Quick Look from the Big Banks | Can Tesla rise to $400? Amazon receives positive outlook again!
DA Davidson states that if Amazon takes into account antitrust regulations and is forced to split, the value of Amazon's stock will be higher, not lower. The three businesses that could be split include retail, third-party retail platforms, and cloud computing.
Morgan Stanley: Reiterates "Overweight" rating on Tesla, target price of $400
Based on the latest closing price of $246.38, this price implies a 62% upside potential!
DA Davidson: Initiates "Buy" rating on Amazon, target price of $150
Based on the latest closing price of $125.98, this price implies a 19% upside potential!
The firm believes that if Amazon considers being forced to split up due to antitrust regulations, the value of Amazon's stock will be higher rather than lower. The firm estimates that if Amazon were to split up, it could be divided into three businesses, including retail, third-party retail platform, and cloud computing, with a stock value ranging from $148 to $193.
JPMorgan: Maintains "Overweight" rating on Goldman Sachs, target price of $571
Based on the latest closing price of $568.63, this price implies a relatively flat performance.
The firm states that now is a good time to hold the stock due to its defensive nature, a consumer base with higher income, continued stock price growth, the normalization of negative factors in foreign exchange/natural gas, and the fading momentum of ordinary commodities.