Welcome to Extreme Investor Network, where we provide expert insights and analysis on the latest trends in the world of investing. Today, we are covering the most recent analyst calls and Wall Street chatter in the tech sector.
Two tech stocks are making waves among analysts today. Alphabet recently released its quarterly report, which has been met with a bullish outlook despite a slight premarket slide in the stock. Goldman Sachs has also raised its rating on Spotify to buy. Let’s dive into the latest calls and chatter below.
TD Cowen is bullish on defense contractor Lockheed Martin, upgrading the stock from buy to hold. Analyst Cai von Rumohr sees Lockheed’s aircraft business on the upswing, with promising growth in F-35 sales and profitability. The price target on the stock has been raised to $560 per share, reflecting a 12% upside potential.
Goldman Sachs is recommending investors consider Madison Square Garden Entertainment, following a 5% drop since the release of its fiscal third-quarter results. Analyst Stephen Laszczyk sees an opportunity for investors to gain exposure to a high-quality live entertainment venues business. The price target on the stock has been increased to $45 per share, with a more than 15% upside potential.
Barclays analyst Tim Long has raised his price target on Apple, anticipating better growth in iPhone, Mac, and services in the September quarter. Despite the positive outlook, Long maintains an underweight rating on the stock, citing valuation concerns.
RBC Capital Markets is turning more bullish on Estee Lauder, expecting shares to rally more than 30%. Analyst Nik Modi believes that the company’s margin opportunity and growth potential outweigh any short-term challenges. The price target on the stock has been maintained at $131 per share.
On the downside, Morgan Stanley has downgraded General Motors to equal weight from overweight, citing industry pressures and risks in China and the electric vehicle market. Analyst Adam Jonas sees minimal upside potential to the stock and believes it is appropriately rated at equal weight.
Tesla shares are facing downward pressure after a disappointing second-quarter earnings report. While some analysts remain optimistic about the company’s future growth, others are more cautious, citing ongoing competition pressures and demand issues within Tesla’s auto business.
Wall Street analysts are standing by Alphabet despite a slip in the stock following its second-quarter results. The general sentiment is bullish on Alphabet’s AI potential and long-term growth prospects, despite some uncertainty in the near term.
Goldman Sachs has upgraded Spotify to buy, following the company’s record quarterly earnings. Analyst Eric Sheridan sees strong growth potential for the audio streaming platform and has raised the price target to $425 per share.
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