Tesla Downgraded, Texas Roadhouse Upgraded, TriPointe Upgraded on Pricing Strength | Top Calls
As a crypto investor, it is essential to stay updated on the latest market calls and recommendations. Today, three prominent companies are making headlines in the stock market. Tesla has been downgraded by Wells Fargo, Texas Roadhouse has been upgraded by Baird, and TriPointe Homes has received an upgrade from RBC. Let’s delve into these top calls and understand the implications for each company.
Tesla: Analysts Downgrade to Underweight
– Tesla, known as the ultimate growth stock, has seen a recent downturn in its performance.
– Analysts at Wells Fargo have downgraded Tesla to underweight due to the lack of growth.
– Tesla now has 13 sell equivalent ratings, double the number from just 11 months ago.
– Wells Fargo analyst Colin Langan believes Tesla’s strategy of cutting prices to boost demand has run its course.
– Langan predicts flat volumes this year and a decline next year for Tesla.
– Tesla’s shares are down by about 4% on the day, following a 30% drop since the beginning of the year.
Texas Roadhouse: Upgraded to Outperform
– Texas Roadhouse has received an upgrade to outperform from Baird.
– The upgrade is based on standout traffic at Texas Roadhouse restaurants.
– The analyst at Baird believes Texas Roadhouse still has room to grow, even with recent strength factored in.
– The price target for Texas Roadhouse has been raised to $175, implying a 12% increase from current levels.
– Texas Roadhouse’s shares are set to close at a record high today, demonstrating the positive sentiment surrounding the company.
TriPointe Homes: Upgraded on Pricing Strength
– TriPointe Homes has been upgraded to outperform from sector perform by RBC.
– The price target for TriPointe Homes has been set at $38.
– The upgrade is based on improved pricing for the homebuilder.
– Analysts expect this pricing strength to lead to gross margin and profit upside as the year progresses.
– TriPointe Homes focuses on high-growth areas in California and the U.S. Southwest.
– Investors are showing interest in TriPointe Homes, with the stock experiencing a 3% increase, the best day since late January.
Hot Take
As a savvy crypto investor, it is crucial to pay attention to analyst calls and recommendations in the stock market. Today’s top calls highlight important developments in the performance of Tesla, Texas Roadhouse, and TriPointe Homes. While Tesla faces a downgrade due to stagnant growth, Texas Roadhouse and TriPointe Homes have received upgrades based on their strong performance and pricing strength. Keep an eye on these companies as they navigate the market dynamics and strive for growth and profitability.
By
By
By
By
By