Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul class="summary-list"><li>Wedbush reiterated its Nikola "neutral" rating and lowered its price target to $13 from $25.</li><li>The analysts question whether Nikola can hit its forecasts in a timely manner. </li><li>Shares of Nikola slipped 6.1% Monday morning to $10.31.</li></ul>Wedbush cut its <a href="https://markets.businessinsider.com/stocks/nkla-stock?utm_source=markets&amp;utm_medium=ingestgest">Nikola </a>price target in half Monday morning as its analysts questioned the electric automaker's ability to follow through on its ambitious forecasts in a timely manner."Overall we still believe the company's EV and hydrogen fuel cell ambitions are hittable in the semi- truck market, although we still have clear concerns that the execution and timing of these ambitious goals stay on track over the coming years,"a team of analysts led by Dan Ives said. The firm cut its target from $25 to $13. Shares of Nikola fell as much as 6.1% Monday morning to $10.31. The electric automaker is down nearly 31% year-to-date. The analysts noted that one of the major drivers of Nikola's stock price has been expectations that its investing into a hydrogen- powered battery. This type of battery and electricity is believed to be much more beneficial than the traditional battery electric motors in current electric vehicles use. Nikola currently has prototype trucks in Germany completed and its Arizona flagship factory build-out is right on schedule, so the automaker seems to be moving in the right direction to build out the battery, Wedbush said. Right now though, Nikola is pre-revenue and needs to build up Wall Street credibility slowly, the analysts added. "In a nutshell, NKLA is a "prove me" story looking ahead and the company laying out a tight and step by step roadmap that investors can clearly judge success/failure will be the key to success between now and 2023 in our opinion with the Street's skeptical view awaiting the next steps," said Wedbush. Nikola has fallen nearly 89% since it went public last June and hit a whopping $93.99 a share. Last week, <a href="https://markets.businessinsider.com/news/stocks/nikola-stock-price-bearish-forecast-operational-headwinds-insider-selling-cfra-2021-4-1030313248">CFRA Research lowered their price target to $8 </a>for Nikola and reiterated their "sell" rating due to "daunting operational headwinds" and consistent insider sales.

Nikola's stock-price target cut in half at Wedbush as the firm questions the electric automaker's ability to hit its ambitious forecasts

<ul class="summary-list"><li>Morgan Stanley on Monday cut its price target on <keyword id="11893181" type="UNKNOWN" weightage="60" keywordseo="amazon" source="Orion">Amazon</keyword> stock to $4,100 from $4,300 but kept its overweight rating.</li><li>The investment bank sees the retailer facing profit pressure as it hires thousands of people and raises wages. </li><li>But the $4,100 target still implies a 21% gain from Monday's intraday stock price of $3,396.</li></ul><a href="https://markets.businessinsider.com/stocks/amzn-stock">Amazon</a>'s plans to hire thousands of people and increase wages will likely put pressure on its profit, said Morgan Stanley on Monday in cutting its price target and profitability projections on the e-commerce behemoth. The investment bank lowered its price target by nearly 5% to $4,100 from $4,300 but kept its overweight rating intact. Morgan Stanley said Amazon's workforce growth will allow it to capture further gains in market share, increase shipping speeds, and open doors to new business avenues such as third-party logistics. However, "the cost of labor is rising," said analysts led by Brian Nowak in a research note.Amazon earlier in September said it would <a href="https://press.aboutamazon.com/news-releases/news-release-details/amazon-announces-plans-hire-125000-employees-hundreds-cities-and">hire 125,000 people for fulfillment and transportation jobs</a> across the US, coming on top of 40,000 corporate and technology jobs it had planned to add. It also said it would bump up its average starting wage to $18 an hour and up to $22.50 an hour in some locations. And Amazon is offering a $3,000 sign-on bonus in certain places. Morgan Stanley estimated Amazon's US logistics workforce this year will grow to 700,000 from 500,000. And with rising wages and benefits, the bank's analysts foresee total labor costs rising about $4 billion, or by 60%, in the fourth quarter of 2021 from the same quarter in 2020. That prompted the bank to lower its projection for 2021 earnings before interest and taxes by 16% to $5.6 billion, and by 19% to $9.5 billion for 2022. The $4,100 price target still suggests further upside for Amazon stock, which from Monday's price around $3,396 implied a 21% gain. "Near-term estimates are heading lower...but in our view it is also important to remember that rising wages are impacting all businesses (most recently FedEx last week) and AMZN competitors," wrote Nowak. This year, Amazon's stock had advanced 5.2% through last week.

