Latest news with #stockanalysis
Globe and Mail
a day ago
- Automotive
- Globe and Mail
Tesla Inc: Analysts Update Target Forecasts
Tesla Inc. (TSLA) (TSLA:CA) Bank of America (BofA) has increased its 12-month price target on Tesla Inc. from $305 to $341, reflecting a more optimistic outlook for the electric vehicle maker's potential. Despite the raised target, BofA has maintained its 'Neutral' rating, signaling that while the bank acknowledges improving fundamentals or external conditions (such as macro trends, cost efficiencies, or AI/data center tailwinds), it believes the stock is fairly valued at current levels. The 'Neutral' stance suggests a balanced view of upside and downside risks amid ongoing concerns like increased competition, regulatory uncertainty, and potential volatility around deliveries and margins. Cantor Fitzgerald has reiterated its 'Overweight' rating on Tesla and maintained its 12 month price target of $355 per share, indicating continued confidence in Tesla's growth trajectory and long-term value. The Overweight rating implies that Cantor expects Tesla to outperform the broader market and sector average. Cantor likely sees strength in Tesla's expanding product pipeline, leadership in EV technology, and potential upside from its AI and robotics ventures—such as Full Self-Driving (FSD) and Optimus—justifying a higher valuation multiple. Stock Forecast & Analysis Tesla's consensus analyst rating is a 'Hold', reflecting a mixed sentiment on the stock. The average 12-month price target for Tesla stands at approximately $300 per share, suggesting the stock is currently trading over over its perceived valuation models. The consensus target reflects analyst expectations factoring in the company's fundamentals, competitive environment, and broader macroeconomic conditions. Key contributors to this Hold consensus include: Concerns over valuation: Tesla trades at a premium relative to traditional automakers, and many analysts believe the stock price already reflects aggressive growth assumptions. Competition and market saturation: Analysts are watching how Tesla will fare as legacy automakers and new EV startups increase competition, especially in core markets like the U.S., China, and Europe. Margin pressures: Ongoing price cuts, high R&D spending on AI and robotics, and ramp-up costs for new models or facilities could weigh on margins, limiting near-term earnings growth. Catalysts for future upside: Some analysts remain optimistic about long-term catalysts including Tesla's progress in Full Self-Driving (FSD) technology, expansion into energy storage, potential monetization of AI-related assets, and new vehicle platforms.
Yahoo
a day ago
- Business
- Yahoo
Earnings To Watch: ASGN (ASGN) Reports Q2 Results Tomorrow
IT services provider ASGN (NYSE:ASGN) will be announcing earnings results this Wednesday after the bell. Here's what to expect. ASGN beat analysts' revenue expectations by 0.6% last quarter, reporting revenues of $968.3 million, down 7.7% year on year. It was a slower quarter for the company, with a significant miss of analysts' EPS guidance for next quarter estimates and a miss of analysts' EPS estimates. Is ASGN a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting ASGN's revenue to decline 3.7% year on year to $996.6 million, improving from the 8.5% decrease it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. ASGN has missed Wall Street's revenue estimates three times over the last two years. Looking at ASGN's peers in the it services & other tech segment, only Accenture has reported results so far. It beat analysts' revenue estimates by 2.3%, delivering year-on-year sales growth of 7.7%. The stock was down 3.6% on the results. Read our full analysis of Accenture's earnings results here. There has been positive sentiment among investors in the it services & other tech segment, with share prices up 4.5% on average over the last month. ASGN is down 1.9% during the same time. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Top Analyst Calls Microsoft a 'Top Pick' Hikes Target to $585 on Azure AI Momentum
July 21 - Bank of America lifted its price target on Microsoft (NASDAQ:MSFT) to $585 from $515 ahead of the software giant's fiscal fourth?quarter results, according to a Friday note. Analysts led by Brad Sills kept a Buy rating and Top Pick designation, citing partner checks that point to deal volumes roughly matching the prior quarter. They see revenue in Q4 edging up by as much as 1% versus their base forecast. Warning! GuruFocus has detected 7 Warning Sign with MSFT. Azure remains the growth engine, with BofA projecting 35.5% constant?currency expansion, about 18 percentage points driven by AI, up from a prior 34.2 % estimate (17 points from AI). In Productivity and Business Processes, the team now expects 13% growth, powered by commercial Office upgrades and climbing Copilot adoption, above an earlier 12.5% forecast. Mobile Personal Computing forecasts were also raised to 3.4% growth from 2.4%, reflecting stronger-than-expected PC shipment data. Looking beyond, Sills's group models fiscal 2026 revenue growth holding at 14% as Azure's share of total sales grows. They flagged further Copilot traction as the next major catalyst for shares trading at a premium to peers. 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
