Latest news with #GarrettNelson
Yahoo
2 days ago
- Automotive
- Yahoo
Tesla's Texas robotaxi launch: Expect it to be 'low-key'
Tesla's (TSLA) robotaxi will tentatively launch in Austin, Texas, on June 22, according to CEO Elon Musk. CFRA analyst Garrett Nelson thinks this launch will be more of a "low-key" event compared to its big "Cybercab" debut last year. IN the video above, you can hear more of Nelson's take on the launch and why he thinks the stock has some near-term headwinds. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. What are you expecting from this robo taxi launch? Yeah, thanks for having me. We think it's going to be a lot more low-key than the robo taxi day that Tesla held in Los Angeles last October, which was on a Hollywood movie set, very different type of production. I think this is going to be much more low-key. October or sorry, June 22nd is a Sunday, which is very unusual to have a major product launch, but I don't think that's a coincidence. So, I think it's, you know, expectations are high coming into this, but I think the key is really what happens in the three to six months following this event. So, initially, it's only going to be maybe a dozen or so model wise with the most recent version of full self-driving installed on them, operating in a geofenced area of Austin with the vehicle being supervised remotely as well. So, I think a lot of people are going to say, well, why is this so special? You know, what is Tesla doing here that Waymo isn't already doing with the robo taxis that they are operating in Austin. And I think people are going to look at the size of the geofenced area. Waymos is 37 square miles. How quickly they can expand that geofenced area, and then how quickly they can increase the number of vehicles on the roads and also then expand to other markets. What is the time framing for that scaling that would lead you to then raise your own rating and expectations on the stock? Well, Elon Musk thinks they can have maybe a thousand or so on the road by the end of this summer. It seems a bit optimistic, but we'll see. Our main concerns with this stock right now are number one valuation, given this really dramatic rebound since their first quarter earnings release in April. The stock is up, you know, about 100 points from when they reported earnings, only six or seven weeks ago. So, it's valuation at north of 110 times our EPS estimate for next year, but also ongoing market share losses across their three major markets of China, Europe, and the US. That has continued. You look at the China data, Tesla sales were down 15% in May. Meanwhile, total EV sales were up 38% in China. So, in Europe and the US, it's kind of a similar story. So, those near-term issues really concern us here. We know we're right around the corner from their second quarter deliveries report, which will happen in about three weeks. I don't think that's going to be a great release. And so there's some major near-term challenges and valuation being an issue for us also. In addition to the Big Beautiful Bill, in which Tesla will be losing their tax credits, not only on EVs, but for energy storage and solar products as well.
Business Insider
28-05-2025
- Automotive
- Business Insider
CFRA Sticks to Their Buy Rating for AutoZone (AZO)
In a report released today, Garrett Nelson from CFRA maintained a Buy rating on AutoZone (AZO – Research Report), with a price target of $4,200.00. The company's shares closed today at $3,695.66. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Nelson is a 3-star analyst with an average return of 1.2% and a 54.01% success rate. Nelson covers the Consumer Cyclical sector, focusing on stocks such as AutoZone, CarMax, and Genuine Parts Company. The word on The Street in general, suggests a Strong Buy analyst consensus rating for AutoZone with a $4,008.05 average price target. AZO market cap is currently $64.01B and has a P/E ratio of 25.66. Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AZO in relation to earlier this year. Last month, DOMINGO HURTADO, the SVP of AZO sold 4,800.00 shares for a total of $17,568,000.00.
Yahoo
30-04-2025
- Business
- Yahoo
Is Celsius Holdings Stock Going to $30? 1 Wall Street Analyst Thinks So.
