Latest news with #Benchmark
Business Insider
11 hours ago
- Business
- Business Insider
Core Natural Resources management to meet virtually with Benchmark
Virtual Meeting to be held on June 30 at 2 pm hosted by Benchmark. 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 Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Business Insider
11 hours ago
- Automotive
- Business Insider
Benchmark Reaffirms Tesla (TSLA) Stock as ‘Top Pick,' Hikes Price Target on Robotaxi Optimism
Impressed with Tesla's (TSLA) robotaxi launch, Benchmark boosted the price target for the electric vehicle (EV) maker to $475 from $350 while maintaining a Buy rating. Also, Benchmark reaffirmed its 'Top Pick' status on TSLA stock, noting the 'successful launch' of the company's robotaxi service in Austin. The new price target indicates about a 46% upside potential from current levels and is based on a valuation of 53.9x 2028 EBITDA estimate, reflecting a premium to tech peers trading at 27.1x. Confident Investing Starts Here: TSLA stock is down more than 19% year-to-date due to concerns over weak demand amid intense competition and macroeconomic challenges. Benchmark Analyst Is Optimistic About Tesla's Robotaxi Benchmark analyst Michael Legg believes that while limited, Tesla's robotaxi launch in Austin reflected 'a controlled and safety-first approach.' The 4-star analyst added that impressing regulators and gaining a favorable public opinion are crucial, as they will enable the company to rapidly scale up its robotaxi service. Legg noted that new regulations for autonomous vehicles (AVs) are scheduled to take effect on September 1 in Texas, which he believes will further help win trust and drive expansion to additional cities. Legg contended that while Alphabet's (GOOGL) Waymo has a lead in the autonomous ride-hailing market, with operations in four cities and around 250,000 weekly rides, Tesla's approach is more scalable. He also pointed out the higher cost of Waymo's vehicles compared to Tesla's Model Y. The analyst highlighted that Tesla ended Q1 2025 with $37 billion in cash and generated over $600 million in free cash flow, which establishes that the EV maker has 'plenty of fresh powder' to invest in growth opportunities. Overall, Legg is bullish on Tesla's prospects and thinks that the Elon Musk-led company is 'undergoing an evolution from a trailblazing vehicle OEM [original equipment manufacturer] to a high-tech automation and robotics company with unmatched domestic manufacturing scale.' Expectations from Tesla's Q2 Deliveries Several Wall Street analysts have recently expressed concerns about Tesla missing Q2 deliveries expectations. However, Legg believes that the expected decline in TSLA's Q2 deliveries is priced into the stock. He added that a rebound is expected in the second half of 2025. Meanwhile, RBC Capital analyst Tom Narayan expects Tesla to deliver 366,000 vehicles in Q2, below the FactSet consensus of around 390,000 EVs. The 4-star analyst expects Q2 deliveries to increase sequentially due to the availability of the refreshed Model Y and plants operating at greater capacity. Narayan has a Buy rating on Tesla stock with a price target of $307. Is Tesla Stock a Buy or Sell? Wall Street has a Hold consensus rating on Tesla stock based on 14 Buys, 12 Holds, and nine Sell recommendations. The average TSLA stock price target of $291.31 indicates 10.6% downside risk from current levels.
Yahoo
a day ago
- Automotive
- Yahoo
Tesla Named 'Top Pick' After Robotaxi Launch; Analysts Predict 45% Upside
June 27 - Benchmark analysts have reaffirmed Tesla (NASDAQ:TSLA) as its Top Pick and lifted its price target to $475 from $350, reflecting growing confidence in the electric vehicle maker's robotaxi rollout. The higher target implies an upside of about 46% from current levels. Analysts said the new valuation is based on Tesla's long-term earnings potential, with the firm assigning a multiple of 53.9 times its projected 2028 EBITDA, well above tech sector peers. Benchmark's optimism follows Tesla's limited launch of its autonomous ride-hailing service in Austin, Texas. The firm said the company's safety-first approach could help build public and regulatory trust, especially with new state regulations on autonomous vehicles set to take effect Sept. 1. While Alphabet's (NASDAQ:GOOGL) Waymo may currently lead in autonomous rides, Benchmark argues Tesla's strategy could prove more scalable, thanks in part to its cost-effective Model Y. Tesla ended Q1 with $37 billion in cash and $600 million in free cash flow, providing ample resources for growth. Although TSLA shares remain down over 19% year-to-date, Benchmark expects improvement in the second half of 2025. The firm sees the company evolving from a traditional EV maker to a broader automation and robotics player. Tesla's Q2 delivery results will be closely watched in the coming weeks. This article first appeared on GuruFocus.
