Ford Motor Company (NYSE: F) reported mixed third-quarter results Wednesday, but that didn t stop investors form buying up the stock.
Shares closed higher by 9.9 percent at $8.99. That s the biggest move for the stock since Aug. 9, 2011, when shares jumped about 10 percent from $9.78 to $10. Read More.
Jefferies has downgraded Tesla Inc (NASDAQ: TSLA), citing "execution risk" the automaker faces in 2021 amid product launches and an expansion drive, CNBC
New Street Research analyst and Tesla Inc (NASDAQ: TSLA) bull Pierre Ferragu is of the opinion that investors who hold the automaker’s stock should book some profits ahead of the S&P inclusion, Barron’s
T-Mobile US Inc (NASDAQ: TMUS) could be the next acquisition target for media companies following AT&T Inc. (NYSE: T) s deal to buy Time Warner Inc (NYSE: TWX) for $85.4 billion, according to a Reuters report. The takeout target over the next twelve months has got to be T-Mobile,. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
New Street Research analyst and Tesla Inc (NASDAQ: TSLA) bull Pierre Ferragu is of the opinion that investors who hold the automaker's stock should book some profits ahead of the S&P inclusion, Barron's reported Wednesday.The Tesla Analyst: Ferragu downgraded Tesla from Hold to Buy and maintained the price target of $578 even though he opined the shares are likely to hit $1,200 in 2025.The Tesla Thesis: "We expect Tesla to trade at 75 [times] forward earnings in 2025, " wrote Ferragu.By 2025, Ferragu expects the Elon Musk-led company to be in what he terms hypergrowth. By the following year, he foresees Tesla shipping 2.8 million vehicles a year, which is 500,000 more than what it shipped in 2020. This implies the Palo Alto-based automaker would grow annually at nearly 33%.Ferragu's last call to upgrade the stock in October to Buy was made when the stock was trading at nearly $425 and his price target of $578 was the highest at the time.Tesla's stock