The Wall Street pundit made a significant change to his recommendation. In fact, he knocked the beverage stock all the way down to sell from a buy. One analyst tracking the fortunes of Celsius Holdings (NASDAQ: CELH) is no longer enjoying the taste of the stock. He downgraded his recommendation on the natural ingredients energy drink maker, compounding that with a rather drastic price target cut. Is it time for investors to bail from the stock? In an update on the stock published toward the end of April, CFRA's Garrett Nelson changed his Celsius recommendation from "buy" to "sell," bypassing the middle-ground "hold" tag entirely. Accordingly, he made a significant reduction to his price target, from $45 per share all the way down to $30. Based on the new price target, he anticipates a nearly 20% price decline from the stock's current level of about $36. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » According to reports, Nelson feels the stock's rally over the past few months -- after coming under heavy selling pressure before that -- has made its risk/reward profile unappealing. The analyst also expressed concern over the notable decline in short interest recently. In his view, this makes it less vulnerable to a price-boosting short squeeze. As for Celsius' fundamentals, Nelson acknowledged the company's high gross margins and robust balance sheet. Yet, he wrote, there are concerns about organic revenue development, a key reason why he prefers stocks in the beverage sector that are more defensive, have a broader international profile, and pay relatively high dividends. The CFRA prognosticator certainly raises several solid points about Celsius, both positive and negative. I don't share his bearishness about the company, given what I consider to be its above-average fundamentals for a beverage company, and its nimble top management team. Then again, though, it was over-bought during the pandemic's height, and to some degree the market is still trying to figure out a fair price for the stock. Given that, I'd wait some time for that level to settle before deciding if it's truly a bargain. Before you buy stock in Celsius, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Celsius wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $598,818!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $666,416!* Now, it's worth noting Stock Advisor's total average return is 872% — a market-crushing outperformance compared to 160% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 28, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Celsius. The Motley Fool has a disclosure policy. Is Celsius Holdings Stock Going to $30? 1 Wall Street Analyst Thinks So. was originally published by The Motley Fool
USA Today
29-03-2025
- Entertainment
- USA Today
Reindeer games: Bandbi serves as more than mascot for TCU pep band in March Madness
Reindeer games: Bandbi serves as more than mascot for TCU pep band in March Madness Show Caption Hide Caption What Birmingham Regional NCAA tournament players know about Alabama What do NCAA Women's Tournament basketball players at Birmingham Regional know about state of Alabama? Not much. That's what we found out. USA TODAY Sports Network The TCU marching band has adopted an inflatable deer, Bandbi, as their mascot. Bandbi is waved during opposing teams' free throws in hopes of distracting the shooter. A TCU band member found Bandbi abandoned in a parking lot in 2014. BIRMINGHAM, Ala. — As school bands roll in and out of Legacy Arena for women's March Madness, each has its own way of showing school spirit. Some wear extra stylish uniforms with beaded necklaces, others wear green glittery hats, or even a leprechaun hat. During TCU's Sweet 16 game against Notre Dame on Saturday, fans saw a band accessory most had surely not seen before: an inflatable deer. Bandbi, as the deer is known, has its own X account. In the bio? 'A beacon of truth in the collegiate world. I am also full of hot air (literally!) and my lifeless body is waved by band students.' When the opposing team is shooting free throws, a band member grabs Bandbi, who wears a TCU jersey, and waves it in the air passionately in effort to distract the shooter. 'TCU is in Fort Worth, which is called Funky Town, and since we are from Funky Town, we think having Bandbi shows that and represents us,' sophomore band member Garrett Nelson said. Bandbi was adopted by the TCU band back in 2014. He was abandoned in a parking lot in Funky Town, and a band member at the time decided to take him to a basketball game. When one decided to pick up Bandbi and wave him in the air, and the tradition was born. 'Bandbi has been through a lot and is still here,' senior band member Amanda Whitley said. 'So he represents perseverance.' Like the perseverance that has brought TCU to its first Sweet 16 in program history. Popi Márquez is a student in the University of Georgia's Sports Media Certificate program.
Yahoo
21-02-2025
- Automotive
- Yahoo
Tesla 'should take a look' at Nissan opportunity, analyst says
Japan is reportedly pursuing an investment from Tesla (TSLA) in Nissan (7201.T, NSANY), according to reporting from the Financial Times, after merger talks fell through between Nissan and Honda (HMC, 7267.T). CFRA analyst Garrett Nelson shares his read of the report and the electric vehicle (EV) space at large with Seana Smith and Brad Smith on Morning Brief. "No question, it's a difficult environment, especially if you're a small EV startup that maybe went public three or four years ago," Nelson says, nodding to Nikola's (NKLA) recent bankruptcy filing. "I think Nissan would like to do a deal with Tesla. We know that there are discussions with Honda, [that] reportedly fell through recently," the analyst says, adding, that Nissan is "in a very difficult spot" as "they're like a lot of traditional automakers and that they've been losing market share for a long time now, both to Chinese upstart automakers as well as companies like Tesla who have grown their volume dramatically over the last few years." He notes that "Tesla hasn't indicated any interest in Nissan, but we do think they should take a look at this opportunity. It could make sense for them." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan. Sign in to access your portfolio
