Top Analyst Ratings for July 4th, 2024
Top Analyst Ratings for July 4th, 2024
Apple Inc. (AAPL): Evercore ISI has reiterated its “Buy” rating for Apple, maintaining a price target of $250. The tech giant continues to benefit from strong sales of its flagship products and services, reinforcing investor confidence despite broader market uncertainties. Evercore’s bullish stance reflects Apple’s sustained innovation and robust financial performance, positioning the company well for future growth.
Datadog Inc. (DDOG): Bank of America remains optimistic about Datadog, maintaining its “Buy” rating with a 12-month price target of $155 per share. Datadog, a leading provider of monitoring and security solutions for cloud applications, has shown impressive growth and continues to expand its market presence. Bank of America’s endorsement underscores the company’s potential for continued success in the rapidly growing cloud computing sector.
Tesla Inc. (TSLA): Tesla received mixed reviews from analysts. STA Research upheld its “Strong Buy” rating and increased its price target from $260 to $300, reflecting confidence in Tesla’s long-term growth prospects and its leadership in the electric vehicle market. Morningstar maintained a more cautious “Hold” rating with a $200 target, highlighting the volatility and competitive challenges in the EV industry. These divergent views illustrate the ongoing debate about Tesla’s valuation and future trajectory.
Uber Technologies Inc. (UBER): BTIG Research reaffirmed its “Buy” rating for Uber, setting a price target of $90. Uber’s diversified business model, which includes ride-hailing, food delivery, and freight services, continues to attract investor interest. BTIG’s positive outlook is driven by Uber’s potential to achieve profitability and expand its market share in various segments of the transportation industry.
Canadian Tire Corporation Ltd. (CTC.A:CA): National Bank Financial maintained its “Sector Perform” rating for Canadian Tire Corporation with a price target of $146. The retailer, known for its wide range of automotive, hardware, and sports products, has been navigating the challenges of a competitive retail environment. National Bank Financial’s rating suggests a neutral outlook, acknowledging both the company’s strengths and the headwinds it faces in the Canadian market.
