Shares of Plug Power surged 7.3% after an analyst upgrade citing potential profitability improvements, driven by cost savings and higher product prices, though the stock remains highly volatile and influenced by broader market trends.
Plug Power's stock rose after Clear Street upgraded its rating to Buy despite lowering its price target to $3, citing potential shareholder dilution and upcoming corporate decisions that could impact the stock. The broader market declined, and industry peers showed mixed results amid sector scrutiny.
Investors are locking in profits on a stock that has recently surged, while also increasing their holdings in a beaten-down stock that received an analyst upgrade, reflecting strategic adjustments amid market volatility.
Eli Lilly's stock (LLY) was upgraded following news that obesity drugs will now be covered by Medicare, potentially boosting the company's prospects in the pharmaceutical industry.
Jim Cramer has upgraded Microsoft stock and reports that the Starbucks CEO shared encouraging news he had been waiting to hear, indicating positive developments for both companies.
Microsoft stock (MSFT) has been upgraded to a buy rating by a top analyst ahead of the company's Q1 earnings report, indicating strong investor confidence and positive outlook for the company's upcoming financial results.
HSBC analysts have upgraded Nvidia stock to buy, predicting a 78% upside driven by an expanding market for AI graphics processing units and broader customer adoption beyond cloud providers, indicating strong growth potential in the AI race.
Morgan Stanley raised its price target on Alphabet (GOOGL) to $270, citing the company's leadership in AI and advancements in quantum computing, with positive signals in GenAI adoption and cloud growth, positioning Alphabet as a key AI winner.
Apple's stock has rebounded and reached a new high after positive reports on the iPhone 17's strong start and demand, especially for the Pro models, with analyst Daniel Ives raising his price target to $310 due to optimistic growth prospects and AI integration opportunities. Despite competition and geopolitical tensions, Apple is positioned for growth, particularly in China, driven by new product cycles and AI monetization strategies.
Tesla stock surged after Baird and Goldman Sachs raised their price targets, with Baird's analyst highlighting a potential 'physical AI inflection' that could transform Tesla into more than just a car manufacturer, leading to a 71% increase in forecasted stock price. Despite the rally and positive news, the stock remains above the average analyst target, with some caution about its sustainability and competition, and a consensus rating of Hold.
Tesla's stock received upgrades from Baird and Goldman Sachs, with Baird raising its price target to $548 citing a 'physical AI inflection' and Goldman Sachs increasing its target to $395, driven by strong vehicle deliveries and expansion of robo-taxi services. Despite recent struggles, Tesla's shares have gained significantly over the past year, supported by positive analyst outlooks and strategic developments in AI and autonomous driving.
Broadcom's stock has surged over 30% this year, driven by AI opportunities and a $10 billion order from OpenAI, leading to a new street-high price target of $410 from Mizuho analyst Vijay Rakesh, who sees significant growth in AI revenue and advanced chip technology, with a strong buy consensus among analysts.
D.A. Davidson analyst Gil Luria has upgraded Nvidia stock to a buy, citing strong growth in AI compute demand that is expected to sustain Nvidia's growth into next year and beyond, with a new price target of $210, reflecting an 18.5% potential gain. Despite some concerns about competition and other headwinds, the analyst remains optimistic about Nvidia's prospects driven by AI demand.
Nike stock surged after JPMorgan upgraded it to overweight with a higher price target, anticipating a multiyear earnings recovery starting in 2026, and marking its first breakout above the 200-day moving average since 2021.