Latest news with #DanielIves
Globe and Mail
18 hours ago
- Automotive
- Globe and Mail
Tesla Stock (TSLA) Gets a Price Target Boost from UBS as Robotaxis Hit the Streets
Analysts at bank UBS Group (UBS) have raised their price target on Tesla (TSLA) stock as the company launches its highly anticipated robotaxi in Austin, Texas. Confident Investing Starts Here: UBS took its price target on TSLA stock to $215 a share from $190 previously, saying that the company's robotaxi is worth $99 per share in value, which is nearly half of the price target. However, despite the price target bump, UBS maintained a Sell rating on TSLA stock, saying the robotaxi is already priced into the shares. At the same time, Wedbush technology analyst Daniel Ives rode in a robotaxi and said that the experience exceeded his expectations. Ives' also issued a note about TSLA stock on June 23, the day of the official robotaxi launch in Texas. He maintained a Buy rating on the shares and Wall Street-high price target of $500 a share. Challenges Ahead The robotaxi launch and bullish analyst comments have TSLA stock up nearly 10% on June 23. However, while there is plenty of excitement about the robotaxis, Tesla continues to face numerous challenges moving forward, especially when it comes to sales of its electric vehicles. Recent data showed that Tesla's electric vehicle sales fell 49% year-over-year in Europe as consumers turn away from the brand and the politics of CEO Elon Musk. Sales are also down in other jurisdictions, notably China. The Tesla brand has taken a hit from Musk's involvement with the administration of U.S. President Donald Trump. TSLA stock is down 13% on the year. Is TSLA Stock a Buy? The stock of Tesla has a consensus Hold rating among 35 Wall Street analysts. That rating is based on 14 Buy, 12 Hold, and nine Sell recommendations issued in the last three months. The average TSLA price target of $286.14 implies 11.18% downside from current levels.
Business Insider
a day ago
- Business
- Business Insider
AI ‘Shining Moment' Leads Wedbush to Boost Microsoft Price Target to $600
Wedbush's Daniel Ives raised Microsoft's (MSFT) price target to $600 from $515, which implies 21.9% upside potential from current levels. The top analyst maintained his Buy rating on MSFT and described the artificial intelligence (AI) cloud revolution as Microsoft's 'shining moment.' Ives believes that fellow Wall Street analysts are not fully appreciating Microsoft's growth story, but Wedbush is becoming 'incrementally bullish' on the company. 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 Ives cited conversations with customers and partners and determined that, over the next three years, roughly 70% of a company's installed base will include Copilot and Microsoft AI tools. This data suggests an inflection point for Microsoft in 2026, when companies are expected to start integrating AI tools into their systems following experimentation in 2024 and 2025. MSFT stock reached a fresh 52-week high of $494.56 in mid-day trading yesterday, driven by bullish analyst views. MSFT Copilot and Azure Adoption Are Set to Surge Ives noted that Microsoft Copilot and Azure are set to witness a 'massive adoption wave,' which will create significant monetization opportunities for the company. According to the analyst, several companies are now focused on deploying AI use cases across multiple sectors, with government, finance services, and retail sectors emerging as 'clear standouts.' Microsoft has recently doubled down on its AI strategy, with $80 billion in capital expenditures planned for FY25 to bolster its data center infrastructure. Despite stiff competition from hyperscalers such as Amazon's (AMZN) Amazon Web Services (AWS) and Alphabet's (GOOGL) Google Cloud Platform, Ives believes that Microsoft remains the clear front runner on the enterprise hyperscale AI front. Wedbush also includes Microsoft on its 'Best Ideas List,' and Microsoft is also featured in the Dan IVES Wedbush AI Revolution ETF, which was launched earlier this month. As of date, MSFT is the third-largest holding in the ETF, with a 4.86% weight. Is Microsoft Stock a Good Buy? Analysts remain highly optimistic about Microsoft's long-term stock trajectory. On TipRanks, MSFT stock commands a Strong Buy consensus rating based on 30 Buys and five Hold ratings. Also, the average Microsoft price target of $519.76 implies 5.6% upside potential from current levels. Year-to-date, MSFT stock has gained 17.3%.