Amazon's price target cut by Morgan Stanley as the bank sees hiring pressure building and wage costs surging

<ul class="summary-list"><li>The <keyword id="12168896" type="UNKNOWN" weightage="60" keywordseo="new-york-stock-exchange" source="Orion">New York Stock Exchange</keyword> is investigating a spike in <keyword id="11949117" type="UNKNOWN" weightage="60" keywordseo="shopify" source="Orion">Shopify</keyword> stock, according to New York Magazine.</li><li>Shopify surged $100 to $780 in the last minute of trading on March 18.</li></ul>The New York Stock Exchange is investigating why Shopify's stock rapidly surged by $100, or 14%, in the last minute of trading on March 18, <a href="https://nymag.com/intelligencer/2022/03/nyse-investigates-citadel-citigroup-over-shopify-stock-jump.html">New York Magazine reported</a>.Shares of the e-commerce company were trading around $680 when they suddenly leapt to about $780 a minute before trading closed, ending the day up 18.65%. It then immediately plunged in post-market trading.The speed and scale of the move in the <keyword id="11949095" type="UNKNOWN" weightage="60" keywordseo="stock-price" source="Orion">stock price</keyword> was unusual in that there was no news or announcement that might have promoted a market reaction, which was what led to the <keyword id="11947910" type="UNKNOWN" weightage="60" keywordseo="nyse" source="Orion">NYSE</keyword> launching an investigation.The NYSE declined to comment when contacted by Insider. Shopify shares were trading around $732 on Tuesday.Such rapid price fluctuations are not unheard of. Notably, Facebook parent company Meta's stock lost more than 26% and $200 billion in value <a href="https://markets.businessinsider.com/news/stocks/facebook-stock-price-meta-q4-earnings-mark-zuckerberg-tiktok-revenue-2022-2">in a single day</a> on February 3 this year after unveiling its quarterly results. This was the biggest one-day stock crash in market history and the biggest single-day loss in market value of any US company.

The NYSE is investigating a sharp spike in Shopify's price that led to an estimated $18 million in losses: report

Samvat 2077: Bharti Airtel, Infosys, ICICI Bank, SBI, Varun Beverages and Can Fin Homes stocks are among the top Diwali picks

<ul><li><a href="https://markets.businessinsider.com/stocks/dash-stock">DoorDash</a> slid as much as 8.8% on Thursday as investors secured gains from the stock's post-IPO pop.</li><li>The food-delivery company <a href="https://markets.businessinsider.com/news/stocks/doordash-stock-price-ipo-public-trading-debut-nyse-dash-offering-2020-12-1029878632">surged 86%</a> above its offering price on Wednesday as trading of its shares kicked off.</li><li>While shares touched an intraday high of $195.50 in the firm's trading debut, Thursday's selling dragged the stock price below its Wednesday opening level of $182.</li><li><keyword id="2675287" type="PERSON" weightage="60" keywordseo="Doordash">DoorDash</keyword> raised $3.4 billion by selling shares at $102 each.</li><li><a href="https://markets.businessinsider.com/stocks/dash-stock">Watch DoorDash trade live here</a>.</li></ul><a href="https://markets.businessinsider.com/stocks/dash-stock">DoorDash</a> fell as much as 8.8% on Thursday, paring some of the massive gains seen in its first day of public trading.The food-delivery company <a href="https://markets.businessinsider.com/news/stocks/doordash-stock-price-ipo-public-trading-debut-nyse-dash-offering-2020-12-1029878632">leaped 86%</a> above its initial-public-offering price after the stock made its debut on the New York Stock Exchange on Wednesday. DoorDash raised $3.4 billion by selling shares at $102 each. The stock opened at $182 Wednesday afternoon and reached an intraday high of $195.50.Shares slid below their Wednesday opening level before <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> opened on Thursday, signaling investors who took in hefty profits from the <keyword id="6354763" type="UNKNOWN" weightage="60" keywordseo="ipo">IPO</keyword> pop moved quickly to lock in gains.Read more: <a href="https://www.businessinsider.com/stocks-to-buy-post-pandemic-gains-banks-renewables-capital-goods-2020-12">Deutsche Bank says you should own these 14 stocks set to be post-pandemic winners - including one that could rally by 67%</a>Even with the company's mild Thursday drop, DoorDash still boasts a market cap of roughly $52 billion. That handily exceeds the $15 billion valuation it achieved in the private market earlier this year.Some of the market's bullishness was linked to the firm's outperformance throughout the coronavirus pandemic. DoorDash's third-quarter revenue grew 268% from the year-ago period as Americans increasingly moved to delivery services over eating out.The company's post-IPO rally sets the stage for similar pops for upcoming debuts. Airbnb is set to begin trading on Thursday after raising $3.5 billion in its own offering. The company priced shares at $68 each, above the $56 to $60 range it forecasted on Monday.ContextLogic - the parent company of Wish - and gaming platform Roblox are also slated to go public before the end of the year.DoorDash traded at $176.25 as of 10:45 am ET on Thursday.Now read more markets coverage from Markets Insider and Business Insider:<a href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-overvalued-sp500-inclusion-outlook-jpmorgan-tsla-2020-12-1029878536">'Not only overvalued, but dramatically so': Tesla stock should be avoided ahead of the automaker's S&amp;P 500 inclusion, JPMorgan says</a><a href="https://markets.businessinsider.com/news/stocks/jeremy-grantham-accidental-millions-profit-quantumscape-spac-blank-check-deal-2020-12-1029877766">Legendary investor Jeremy Grantham made an accidental $265 million profit on a SPAC deal after previously criticizing blank-check companies</a><a href="https://www.businessinsider.com/cathie-wood-market-outlook-tesla-salesforce-slack-merger-bitcoin-webinar-2020-12">Cathie Wood is beating 99% of fund managers this year. The ARK CEO and her team share their outlooks for 2021 - including thoughts on Tesla's $5 billion stock sale, the Salesforce-Slack tie-up, and bitcoin's meteoric rise.</a>