Yahoo
2 days ago
- Business
- Yahoo
Why Indie Semiconductor Rallied This Week
Indie got a big analyst upgrade this week. Recent results don't show all of the goodness this analyst thinks is coming in the future, given recent customer wins. Indie is a rare small-cap semi stock that has a lot of upside if things work out. 10 stocks we like better than Indie Semiconductor › Shares of Indie Semiconductor (NASDAQ: INDI) rallied this week, up 17.7% as of 12:21 p.m. ET on Thursday, according to data from S&P Global Market Intelligence. Small-cap stocks often have larger potential upside than their larger-cap peers, merely because of their size and room to grow. The flip side is that they often carry higher risk. At first glance, Indie's results don't look so special. But one Wall Street analyst sees big things in the future stemming from recent customer wins. On Wednesday this week, sell-side analyst Cody Acree of the firm Benchmark wrote a positive note on Indie, while increasing his price target on the stock to $8, from $6. Indie makes specialty chips for automotive vehicles, mostly in advanced driver assist (ADAS) technologies, and also for fast-charging and infotainment applications. As the auto sector has slowed down over the past couple of years, Indie's revenue has slowed, and the company has continued to be unprofitable. However, Acree sees much better things in the future, pointing to Indie's "differentiated technology, robust design win pipeline, aggressive operational efficiency initiatives, and strategic positioning across global markets (including China)." The new $8 price target is a bit more than 100% upside from today's stock price of $3.73. But before you dismiss that target as overly optimistic, keep in mind that Indie's all-time high is $16.33, realized at the height of the pandemic in 2021. Investing in chip stocks is difficult, with small-cap chip stocks being even more so. The sector is highly cyclical, and chip stock prices tend to move higher or lower often before results show up in financial statements. It appears Acree has assessed Indie's technology, and sees an upcoming recovery in the beaten-down auto industrial chip market. Aggressive, risk-on investors interested in semiconductors may therefore want to take a look at Indie. Before you buy stock in Indie Semiconductor, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Indie Semiconductor wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $687,731!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $945,846!* Now, it's worth noting Stock Advisor's total average return is 818% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Indie Semiconductor Rallied This Week was originally published by The Motley Fool
Time of India
2 days ago
- Health
- Time of India
INI CET 2025: Round 1 seat allocation result released at aiimsexams.ac.in
The All India Institute of Medical Sciences (AIIMS) has published the INI CET 2025 round 1 seat allotment result for the July session. Candidates who took part in the counselling process can now access the result on the official website — The seat allotment PDF includes key details such as the candidate's roll number, overall merit rank, category, PwBD status (if applicable), allotted speciality, and the institute assigned. The result is available as a downloadable PDF and does not require login credentials to view. How to download INI CET 2025 seat allotment result: Step 1: Go to the official website: Step 2: Click on the 'Academic Courses' section Step 3: Choose 'INI-CET (MD/MS/MCh(6yrs)/DM(6yrs))' Step 4: Find and click on the link for 'INI CET 2025 Round 1 Seat Allotment Result' Step 5: Download the PDF and use the search function to find your roll number Important Documents Required for INI CET 2025 Admission Candidates allotted seats through INI CET 2025 Round 1 must report to their respective institutes between June 26 and June 30, 2025. To successfully complete the admission process, the following documents must be submitted: • Offer letter issued by AIIMS, New Delhi. • Admit card for INI CET July 2025 session. • INI CET 2025 result/rank letter. • MBBS/BDS degree certificate or provisional certificate from a recognized institute. • Completion certificate of internship, stating that the candidate has completed or will complete the compulsory internship by July 31, 2025. • Permanent/provisional registration certificate issued by MCI/DCI or State Medical/Dental Council. • Mark sheets of MBBS/BDS professional exams. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo • Date of birth proof, such as a birth certificate or Class 10 mark sheet. • Valid category certificate (OBC/EWS/SC/ST) as per the prescribed format by the Government of India, if applicable. • PwBD certificate, if claiming reservation under Persons with Benchmark Disability. • Photographs – recent passport-sized, same as uploaded in the application form. • Any additional documents as required by the allotted institute. Important Instructions: Candidates must bring both original documents and self-attested photocopies, failure to produce any of the required certificates may lead to cancellation of the allotted seat. Candidates are advised to keep checking for updates related to admission procedures and upcoming counselling rounds. Is your child ready for the careers of tomorrow? Enroll now and take advantage of our early bird offer! Spaces are limited.