Yahoo
2 days ago
- Business
- Yahoo
Microsoft Gets $600 Price Target Boost From Wedbush on AI Surge
June 26 - Microsoft (NASDAQ:MSFT) received a bullish endorsement from Wedbush on Thursday, with analyst Daniel Ives lifting the tech giant's price target to $600 from $515, citing accelerating adoption of artificial intelligence products like Copilot and Azure. The new target implies a nearly 22% upside from current levels. Ives reaffirmed his Buy rating and described Microsoft's ongoing AI expansion as a shining moment for the company, according to a Thursday note. Warning! GuruFocus has detected 6 Warning Sign with MSFT. Citing field checks and customer feedback, Wedbush anticipates roughly 70% of Microsoft's installed user base will adopt its AI tools by 2026. The firm believes 2024 and 2025 will serve as test phases, while broader integration will likely take off in 2026. Microsoft stock hit a fresh 52-week high of $494.56 during mid-day trading Wednesday, supported by optimism around its enterprise AI strategy. The company plans to invest $80 billion in capital spending for fiscal year 2025 to strengthen its data center infrastructure. Ives also expects notable adoption in the public, financial, and retail sectors. Microsoft is currently the third-largest holding in the newly launched Dan Ives Wedbush AI Revolution ETF. The firm added Microsoft to its Best Ideas List, underlining confidence in its AI-driven growth trajectory. This article first appeared on GuruFocus. 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
Yahoo
3 days ago
- Business
- Yahoo
Why Wedbush Loves IBM Again
Wedbush keeps an Outperform on IBM (NYSE:IBM) and ups its price target to $325, banking on the company's expanding AI and hybrid-cloud franchises to drive a renewed growth led by Daniel Ives say recent field checks confirm IBM is emerging as one of the AI Revolution's early winners, thanks to a GenAI book of business north of $6 billion and a developer-driven ecosystem that fuels rapid innovation. Three-quarters of AI workloads are expected to run on containers by 2027, and IBM's combination of WatsonX AI agents, Red Hat OpenShift and hybrid-cloud tooling positions it to capture a lion's share of that shift. Beyond software, IBM is charting a course toward large-scale, fault-tolerant quantum computing, with its Quantum Nighthawk chip due later this year and the broader Quantum Starling platform slated for later this decade. Wedbush argues these moves not only reinforce IBM's AI leadership but also underscore its capacity to layer in new revenue streamsfrom premium GenAI services to next-gen quantum use casesover the coming a strong run in 2025, IBM still trades at valuations that understate its AI and quantum potential, Wedbush contends. As enterprises pour more workloads into hybrid-cloud and AI environments, vendors with end-to-end platformsspanning infrastructure, software, AI and quantumstand to generate outsized profits. IBM's deep enterprise relationships and broad product suite give it a rare runway to monetize both near-term AI demand and longer-term quantum opportunities. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Why Wedbush Loves IBM Again
Wedbush keeps an Outperform on IBM (NYSE:IBM) and ups its price target to $325, banking on the company's expanding AI and hybrid-cloud franchises to drive a renewed growth led by Daniel Ives say recent field checks confirm IBM is emerging as one of the AI Revolution's early winners, thanks to a GenAI book of business north of $6 billion and a developer-driven ecosystem that fuels rapid innovation. Three-quarters of AI workloads are expected to run on containers by 2027, and IBM's combination of WatsonX AI agents, Red Hat OpenShift and hybrid-cloud tooling positions it to capture a lion's share of that shift. Beyond software, IBM is charting a course toward large-scale, fault-tolerant quantum computing, with its Quantum Nighthawk chip due later this year and the broader Quantum Starling platform slated for later this decade. Wedbush argues these moves not only reinforce IBM's AI leadership but also underscore its capacity to layer in new revenue streamsfrom premium GenAI services to next-gen quantum use casesover the coming a strong run in 2025, IBM still trades at valuations that understate its AI and quantum potential, Wedbush contends. As enterprises pour more workloads into hybrid-cloud and AI environments, vendors with end-to-end platformsspanning infrastructure, software, AI and quantumstand to generate outsized profits. IBM's deep enterprise relationships and broad product suite give it a rare runway to monetize both near-term AI demand and longer-term quantum opportunities. This article first appeared on GuruFocus. 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
