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Nikola Gets Wedbush Upgrade As 'Negative Catalysts' Have Played Out
Monday, February 1, 2021 - 5:08am | 487Read More...Nikola Corp (NASDAQ: NKLA) has received an upgrade from Wedbush as most of the “negative catalysts” have played out. The Nikola Analyst: Wedbush analyst Daniel Ives changed his rating to Neutral on Nikola from the previous Underperform and upped the price target to...
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Tesla On Track To Beat Its Ambitious Delivery Target Of 500,000 Deliveries For 2020, Says Wedbush
Wednesday, December 30, 2020 - 6:26am | 543Read More...Tesla Inc (NASDAQ: TSLA) is on track to meet the delivery target of 500,000 units for the year, according to Wedbush analyst Daniel Ives. The Tesla Analyst: Ives has a Neutral rating on the Tesla stock and a 12-month price target of $715. In a bull-case scenario, the stock could...
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Alibaba Regulatory Woes A 'Nirvana Set Up' For FAANG Stocks, Says Analyst
Tuesday, December 29, 2020 - 6:12am | 539Read More...The regulatory crackdown on Chinese “tech stalwarts” such as Alibaba Group Holding Ltd (NYSE: BABA) is favorable for the so-called FAANG stocks, according to Wedbush analyst Daniel Ives. What Happened: Ives theorized in a note Monday that the decoupling between the United States and...
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Apple Gets $200 Bull Case Target From Wedbush On Strongest Product Cycle Since 2014
Wednesday, December 9, 2020 - 2:15am | 360Read More...Apple Inc (NASDAQ: AAPL) is experiencing an iPhone 12 “supercycle” and seeing “major tailwinds,” not seen since 2014, which could propel the tech giant’s stock to $200 levels, according to Wedbush Securities. The Apple Analyst Wedbush analyst Daniel Ives...
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Tesla Gets $1,000 Bull-Case Target From Wedbush On China, Europe Outlook
Sunday, November 22, 2020 - 10:57pm | 416Read More...Tesla Inc (NASDAQ: TSLA) is likely to achieve its million delivery units target by 2023, with 2022 not out of the question, Wedbush Securities said — ratcheting up its bull-case price target for the automaker from $800 to $1,000. The Tesla Analyst: Daniel Ives maintained a Neutral rating on...
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Alibaba Plans Massive Cloud Investment, Wedbush Sees 'Key Turning Point'
Monday, April 20, 2020 - 9:35am | 434Read More...Alibaba Group Holding Ltd (NYSE: BABA) announced plans Monday to invest 200 billion yuan ($28 billion) in its cloud computing division over the next three years. This is a major strategic move by the company, which is poised to benefit from a ramp in demand for various cloud...
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Apple Averted An iPhone Fiasco With Phase 1 Trade Deal
Friday, December 13, 2019 - 3:55pm | 717Read More...The standoff in the U.S.-China trade talks has continued to haunt the financial markets for a while now. Stocks with significant exposure to China have been see-sawing amid conflicting reports concerning a resolution. With some clarity emerging with the clinching of a Phase 1 deal between the U.S...
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Analyst Concerned About Harley's International Business
Tuesday, July 23, 2019 - 3:35pm | 214Read More...James Hardiman, managing director at Wedbush Securities, spoke on CNBC's "Squawk Box" about Harley-Davidson's (NYSE: HOG) earnings report. The company managed to beat on the bottom line, but it missed its revenue estimate. Hardiman said domestically Harley-Davidson missed...
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Analysts React To Tesla's Delivery Miss, Tax Credits
Wednesday, January 2, 2019 - 2:00pm | 443Read More...Tesla, Inc. (NASDAQ: TSLA) investors missed out on the market bounce off of morning lows Wednesday after the company’s Q4 deliveries number fell short of analyst expectations. Analysts stepped in to defend Tesla’s long-term outlook, but it seems as though the problems that plagued the...
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Wedbush: Trade War Could Mean Supply Chain Disruption, Higher Costs For Tech Sector In 2019
Monday, December 31, 2018 - 2:02pm | 440Read More...The ongoing trade war between the U.S. and China has been a primary cause of stock market volatility in a disappointing year on Wall Street in 2018. Heading into 2019, there’s no end in sight to the trade war and Wedbush Securities analyst Daniel Ives said Monday that it's a...
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Pachter: Video Game Stocks Are 'Relatively Recession-Proof'
Wednesday, December 26, 2018 - 12:44pm | 671Read More...Wedbush Securities analyst Michael Pachter joined Benzinga’s PreMarket Prep trading show this week to discuss several topics, including the downturn in video game stocks and several other entertainment-related companies under his coverage. Game Over? Equities have taken a beating over...
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Wedbush Analyst: No Turbulence For GoPro In Wake Of Snap Drone Hype
Wednesday, May 31, 2017 - 11:40am | 433Read More...Snap Inc (NYSE: SNAP) rocked the camera space this week on news of its quiet acquisition of drone company Ctrl Me Robotics. But the 2016 purchase and implicit shift in focus don’t necessarily warrant concern for GoPro Inc (NASDAQ: GPRO) and other competitive camera firms. Wedbush Analyst's...
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Q4 Box Office Sales Tracking Down 5%
Tuesday, December 27, 2016 - 10:28am | 407Read More...Wedbush Securities said the fourth-quarter box office figures appear to be tracking down 5.2 percent year-over-year through December 26 given tough comparisons. Analyst Michael Pachter noted that October collections fell 8.1 percent to $657 million as the month faced a difficult comparison from "...
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Wedbush Adjusts Targets On Credit Card Lenders, Pawn, Installment Names
Wednesday, November 30, 2016 - 1:32pm | 846Read More...Wedbush has raised the price targets of specialty finance firms to reflect an increase in valuation multiples accompanying the rally in financials since November 9, impact of higher rates and changes in currency. Commenting on the sector, analyst Henry Coffey Jr. believes a Republican Congress/...
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How 'Call Of Duty' Sales Are Affecting Activision Blizzard
Wednesday, November 30, 2016 - 11:18am | 472Read More...November 4 saw the release of "Call of Duty: Infinite Warfare," one of Activision Blizzard, Inc. (NASDAQ: ATVI)'s flagship titles. The annual release of entries in the first-person shooter franchise usually means big sales for the compnay. So, why are traders feeling so nervous about the stock?...
