Top Analyst Ratings & Analysis: Sept 26th, 2024
Top Analyst Ratings
Apple (AAPL) – Evercore: Buy, Target Price USD 250 (09/26/2024) Evercore has reaffirmed its “Buy” rating on Apple, setting a target price of $250. The firm remains confident in Apple’s strong product pipeline and robust ecosystem, particularly with anticipated innovations in its hardware and software offerings. Analysts highlight Apple’s resilience in maintaining market share and driving revenue growth, especially as the company expands its services segment. This positive outlook suggests that investors might benefit from holding Apple shares as the company continues to leverage its brand strength and customer loyalty.
Vanguard S&P 500 ETF (VOO) – STA Research: Downgrade, Underperform, Target Price USD 480 STA Research has downgraded the Vanguard S&P 500 ETF to “Underperform,” with a target price set at $480. This downgrade comes amidst concerns about potential market volatility and macroeconomic challenges, including rising interest rates and inflation pressures. Analysts believe that the broader market may struggle to maintain momentum, which could impact the performance of the ETF. This cautious stance may prompt investors to reconsider their positions in passive index funds.
Tesla (TSLA) – Morningstar: Maintains Underperform, Target Price USD 200 (09/26/2024) Morningstar has maintained its “Underperform” rating on Tesla, with a target price of $200. Analysts express concerns over increasing competition in the electric vehicle (EV) market and the potential for market saturation. Additionally, issues related to supply chain disruptions and production costs could weigh on Tesla’s growth. While the company has a strong brand and innovation track record, analysts suggest that short-term challenges may hinder its stock performance, making it a less attractive investment at this time.
Tilray (TLRY:CA)- Jefferies & Company: Buy, Target Price USD 2.50 (09/26/2024) Jefferies & Company has initiated a “Buy” rating for Tilray, with a target price of $2.50. This optimistic outlook stems from expectations of growth in the cannabis sector, particularly as regulatory environments evolve and consumer acceptance increases. Analysts believe Tilray is well-positioned to capitalize on emerging markets and expand its product offerings. Investors may find potential upside in Tilray shares as the company aims to strengthen its market presence.
Bombardier (BBD-B:CA)- RBC: Buy, Target Price CAD 133 (09/26/2024) RBC has issued a “Buy” rating for Bombardier, setting a target price of CAD 133. Analysts point to the company’s strong performance in the business aviation segment and its successful turnaround strategy. With an improving financial outlook and increasing demand for private jets, RBC believes Bombardier’s stock has significant growth potential. Investors looking for exposure in the aerospace sector may find Bombardier an attractive option given its positive trajectory.
