Latest news with #Ives
Business Insider
11 hours ago
- Automotive
- Business Insider
All Eyes on Tesla Stock as Earnings Loom; Daniel Ives Sets Expectations
Tesla (NASDAQ:TSLA) stock is under the microscope as the EV giant gets set to report second-quarter earnings tomorrow (Wednesday, July 23) after the market closes. Beyond the headline numbers, investors will be watching closely for updates on Tesla's innovation efforts – including its Optimus robot, expanding robotics ambitions, and a potential investment in xAI. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Despite ongoing concerns around weak sales, the loss of EV tax credits, and CEO Elon Musk's polarizing reputation, some analysts see a potential shift in the narrative. Among them is Wedbush analyst Daniel Ives, who believes the set-up going into this report is 'dramatically different' from the more cautious backdrop ahead of Q1. 'While on the April earnings call the big focus was Musk officially leaving the Trump Administration and pressure to refocus on being CEO on Tesla….now investors are seeing more of a 'wartime CEO' as Elon is laser focused on the Robotaxi expansion in Austin with more cities soon on the docket for this key autonomous initiative,' Ives opined. Calling Tesla 'one of the clear future leaders in AI,' Ives pointed to the company's growing momentum in autonomous tech and robotics as key catalysts. The analyst believes the market is starting to grasp the scale of what Tesla is building – not just a car company, but an AI-driven platform with massive long-term potential. In his view, that opportunity alone could add $1 trillion in value to the Tesla story. Of course, innovation alone won't carry the story. Tesla also needs to stabilize its core markets, particularly China, where sales have stumbled amid fierce competition. Encouragingly, June marked the first monthly sales increase in eight months, driven by strong demand for the refreshed Model Y. For Ives, this rebound is a key signal that Tesla's execution in its most important growth region is improving. As for the raw results, the Street is expecting revenues of $22 billion, with automotive revenue reaching $16 billion. Gross margins (excluding credits) are seen landing between 13% and 14%, with EPS around $0.39. Still, the loss of EV tax credits remains a looming challenge. Ives cautions that this 'cash cow' will play a smaller role in Tesla's free cash flow by 2026, though he expects management to address the issue on the call and offer guidance for the second half, particularly as China demand recovers and Model Y momentum builds. 'Importantly we anticipate deliveries globally to rebound in 2H led by some improvement on the key China front with the Model Y refresh a catalyst,' Ives further said. Bottom line, Ives remains the most bullish voice on the Street, assigning TSLA shares with an Outperform (i.e., Buy) rating and a Street-high $500 price target. Investors could be sitting on ~50% gains, should Ives's forecast play out as anticipated. (To watch Ives' track record, click here) Generally speaking, the rest of the analyst community is far less optimistic; Tesla stock only claims a Hold (i.e., Neutral) consensus rating, based on a mix of 13 Buys and Holds, each, plus 8 Sells. The forecast calls for a 12-month drop of ~10%, considering the average price target stands at $299.52. (See Tesla stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Business Insider
a day ago
- Business
- Business Insider
PLTR, TSLA, NVDA- Daniel Ives Expects ‘Very Strong 2Q Tech Earnings Season'
Wedbush Securities analyst Daniel Ives is highly optimistic about the technology sector's second quarter earnings season. He believes tech companies will report very strong Q2 results, driven by multiple artificial intelligence (AI) tailwinds. Ives mentioned that strong momentum in AI chips, AI software, and enterprise applications is already benefiting, and will continue to benefit tech stocks through the second half of 2025, with AI's impact still in its early stages. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Ives ranks #896 out of 9,889 analysts tracked on TipRanks. He has a 51% success rate and an average return per rating of 8.90%. The firm's 'Top Tech Picks' for the remainder of 2025 include Nvidia (NVDA), Microsoft (MSFT), Tesla (TSLA), Palantir (PLTR), and Meta (META). Ives Calls AI the 4 th Industrial Revolution Ives argues that AI is fundamentally reshaping the tech sector and that its benefits are just beginning to emerge. 