Wedbush

Tesla, Inc. (NASDAQ: TSLA) shares are languishing at their lowest level since August 2021 and it may not be yet time to call the bottom, given the looming risks. A longtime Tesla bull on Thursday slashed his price target for the EV maker's shares, with concerns in China at the center of...

Netflix Inc (NASDAQ: NFLX) shares traded higher by 3.3% on Monday after the company received an upgrade on Wall Street. The Analyst: Wedbush analyst Michael Pachter upgraded Netflix from Neutral to Outperform and reiterated his $280 price target. Related Link: Buy, Sell Or Hold? Netflix, PayPal And...

Elon Musk spooked the market with his early Friday tweet that the Twitter, Inc. (NASDAQ: TWTR) deal is on hold. Wedbush analyst Dan Ives says there are three scenarios at play now: The Street will view the announcement as signaling that the deal could be falling apart. Alternatively, the...

Rivian Automotive Inc (NASDAQ: RIVN) has the potential to be a major electric vehicle stalwart over the next decade but it needs to start delivering models and "stop the excuses" to reach that goal, Wedbush analyst Dan Ives said on Wednesday as he halved his price target on the stock. The...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk’s move to shore up $7.1 billion in new financing from 19 investors including Oracle Corp (NYSE: ORCL) founder Larry Ellison to finance his $44 billion take-private deal is a "smart and strategic move" by the world’s richest man, according...

LYFT Inc (NASDAQ: LYFT) shares plummeted 32% on Wednesday after the company issued second-quarter guidance that came up well short of market expectations. On Wednesday, Lyft reported first-quarter adjusted EPS of 7 cents, beating consensus analyst estimates of a 7-cent loss. First-quarter revenue...

Starbucks shares were rallying Wednesday after the coffee chain reported a second-quarter sales beat. The quarter was helped by strong growth and momentum in the North American segment. The big headwind facing the company is the impact of the China region, which analysts highlighted after the...

Shares of Lyft, Inc. (NASDAQ: LYFT) lost a fourth of their market value in late trading on Tuesday after the ride-sharing company reported its first-quarter results. Reacting to the earnings, an analyst at Wedbush took down his price target for Lyft shares by about 36%. The Lyft...

DocuSign Inc (NASDAQ: DOCU) is among the “have nots” in the tech sector and may continue to see its multiplies compress “as results soften off pandemic highs,” according to Wedbush. The DocuSign Analyst: Daniel Ives downgraded the rating for DocuSign from Neutral to...

Apple Inc (NASDAQ: AAPL) reported better-than-expected second-quarter earnings and revenues. The sore spot was the warning regarding a $4 billion to $8 billion hit from supply disruptions in the third quarter. The Apple Analysts: KeyBanc Capital Markets analyst Brandon Nispel...

Rising food costs, menu price increases and store growth were the big topics highlighted by analysts who cover restaurant company Chipotle Mexican Grill, Inc. (NYSE: CMG). Here are the key analyst takeaways.  The Chipotle Analysts: Morgan Stanley analyst John Glass had an Overweight...

General Motors Company (NYSE: GM) reported first-quarter results Tuesday, with revenues of $35.98 billion missing Street expectations and adjusted earnings of $2.09 per share significantly beating the consensus estimate of $1.68 per share. RBC Capital Markets On General Motors: Analyst Joseph...

Microsoft Corporation (NASDAQ: MSFT) shares traded higher by 7.2% on Wednesday after the company reported an across-the-board earnings beat and demonstrated impressive sales momentum. On Tuesday, Microsoft reported fiscal third-quarter adjusted EPS of $2.22 on revenue of $49.36 billion. Both...

Controversial Tesla Inc (NASDAQ: TSLA) CEO Elon Musk has Wall Street buzzing after social media platform Twitter Inc (NYSE: TWTR) accepted Musk's hostile takeover bid to take Twitter private for $44 billion. Twitter's board of directors accepted Musk's bid on Monday after initially...

Twitter Inc’s (NASDAQ: TWTR) board of directors had its back against the wall after Tesla Inc (NASDAQ: TSLA) CEO Elon Musk revealed he had secured funding to purchase the social media platform, said Wedbush analyst Dan Ives. What Happened: Ives said in a note that “It all came...