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Adam Jonas

All articles tagged with #adam jonas

finance2 years ago•3 min saved

"Investors Predict Tesla Stock Decline as AI Growth Stock Soars"

An informal poll of Tesla institutional investors conducted by Morgan Stanley revealed bearish sentiment, with many expecting the stock to underperform over the next 6-12 months due to concerns about AI, revenue growth, and the broader auto industry challenges. Despite this, Morgan Stanley's analyst Adam Jonas reiterated an Overweight rating and $345 price target on the stock, representing an 80% upside, but acknowledged that Tesla will need to overcome various issues facing the EV and auto sectors to achieve this.

via Yahoo Finance|

#adam-jonas #ai #finance

finance3 years ago•2 min saved

Tesla investors urged to wake up as stock downgraded again.

Morgan Stanley analyst Adam Jonas downgraded Tesla stock to Equal Weight from Overweight but raised his price target to $250 from $200, citing somewhat unrealistic expectations on AI hopes that have brought the stock to what he sees as a fair valuation. Jonas believes Tesla is an “AI beneficiary AND an auto company,” but warns that a re-rating on this theme is in the realm of the non-disprovable bull case. Despite the rating downgrade, Jonas still sees Tesla as a “must own” in the auto space due to its supply chain prowess and relative margin strength.

via Yahoo Finance|

#adam-jonas #ai #finance

finance3 years ago•1 min saved

Tesla's stock downgraded twice in two days as analysts turn cautious.

Morgan Stanley analyst Adam Jonas downgraded his rating on Tesla stock to hold from buy, citing valuation concerns and increased competition in the EV market. Despite increasing his price target on the stock to $250, Jonas expects material negative revisions for Tesla consensus earnings forecasts and a long-term trend of price downs/ATP declines at Tesla. Tesla shares have rallied 111% YTD, but Jonas believes the company will continue to lower its vehicle prices amid intensifying competition with Chinese EV players and a slowing auto consumer.

via MarketWatch|

#adam-jonas #ev-market #finance