'We have barely scratched the surface of this 4th Industrial Revolution,' he wrote in a research note, describing it as a golden era for technology. Over the next three years, enterprises and governments are expected to spend approximately $2 trillion on AI-related projects, he added. Additionally, Ives believes Wall Street is 'underestimating' the scale of future AI-driven growth, as AI use cases are rapidly expanding with increasing adoption. He added that AI is shifting from the testing phase to the consumption phase, which serves as a major catalyst for software companies. Furthermore, Ives anticipates a favorable policy environment, with ongoing geopolitical risks and tariff uncertainties expected to ease. He highlighted the White House's approval allowing Nvidia to resume its H20 AI chip sales to China as a 'key strategic positive.' Based on this, Ives expects the Trump administration to soften its stance on tariffs. Interestingly, Ives also explained that AI spending has a broad ripple effect across the sector, stating that for every $1 spent with Nvidia, an additional $8 to $10 is invested elsewhere in the tech ecosystem. Which Is the Best Tech Stock to Buy? We used the TipRanks Stock Comparison Tool to determine which stock among Ives' top picks is most favored by analysts. Investors should conduct thorough research before choosing to invest in any of these stocks. Currently, META, MSFT, and NVDA have earned Wall Street's Strong Buy consensus rating, with META offering the highest upside potential among them.
Miami Herald
7 days ago
- Business
- Miami Herald
Microsoft analysts reboot stock price targets ahead of Q4 earnings
Hey, good news, Microsoft (MSFT) , you made the list. The software giant got some high praise indeed from Wedbush analyst Dan Ives, who included the Redmond, Wash., company on the investment firm's list of five top tech picks for the second half. Don't miss the move: Subscribe to TheStreet's free daily newsletter The other names were AI-chip heavyweight Nvidia (NVDA) , Facebook parent Meta Platforms (META) , data-analytics-software company Palantir (PLTR) , and electric-vehicle maker Tesla (TSLA) . "The poster childs for the AI Revolution are led by Nvidia and Microsoft as both are foundational pieces of building on the biggest tech trend we have seen in our 25 years covering tech stocks" on Wall Street, Ives said. The analyst said in a research note that he was expecting a very strong June quarter from Microsoft, "as Azure and Intelligent Cloud upside remain the core drivers of this tech stalwart with AI driving the show." "With over 15% of cloud services now including some form of AI, this technology has become a driver for cloud projects, with more integrations of models into cloud products and services to further drive the top line at lower costs," he said. "[We] believe AI and cloud driven spending will be a high priority area and software should outperform other subsectors of tech." This dynamic clearly benefits the hyperscalers - the giant providers of cloud services and infrastructure, such as Microsoft, Google (GOOGL) and Amazon (AMZN) - front and center, the analyst said. In "a world of tariff uncertainty, these cloud and AI projects are being greenlighted, as C- level management know [that] if they slow down these projects, the strategic impact could be hard to recover from." Ives said that over the past month, in numerous conversations with Microsoft customers and partners, "it has become crystal clear to us that the monetization opportunities around deploying AI in the cloud is a transformational opportunity across the industry, with Redmond in the driver's seat." Related: Veteran analyst issues eye-popping Microsoft stock price target The analyst, who has an outperform rating and $600 stock price target on MSFT, said his thesis remained that cloud and AI monetization is going to comprise a bigger and bigger piece of Microsoft going forward and will ultimately spur growth and margins over the coming years. Microsoft "is just hitting its next phase of monetization on the AI front, and more enterprises are accelerating their AI budgets and strategic footprint with Redmond into fiscal 2026," Ives said. Wall Street is "not fully appreciating the growth story." Microsoft CEO Satya Nadella touted the allure of Azure during the company's third-quarter earnings call in April. "When it comes to cloud migrations, we saw accelerating demand, with customers in every industry, from Abercrombie & Fitch to Coca-Cola and ServiceNow, expanding their footprints on Azure, " he said. "And we remain the cloud of choice for customers' mission critical VMWare, SAP and Oracle workloads, with more regional availability than any other hyperscaler." Azure is a key driver of Microsoft's Intelligent Cloud segment, which also includes server products and other cloud