2 days ago
- Business
- Yahoo
Top Analyst Calls Microsoft a 'Top Pick' Hikes Target to $585 on Azure AI Momentum
July 21 - Bank of America lifted its price target on Microsoft (NASDAQ:MSFT) to $585 from $515 ahead of the software giant's fiscal fourth?quarter results, according to a Friday note. Analysts led by Brad Sills kept a Buy rating and Top Pick designation, citing partner checks that point to deal volumes roughly matching the prior quarter. They see revenue in Q4 edging up by as much as 1% versus their base forecast. Warning! GuruFocus has detected 7 Warning Sign with MSFT. Azure remains the growth engine, with BofA projecting 35.5% constant?currency expansion, about 18 percentage points driven by AI, up from a prior 34.2 % estimate (17 points from AI). In Productivity and Business Processes, the team now expects 13% growth, powered by commercial Office upgrades and climbing Copilot adoption, above an earlier 12.5% forecast. Mobile Personal Computing forecasts were also raised to 3.4% growth from 2.4%, reflecting stronger-than-expected PC shipment data. Looking beyond, Sills's group models fiscal 2026 revenue growth holding at 14% as Azure's share of total sales grows. They flagged further Copilot traction as the next major catalyst for shares trading at a premium to peers. 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
2 days ago
- Business
- Yahoo
3 Reasons to Avoid ALL and 1 Stock to Buy Instead
Since January 2025, Allstate has been in a holding pattern, posting a small return of 2.3% while floating around $194.08. Is there a buying opportunity in Allstate, or does it present a risk to your portfolio? Check out our in-depth research report to see what our analysts have to say, it's free. Why Is Allstate Not Exciting? We're sitting this one out for now. Here are three reasons why we avoid ALL and a stock we'd rather own. 1. Deteriorating Combined Ratio Revenue growth is one major determinant of business quality, and the efficiency of operations is another. For insurance companies, we look at the combined ratio rather than the operating expenses and margins that define sectors such as consumer, tech, and industrials. The combined ratio sums the costs of underwriting (salaries, commissions, overhead) as well as what an insurer pays out in claims (losses) and divides it by net premiums earned. If a company boasts a combined ratio under 100%, it is underwriting profitably. If above 100%, it is losing money on its core operations of selling insurance policies. Over the last four years, Allstate's combined ratio has swelled by 10.1 percentage points, hitting 98.3% for the past 12 months. Said differently, the company's expenses have increased at a faster rate than revenue, which is usually raises questions in mature industries (the exception is a high-growth company that reinvests its profits in attractive ventures). 2. BVPS Growth Demonstrates Strong Asset Foundation We consider book value per share (BVPS) a critical metric for insurance companies. BVPS represents the total net worth per share, providing insight into a company's financial strength and ability to meet policyholder obligations. Although Allstate's BVPS increased by a meager 1.4% annually over the last five years, the good news is that its growth has recently accelerated as BVPS grew at a decent 13.2% annual clip over the past two years (from $59.03 to $75.68 per share). 3. Previous Growth Initiatives Haven't Impressed Return on Equity, or ROE, ties everything together and is a vital metric. It tells us how much profit the insurer generates for each dollar of shareholder equity entrusted to management. Over a long period, insurers with higher ROEs tend to compound shareholder wealth faster through retained earnings, buybacks, and dividends. Over the last five years, Allstate has averaged an ROE of 10.6%, uninspiring for a company operating in a sector where the average shakes out around 12.5%. Final Judgment Allstate isn't a terrible business, but it doesn't pass our bar. That said, the stock currently trades at 2.2× forward P/B (or $194.08 per share). This multiple tells us a lot of good news is priced in - we think other companies feature superior fundamentals at the moment. We'd suggest looking at our favorite semiconductor picks and shovels play. Stocks We Like More Than Allstate When Trump unveiled his aggressive tariff plan in April 2024, markets tanked as investors feared a full-blown trade war. But those who panicked and sold missed the subsequent rebound that's already erased most losses. Don't let fear keep you from great opportunities and take a look at Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. 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
