Oracle Stock Is Rising. Bullish AI Cloud Outlook Prompts Another Upgrade.
Barclays analyst Raimo Lenschow's bullish outlook on Oracle's AI cloud prompts him to upgrade the stock to Overweight and raise the target price to $150.
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Posted 9/5/2023, 3:42:00 PM
barrons.com
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Morgan Stanley's upgrade of Tesla's stock to "overweight" and their positive outlook on Tesla's Dojo supercomputer led to a 10% rally in the company's share price, with the potential of adding up to $500 billion to its market value.
Analysts at Morgan Stanley have upgraded Tesla stock to "Overweight" and raised their price objective from $250 to $400, citing the potential value of the new Dojo system, which they believe could add $500 billion to Tesla's market in the future; however, skepticism remains about the timing and impact of the technology, and concerns persist about Tesla's core business and declining margins.