services. The Intelligent Cloud segment's fiscal-Q3 revenue surged 21% to $26.8 billion. The tech giant said in April that it was expecting Azure's fourth-quarter revenue to grow between 34% and 35%. driven by strong demand for the portfolio of services. Microsoft is scheduled to report quarterly results on July 30. The shares are up nearly 20% this year and up 12% from this time in 2024. More Tech Stocks: Amazon tries to make AI great again (or maybe for the first time)Veteran portfolio manager raises eyebrows with latest Meta Platforms moveGoogle plans major AI shift after Meta's surprising $14 billion move Mizuho analyst Gregg Moskowitz raised the investment firm's price target on Microsoft to $540 from $500 and affirmed an outperform rating as part of an earnings preview for the group. Moskowitz said its quarter checks were good overall, with cybersecurity demand "generally healthy" and AI adoption "very strong." But several contacts noted slightly more deal pushouts than expected, which could constrain fundamental upside in the quarter, the analyst said. Moskowitz's favorite stocks to own ahead of the print are Cyberark Software (CYBR) and Microsoft Cantor Fitzgerald raised its price target on Microsoft to $581 from $512 and maintained an overweight rating on the shares. The investment firm said it didn't expect the same positive surprise from last quarter regarding accelerated Azure growth since the economic backdrop in April was tepid, The Fly reported. Cantor said, however, that it saw overall momentum continuing, with its channel checks mostly positive in the near term and for the second half of 2025. Related: Fund-management veteran skips emotion in investment strategy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Business Insider
16-07-2025
- Business
- Business Insider
Palantir Stock (PLTR) Hits Record High: 3 Reasons the Rally Isn't Over
Palantir Technologies (PLTR) surged to a new all-time high on Monday, gaining nearly 5% as investor excitement around its AI-driven government and commercial contracts continues to build. Year-to-date, PLTR stock has gained around 97%. Despite the sharp rally, several key catalysts suggest that Palantir's upward momentum may still have plenty of room to run. Let's dig in. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. 1. Government AI Budgets Are Set to Surge Palantir continues to secure major contracts with U.S. defense and intelligence agencies and is actively involved in key federal AI initiatives, such as the U.S. Navy's tech modernization program and Project Stargate, a national security-focused AI plan. In Q1 2025, Palantir's U.S. government revenue grew 45% year-over-year. Notably, Palantir is strongly involved in two key areas where President Donald Trump plans major spending: defense and energy. Its software is already used by the U.S. military, NATO partners, and big energy companies. As the government rolls out large funding for infrastructure and national security through the proposed 'Big, Beautiful Bill,' Palantir is expected to see even more contract opportunities. 2. Wedbush Sees More Upside Ahead for PLTR Stock Recently, Wedbush's four-star-rated analyst Daniel Ives raised his price target on PLTR stock to a Street-high $160 while maintaining his Buy rating. The new target suggests more than 7% upside from current levels, reflecting continued confidence in the company's long-term AI potential. Ives called Palantir 'one of the best AI plays in the world' and also suggested the company could eventually reach a $1 trillion valuation. While he acknowledged that the stock is expensive, Ives views Palantir as the clear leader poised to tap into trillions in future AI spending. He also thinks Wall Street is underestimating the potential of Palantir's U.S. commercial AI platform (AIP), which he says could generate over $1 billion in annual revenue in the next few years. 3. Palantir's Low-Code AI Platform Sets It Apart From the Competition Palantir's AI platform stands out because it's easy to use, making it accessible even for people without a technical background. It helps businesses quickly build and roll out AI tools across multiple industries. With strong security and customization features, it's hard for competitors to match. As more companies look for simple, powerful AI solutions, Palantir is in a great position to lead and grow its market share. Is Palantir a Good Stock to Buy? Turning to Wall Street, analysts have a Hold consensus rating on PLTR stock, based on three Buys, nine Holds, and four Sells assigned in the last three months. The average Palantir share price target is $106.71, which implies a potential downside of 28.5% from current levels.