DoorDash falls 9% after its stock price nearly doubles in first day of trading

<ul><li><a href="https://markets.businessinsider.com/stocks/gs-stock">Goldman Sachs</a> analysts lifted their <keyword id="168082" type="PERSON" weightage="60" keywordseo="price-target">price target</keyword> for <a href="https://markets.businessinsider.com/stocks/pton-stock">Peloton</a> stock to a Street-high $96 from $84 on Thursday, implying a 43% increase from Wednesday's close to August 2021.</li><li>Wall Street's expectations for the fitness equipment company's growth "remain far too low," the team wrote in a note to clients.</li><li><keyword id="240276" type="PERSON" weightage="60" keywordseo="Peloton">Peloton</keyword> sales surged through the pandemic as Americans looked to work out in quarantine. That trend is set to continue as gyms struggle to bring back clients, Goldman said.</li><li>The company gained as much as 7.6% in Thursday trading.</li><li><a href="https://markets.businessinsider.com/stocks/pton-stock">Watch Peloton trade live here</a>.</li></ul><a href="https://markets.businessinsider.com/stocks/pton-stock">Peloton</a> stock is worth far more than its current levels and most of Wall Street just doesn't know it yet, <a href="https://markets.businessinsider.com/stocks/gs-stock">Goldman Sachs</a> said Thursday.The team of analysts led by Heath Terry lifted its price target for the fitness hardware stock to a Street-high $96 from $84, implying a 43% leap from Wednesday's close. Estimates for Peloton's growth and future profits "remain far too low," according to the bank.Sales have soared through the pandemic as more Americans look to stay fit in quarantine. Peloton's weeks-long order backlog signals lasting demand, and the company's move to double production in June has yet to impact its stock price accordingly. Shares are all but certain to surge once investors catch on to the company's dominance, the analysts said."This isn't simply pull forward, but rather an acceleration and steepening of the adoption curve as network effects are amplified, marketing spend is repurposed, and the fundamental fitness landscape is altered," Goldman said.Read more: <a href="https://www.businessinsider.com/apple-stock-options-trading-strategy-boost-returns-amid-rally-bofa-2020-8">Bank of America shares a trading strategy designed to boost returns from a 'potential blow-off' rally in Apple's stock as it surges past big-tech peers</a>Peloton traded as much as 7.6% higher following the note's release. The stock is up roughly 220% from its March low.The company is slated to report fiscal fourth-quarter earnings on September 10, and Goldman has high hopes for its performance through the pandemic. The analysts expect Peloton to post 208,000 new subscribers compared to the consensus estimate of 199,000, according to FactSet.Forward guidance will more dramatically outpace the average estimate, the team added. Goldman sees Peloton boasting a September-quarter profit of $178 million, more than 10 times the $12 million consensus expectation.The bank's earnings estimate could even surprise to the upside, the team said, "given the lack of marketing spend in the quarter."The rapid growth is set to continue well into the end of the coronavirus crisis, according to the bank. The already strong demand for Peloton's products will balloon as Americans are slow to return to commercial gyms and "word of mouth" marketing increases exponentially.Once Peloton enjoys several quarters of revenue outperformance and little-to-no marketing costs, the company should enjoy "meaningful flow-through to bottom-line profitability" similar to other digital subscription firms including <a href="https://markets.businessinsider.com/stocks/nflx-stock">Netflix</a> and <a href="https://markets.businessinsider.com/stocks/etsy-stock">Etsy</a>, the team said. The fitness firm should be able to notch "meaningful near-term profitability" as soon as the second quarter, they added.Peloton traded at $70.42 per share as of 3:25 p.m. ET, up 153% year-to-date.Now read more <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> coverage from Markets Insider and Business Insider:<a href="https://markets.businessinsider.com/news/stocks/federal-reserve-inflation-jerome-powell-jackson-hole-comments-crisis-strategy-2020-8-1029540793">Fed to overhaul approach for controlling inflation to better handle future downturns and reach full employment, Jerome Powell says</a><a href="https://markets.businessinsider.com/news/stocks/stock-picks-top-7-long-term-millennial-investor-market-panel-2020-8-1029539822">We asked hundreds of millennial investors for their top long-term stock pick. Here are the top 7 most popular responses.</a><a href="https://www.businessinsider.com/stock-picks-to-buy-cheap-companies-strong-earnings-morgan-stanley-2020-8">MORGAN STANLEY: Buy these 12 underappreciated stocks that offer strong profit growth and are due for a surge</a><a href="https://markets.businessinsider.com/stocks/pton-stock"><div type="image" title="PTON" height="1120" width="1446" msid="77794097" hostid="261"></div></a>

