans to begin shipping the magnets in 2027. For context, rare earth magnets are used in smartphones, electric vehicles, wind turbines, and defense systems. Wall Street Applauds MP-Apple Deal TD Cowen stated that MP's deal with Apple is a strong example of future growth potential. The firm noted that the deal uses up most of the production capacity at MP's Texas facility. As the company starts recycling rare earth magnets, it will benefit from securing more heavy rare earth elements, which are essential for making powerful magnets. TD Cowen maintains a Buy rating on MP stock with a $55 price target. Likewise, Baird analyst Ben Kallo calls the deal a major new catalyst for MP, following its recent partnership with the U.S. Department of Defense. He notes that Apple will be the first big customer for MP's recycling business, which could grow in importance. The deal happened sooner than expected and is a positive sign for strong magnet demand and full use of MP's production capacity. Is MP Materials a Good Stock to Buy? According to TipRanks, MP stock has received a Strong Buy consensus rating, with six Buys and two Holds assigned in the last three months. The average MP Materials stock price target is $43.17, suggesting a potential downside of 26% from the current level.
Globe and Mail
01-07-2025
- Automotive
- Globe and Mail
Barclays Sticks to Their Hold Rating for Tesla (TSLA)
Barclays analyst Dan Levy maintained a Hold rating on Tesla (TSLA – Research Report) today and set a price target of $275.00. The company's shares closed last Friday at $323.63. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Levy covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Autoliv, and Dana Incorporated. According to TipRanks, Levy has an average return of -4.0% and a 34.40% success rate on recommended stocks. In addition to Barclays, Tesla also received a Hold from Robert W. Baird's Ben Kallo in a report issued on June 25. However, on June 27, TD Cowen maintained a Buy rating on Tesla (NASDAQ: TSLA). See Insiders' Hot Stocks on TipRanks >> Based on Tesla's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $19.34 billion and a net profit of $409 million. In comparison, last year the company earned a revenue of $21.3 billion and had a net profit of $1.13 billion Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Xiaotong Zhu, the SVP, APAC of TSLA sold 15,000.00 shares for a total of $4,857,000.00.
Yahoo
28-06-2025
- Business
- Yahoo
With QS Stock Up 83% in a Month, Analysts Flag Key Risks for QuantumScape
QuantumScape (QS) shares have been on a tear this week after the battery maker successfully integrated its advanced Cobra separator process into baseline cell production. While that marks a significant milestone for the San Jose-headquartered firm, Baird recommends that investors tread with caution on QS shares since they remain entangled in several risks. Dear Nvidia Stock Fans, Watch This Event Today Closely 3 ETFs Offering Juicy Dividend Yields of 15% or Higher AMD Stock Is in the 'Middle of a Historic Run.' Is It Too Late to Buy Shares Here? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Including recent gains, QuantumScape stock is up nearly 100% versus its year-to-date low. Baird's senior analyst Ben Kallo believes that QS shares may have overreacted to the Cobra news this week and, therefore, run the risk of losing their gains and returning to their early June levels in the coming sessions. Kallo recommends against chasing the rally in this battery stock partly because QuantumScape is a pre-revenue company, indicating heightened uncertainty, execution risks, and vulnerability to sentiment-driven volatility. 'We seek additional details on the go-to-market strategy before becoming more constructive' on QuantumScape stock, the analyst added in his research note. Baird maintained its 'Neutral' rating on QuantumScape stock this morning with a price target of $6 indicating potential downside of nearly 15% from current levels. According to Ben Kallo, a slower production ramp could stand in the way of the company managing to sustain its recent gains as well. Moreover, QS shares remain unattractive also because the battery-maker is narrowing its loss at a rather unimpressive pace. In Q1, the NYSE-listed firm lost $114.4 million on a GAAP basis – down less than 5% on a year-over-year basis. Kallo's call on QuantumScape arrives only days after his peers at William Blair also downplayed its Cobra milestone, saying it was a well-telegraphed development and not a pleasant surprise for investors. Wall Street's consensus 'Hold' rating on QuantumScape stock at writing is also not impressive. Analysts currently have mean target of $4.79 on QS shares, which signals potential downside of more than 30% from here. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Globe and Mail
28-06-2025
- Business
- Globe and Mail
Robert W. Baird Keeps Their Hold Rating on Tesla (TSLA)
In a report released today, Ben Kallo from Robert W. Baird reiterated a Hold rating on Tesla (TSLA – Research Report), with a price target of $320.00. The company's shares opened today at $342.70. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Kallo is an analyst with an average return of -1.6% and a 43.26% success rate. Kallo covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Rivian Automotive, and QuantumScape. Tesla has an analyst consensus of Hold, with a price target consensus of $287.00, which is a -16.25% downside from current levels. In a report released on June 20, Barclays also maintained a Hold rating on the stock with a $275.00 price target. TSLA market cap is currently $1121.5B and has a P/E ratio of 187.24. Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Xiaotong Zhu, the SVP, APAC of TSLA sold 15,000.00 shares for a total of $4,857,000.00.
Yahoo
15-06-2025
- Automotive
- Yahoo
Baird Lowers Tesla (TSLA) to Hold, Citing Valuation and Robotaxi Risk
Tesla Inc. (NASDAQ:TSLA) is one of the 10 best tech stocks to buy according to billionaires right now. On June 9, Ben Kallo of Robert W. Baird downgraded Tesla from Buy to Hold mainly on valuation concerns, while keeping his price target unchanged at $320. In his view, much of the recent upside in the stock, up over 20% since Q1 earnings, has already factored in the excitement around Tesla's planned robotaxi service and the prospect of a lower-cost electric vehicle. Hadrian / Kallo cited two key areas of concern behind the downgrade. First, he flagged elevated market expectations ahead of Tesla's upcoming robotaxi event, which he believes could be difficult to meet. Second, he raised questions around 'key-man' risk, pointing to ongoing uncertainty tied to CEO Elon Musk's central role in the company's strategic direction. While Musk has resigned from the Department of Government Efficiency (DOGE), it may still take time for him to recoup investor confidence. While Kallo still considers Tesla a core long-term holding, he expressed skepticism about the near-term ramp-up of the robotaxi program, describing current projections as potentially too ambitious. He also noted that Elon Musk's political affiliations, particularly his perceived alignment with former President Trump, could introduce additional headline and regulatory risk moving forward. Tesla Inc. (NASDAQ:TSLA) is an EV manufacturer and clean energy company known for its innovative approach to sustainable transportation and energy solutions. It designs, manufactures, and sells electric vehicles, battery energy storage systems, solar products, and related services. It currently manufactures five different consumer vehicles: the Model 3, Y, S, X, and the Cybertruck. While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
