Top Analyst Ratings for July 4th, 2024
Top Analyst Ratings for July 4th, 2024
Apple Inc. (AAPL): Evercore ISI has reiterated its โBuyโ 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. Evercoreโs bullish stance reflects Appleโs 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 โBuyโ 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 Americaโs endorsement underscores the companyโs potential for continued success in the rapidly growing cloud computing sector.
Tesla Inc. (TSLA): Tesla received mixed reviews from analysts. STA Research upheld its โStrong Buyโ rating and increased its price target from $260 to $300, reflecting confidence in Teslaโs long-term growth prospects and its leadership in the electric vehicle market. Morningstar maintained a more cautious โHoldโ rating with a $200 target, highlighting the volatility and competitive challenges in the EV industry. These divergent views illustrate the ongoing debate about Teslaโs valuation and future trajectory.
Uber Technologies Inc. (UBER): BTIG Research reaffirmed its โBuyโ rating for Uber, setting a price target of $90. Uberโs diversified business model, which includes ride-hailing, food delivery, and freight services, continues to attract investor interest. BTIGโs positive outlook is driven by Uberโs 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 โSector Performโ 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 Financialโs rating suggests a neutral outlook, acknowledging both the companyโs strengths and the headwinds it faces in the Canadian market.