This Analyst With 87% Accuracy Rate Sees Over 35% Downside In Tesla - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Top Wall Street analysts have made recent stock picks, including a bearish outlook on Tesla with over 35% downside. Other notable picks include Life360, SMART Global Holdings, CrowdStrike, and General Dynamics, with varying degrees of expected upside.
July 08, 2024 | 11:41 am
News sentiment analysis
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NEGATIVE IMPACT
Analyst William Stein from Truist Securities maintains a Hold rating on Tesla with a price target of $162, indicating over 35% downside. Recent Q2 deliveries declined year-over-year but improved from Q1.
The analyst's high accuracy rate and significant downside prediction, combined with recent delivery declines, suggest a bearish short-term outlook for Tesla.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Analyst Rob Owens from Piper Sandler downgraded CrowdStrike from Overweight to Neutral with a price target of $400, indicating around 3% gain. The company recently announced partnerships to boost distribution in Latin America.
The downgrade to Neutral and modest price target, despite recent partnerships, suggest a neutral short-term outlook for CrowdStrike.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Analyst Peter Arment from Baird maintains an Outperform rating on General Dynamics with a price target of $345, indicating over 22% upside. The company will webcast its Q2 2024 earnings results on July 24.
The maintained Outperform rating and significant upside price target, along with the upcoming earnings results, suggest a bullish short-term outlook for General Dynamics.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Analyst Mark Kelley from Stifel initiated coverage on Life360 with a Buy rating and a price target of $37, indicating around 15% upside. Life360 recently launched its IPO in the U.S.
The initiation of coverage with a Buy rating and a positive price target, along with the recent IPO launch, suggests a bullish short-term outlook for Life360.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Analyst Brian Chin from Stifel maintains a Buy rating on SMART Global Holdings with a price target of $27.5, indicating around 16% upside. The company will release its Q3 financial results on July 9.
The maintained Buy rating and positive price target, along with the upcoming financial results, suggest a bullish short-term outlook for SMART Global Holdings.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70