Nvidia downgraded, Tesla upgraded: Wall Street's top analyst calls
Why did New Street downgrade Nvidia to Neutral?
New Street downgraded Nvidia to Neutral from Buy with a one-year price target of $135, as the firm believes the shares are "getting fully valued for the base case5." The analyst states that share upside will only materialize in a bull case, where the outlook beyond 2025 increases materially, but New Street lacks conviction in this scenario playing out5.
What is Nvidia's new one-year price target?
Nvidia's new one-year price target is $135, downgraded by New Street from a previous target of $160. This downgrade is due to the firm's belief that the shares are "getting fully valued for the base case," and share upside will only materialize in a bull case where the outlook beyond 2025 increases materially.
What factors influenced China Renaissance to upgrade Tesla?
China Renaissance upgraded Tesla to Buy from Hold with a price target of $282.13, up from $151.31. The analyst increased estimates to reflect the "substantial expansion" of Tesla's energy storage business in Q2. The firm sees "re-rating opportunities" for the shares from an improving electric vehicle business and new products from Full-Self Driving, Robotaxi, and the company's robot segments.