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Business Insider
28-04-2025
- Automotive
- Business Insider
Tesla (TSLA) Sounds the Alarm in Canada as Prices Surge and ‘Pre-Tariff' Deals Run Out
Tesla (TSLA) is rushing to clear out pre- tariff inventory in Canada as car prices begin to rise. The electric vehicle giant is raising prices across its entire vehicle lineup and urging Canadian customers to take advantage of pre-tariff pricing. A banner on Tesla's Canadian website reads, 'Explore pre-tariff priced inventory while supplies last.' Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. This move comes after President Donald Trump's decision to impose a 25% tariff on cars and car parts imported from countries outside the U.S. In retaliation, Canada introduced similar tariffs on U.S.-made vehicles and components. By promoting pre-tariff inventory, Tesla aims to boost sales while giving customers an opportunity to secure vehicles at lower prices before the full impact of the tariffs is felt. Tesla Raises Prices by Up to 22% in Canada As a result of these tariffs, prices for new Tesla orders have surged by as much as 22%, according to a site tracking Tesla prices in Canada. For example, a brand-new Model 3 with all-wheel drive now costs CA$79,990 ($57,700), compared to around CA$69,000 for similar models still in stock. These price increases extend beyond the Model 3, affecting other models as well, including the Model S, Model X, Model Y, and even the new Cybertrucks. At the same time, automakers across the industry are warning that these new tariffs could disrupt the global supply chain and push car prices even higher, hurting sales. Moreover, financial analysts estimate that the tariffs could add between $110 billion and $160 billion in annual costs to the industry, which could potentially reduce U.S. vehicle sales by millions of units. Tesla Stock Rises as New Self-Driving Rules Spark Optimism Despite ongoing tariff pressures, Tesla stock soared nearly 10% on Friday, closing at $284.95. The rally followed positive news for self-driving cars, as the White House introduced new rules to accelerate autonomous vehicle approvals. These rules aim to ease deployment of self-driving cars on public roads, accelerating Tesla's progress in autonomous driving. In addition to regulatory support, Tesla's Q1 2025 earnings release on April 22 also played a role in lifting investor sentiment. During the earnings call, Elon Musk announced that he would scale back his involvement with the Department of Government Efficiency (DOGE). This move reassured investors that Musk's focus would remain firmly on Tesla, further fueling the stock's upward momentum. Is Tesla a Buy, Sell, or Hold? Overall, TSLA stock has a Hold consensus rating on TipRanks, based on 17 Buys, 11 Holds, and 12 Sell ratings. Also, the average Tesla price target of $284.74 implies 0.07% downside potential from current levels.
Business Insider
28-04-2025
- Business
- Business Insider
arGEN X (0QW0) Receives a Buy from Barclays
In a report released on April 25, Charles Pitman CFA from Barclays maintained a Buy rating on arGEN X (0QW0 – Research Report), with a price target of €650.00. The company's shares closed last Monday at €352.20. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. According to TipRanks, Pitman CFA is a 4-star analyst with an average return of 9.3% and a 52.81% success rate. Currently, the analyst consensus on arGEN X is a Strong Buy with an average price target of €681.13, which is a 93.39% upside from current levels. In a report released on April 20, Bank of America Securities also maintained a Buy rating on the stock with a €680.00 price target. The company has a one-year high of €656.80 and a one-year low of €324.30. Currently, arGEN X has an average volume of 13.3K.
Business Insider
28-04-2025
- Business
- Business Insider
Barclays Remains a Sell on Virtus Investment Partners (VRTS)
Barclays analyst Benjamin Budish maintained a Sell rating on Virtus Investment Partners (VRTS – Research Report) on April 25 and set a price target of $150.00. The company's shares closed last Friday at $153.28. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Budish covers the Financial sector, focusing on stocks such as Interactive Brokers, Blackstone Group, and Charles Schwab. According to TipRanks, Budish has an average return of 11.7% and a 66.55% success rate on recommended stocks. In addition to Barclays, Virtus Investment Partners also received a Sell from Morgan Stanley's Michael Cyprys in a report issued on April 22. However, on April 17, Piper Sandler maintained a Buy rating on Virtus Investment Partners (NYSE: VRTS). Based on Virtus Investment Partners' latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $232.41 million and a net profit of $33.29 million. In comparison, last year the company earned a revenue of $214.59 million and had a net profit of $30.83 million
Business Insider
28-04-2025
- Business
- Business Insider
Centene (CNC) Gets a Buy from Barclays
Barclays analyst Andrew Mok CFA maintained a Buy rating on Centene (CNC – Research Report) on April 25 and set a price target of $84.00. The company's shares closed last Friday at $57.69. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. According to TipRanks, Mok CFA is an analyst with an average return of -10.9% and a 37.35% success rate. Mok CFA covers the Healthcare sector, focusing on stocks such as UnitedHealth, Centene, and Humana. In addition to Barclays, Centene also received a Buy from Wells Fargo's Stephen Baxter in a report issued on April 25. However, on the same day, Bank of America Securities maintained a Hold rating on Centene (NYSE: CNC). Based on Centene's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $46.62 billion and a net profit of $1.31 billion. In comparison, last year the company earned a revenue of $40.41 billion and had a net profit of $1.16 billion
Business Insider
28-04-2025
- Business
- Business Insider
Five9 price target lowered to $28 from $45 at Jefferies
Jefferies analyst Samad Samana lowered the firm's price target on Five9 (FIVN) to $28 from $45 and keeps a Hold rating on the shares. While the firm believes the quarter will not bring surprises, Jefferies expects demand either did not pick up as expected or worsened as the quarter progressed, the analyst tells investors. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
