All articles tagged with #analyst downgrade
Fiserv's stock plummeted 47% after missing earnings expectations and lowering its full-year outlook, surprising analysts and raising concerns about the company's future prospects amid systemic issues across its business units.
Synopsys stock dropped 34% after missing earnings and revenue forecasts due to weak semiconductor IP sales, U.S. export restrictions, and challenges with a major foundry customer, leading to analyst downgrades and a cautious outlook despite some growth in its design automation segment.
C3.ai's stock price target has been reduced following a disappointing Q1 report and the withdrawal of its future guidance, prompting analyst reactions and concerns about the company's outlook.
Bernstein has cut its price target for ASML from $806 to $743 due to concerns about 2026 growth prospects, despite strong Q2 results and demand driven by AI. The company faces macroeconomic and geopolitical uncertainties, with some analysts confused by its revised outlook. ASML remains rated as a Moderate Buy with a potential 16.3% upside from current levels.
Tesla's stock was downgraded by Baird analysts due to uncertainties stemming from Elon Musk's public spat with Donald Trump and skepticism about the company's upcoming robotaxi launch, despite Tesla's recent stock outperformance and Musk's declining personal wealth.
Jim Cramer described an analyst's downgrade of AMD as 'cogent,' acknowledging the validity of the concerns raised. However, he remains optimistic about the stock's potential and is not ready to abandon his investment in AMD. Cramer continues to monitor the situation closely, considering broader market dynamics and other factors influencing the tech sector.
Nio Inc.'s stock dropped 6.6% after J.P. Morgan advised selling due to potential sales impact from competition's new launches. Analyst Nick YC Lai downgraded the stock to underweight, citing slow January sales and concerns over future sales and earnings momentum. Nio's lack of new models and increasing competition from peers like XPeng Inc. and BYD Co. Ltd. are key concerns. Lai cut his 2024 revenue estimate for Nio and widened the adjusted per-share loss estimate, but noted the company's efforts to reduce costs and protect margins amidst price cuts by competitors.
Rivian Automotive (NASDAQ: RIVN) stock is down 6% after an analyst downgraded its price target by nearly 35% due to a weak 2024 outlook, citing risks to volumes and margins. Despite efforts to ramp up production and improve gross loss per vehicle, concerns about demand, order fulfillment, and achieving a positive margin persist. Investors await the company's Q4 and full-year numbers on Feb. 21 for clarity on its path forward.
Rivian Automotive's stock is plummeting after an analyst downgraded its price target by nearly 35% due to a weak 2024 outlook, citing risks to production volumes and prolonged factory shutdowns. Despite efforts to ramp up production and improve gross loss per vehicle, concerns about demand, order fulfillment, and achieving a positive margin persist. Investors await the company's Q4 and full-year numbers on Feb. 21 for clarity on its path forward.
Cantor Fitzgerald analyst Andres Sheppard has downgraded Rivian shares from Overweight to Neutral ahead of the company's third-quarter earnings report. Sheppard cited increased valuation in shares and competition in the electric pickup truck market as reasons for the downgrade. However, he noted that Rivian's production and delivery figures for the second quarter exceeded estimates, and the company reaffirmed its belief that it is sufficiently funded through 2025. Sheppard also shared his positive outlook on the electric vehicle industry, reiterating Overweight calls on Lucid Group and Polestar Automotive.
Rivian's stock has surged 66% in the past month, prompting Cantor Fitzgerald analyst Andres Sheppard to downgrade the shares to neutral from overweight due to concerns about valuation. Despite raising his price target and revenue estimates for the company, Sheppard believes the stock is now properly valued and is adopting a more conservative stance. He will be closely monitoring Rivian's second-quarter earnings report for insights on average selling prices, gross margins, cost savings, and the company's relationship with Amazon, which remains its largest shareholder.