Miami Herald
15-07-2025
- Business
- Miami Herald
Veteran trader surprises with Palantir price target and comments
It's not every day that a company gets compared with a soccer phenom and a legacy tech outfit, but then Palantir (PLTR) isn't your everyday company. The Denver data-analytics-software company's stock price touched a record $149.57 on July 14, sparked by growing demand for its artificial intelligence tools. Don't miss the move: Subscribe to TheStreet's free daily newsletter Government contracts accounted for roughly 55% of Palantir's total revenue in 2024, and its software is used across several federal agencies, including the Department of Defense, the CIA, and the Department of Homeland Security. On July 10, Wedbush analyst Dan Ives raised the investment firm's price target on Palantir to $160 from $140 while affirming an outperform rating on the shares. Ives said recent checks and growing confidence in the company's AI strategy are key to the bull thesis on Palantir playing out for the next 12 to 18 months. Image source:Wedbush says Palantir has a "golden path to become the next Oracle" over the coming years, referring to the legacy tech company. While PLTR's valuation is expensive today, Ives said, he sees "the Messi of AI" as a core winner in the trillions of AI spending over the next few years, a nod to Argentine soccer sensation Lionel Messi. More Palantir Veteran fund manager reboots Palantir stock price targetAs Palantir stock soars, veteran trader makes surprising callPalantir reacts to controversial New York Times allegations Palantir remains one of its top names to own in the "Ives AI 30," the analyst said. Its game-changing AIP strategy is quickly becoming a key foundational platform for enterprises developing uses for artificial intelligence in their operations and offerings. The company's government work has also made Palantir a source of controversy. Palantir is building a new tool to provide Immigration and Customs Enforcement with enhanced capabilities to support deportation efforts, Axios reported in May Protesters across the U.S. have targeted Palantir due to its work with ICE, and demonstrators protested outside the company's offices in several locations. In the past Alex Karp, Palantir's co-founder and chief executive, has said that Palantir is "proud to be working with the U.S. government" and that American companies have a "moral obligation" to support the country. TheStreet Pro's Stephen Guilfoyle has strong feelings about Palantir as well. While he's fond of his holdings in Rocket Lab (RKLB) and SoFi Technologies (SOFI) - "those two are almost like children to me" - the veteran trader said "they pale in comparison to the greatest trade I have made in my now almost 40-year career as a professional trader and almost 50 years since I started trading." "Probably one of the real winners when it comes to monetizing their AI services platform," he said. "The firm has made itself indispensable as a U.S. and allied defense contractor, and to nondefense government agencies and the corporate world as well." Guilfoyle, whose career dates back to the floor of the New York Stock Exchange in the 1980s, said he'd been waiting for someone else to compete effectively in this space. Related: Veteran analyst sends bold message on Palantir stock target "I once thought perhaps Snowflake (SNOW) would be the one, but still, as far as I can tell, nobody is even close," he said, Palantir is the only stock that Guilfoyle has named as his stock of the year two years in a row. "From the time I initiated PLTR for Real Money Pro (now TheStreet Pro), PLTR is up a mere 2,192%," Guilfoyle said. "Rock and roll, kids. Just for the record, I still get fired up about 10% and 20% gains in the stocks I trade." Guilfoyle cited the recent NATO 2025 Summit at the Hague that wrapped up in June, where the group approved an increase in defense spending for member nations to 5% of GDP, as demanded by President Donald Trump, "Tanks, artillery, aircraft, naval craft, missiles and missile defense technology will all be in demand, though some of those technologies might have something in common with yesterday's roast beef," he said. Guilfoyle said that intelligence produced through data-based and AI-assisted analysis will only grow in significance. And not just for strategic purposes, "but because it is cost-effective relative to purchasing submarines and fighter aircraft." "This plays straight into the hands of a firm like Palantir," he said. These nations have pledged to upspend on defense, yet most of them are also fiscally strapped. They, in my opinion, are going to spend where they get the most bang for their expense." Guilfoyle reiterated his price target for Palantir at $181, noting that "our current target is the high target on Wall Street and as usual most of Wall Street is still playing catchup." Related: Fund-management veteran skips emotion in investment strategy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