Peloton will soar 43% from current levels as its stock catches up with surging demand, Goldman Sachs says

Food delivery startup <keyword id="830092" type="General" weightage="100" keywordseo="zomato" source="Orion">Zomato</keyword> is in a soup for several reasons – the primary one being the 70% fall in its stock price since it hit an all-time high back in November last year. The other reason is the “high conviction buy” recommendation by a research firm, putting focus on an already-battered stock. Zomato has been unable to keep any of the parties it serves happy – customer complaints are unending, its restaurant partners have <a href="https://indianexpress.com/article/business/companies/ban-after-complaints-amid-pushback-by-restaurants-zomato-defers-quality-policy-7872695/">raised concerns</a> several times, its delivery executives are <a href="https://www.thehindu.com/news/national/kerala/zomato-delivery-agents-go-on-strike/article65217978.ece">unhappy</a> over incentives being cut down, the government is <a href="https://www.businessinsider.in/stock-market/news/zomato-shares-dip-after-ccis-probe-order/articleshow/90656032.cms">wondering</a> if Zomato’s business practices are anti-competitive, and lastly, shareholders have seen their investment value fall faster than the escape velocity of Jupiter. And the one equity research firm which stood behind the company was also trolled. Brutal times, these. <div type="twitter" handle="nilishamantri_" handlename="CA Nilisha Mantri" image="http://pbs.twimg.com/profile_images/1552626634905485319/U5oOtwAR_normal.jpg" favoritecount="1327" retweetcount="94" status="Zomato delivery charges are higher than the share price 🥴#Zomato" createdat="1658846745000" id="1551941852496273408"></div> <div type="twitter" handle="sir_jeeee" handlename="Anup Gupta" image="http://pbs.twimg.com/profile_images/1547959528087375872/1Lj3EKv8_normal.jpg" favoritecount="60" retweetcount="8" status="#Zomato to share holders #ZomatoShares https://t.co/TDMc6qzoxV" createdat="1658825900000" id="1551854421654511616"></div> But memes on social media don’t always tell us the full story – retail investors have actually increased their stakes in the food delivery startup over the last three quarters. <div type="image" title="Zomato shareholding pattern Q1 FY23" msid="93198743" hostid="261" sizebytes="20884" caption="&amp;lt;p&amp;gt;Zomato shareholding pattern Q1 FY23&amp;lt;/p&amp;gt;"></div> In the same period, foreign investors and mutual funds have pulled out their money – the foreign investor pullout can be attributed to the <a href="https://www.businessinsider.in/stock-market/news/foreign-investors-have-pulled-out-more-money-this-year-than-they-brought-in-between-2009-2021/articleshow/91747269.cms">overall FII selloff</a> that emerging markets like India have seen over the past few months, but the mutual fund pullout suggests institutions are paring their stakes. Retail investors, on the other hand, have increased their stake by more than two times. Here’s what a Stocktwits India poll suggests about the stock. <div type="image" title="Are you buying Zomato at current levels" msid="93196272" hostid="261" caption="&amp;lt;p&amp;gt;Are you buying Zomato at current levels&amp;lt;/p&amp;gt;"></div> Delivery issues aside, Zomato charges and price hikes are a pain, too To be clear, the kind of business that Zomato is in, customer complaints are but a given. From wrong food items being delivered to quality, hygiene, delays – this is just a sample of what companies like Zomato and Swiggy face on a daily basis. Keeping those issues aside, Zomato has also been called out by its customers over prices – food prices on Zomato are often higher than the actual prices in those food outlets. It’s a problem which no one seems to be keen on solving – not Zomato and not the restaurants either. The reason for the sometimes-massive difference in prices is easy to understand – Zomato charges 24-28% of the order value as a commission from restaurants, who understandably pass on the cost to customers. Essentially, you are paying a much higher price for dining in than dining out. In some cases, the prices could be as much as 35% higher. And it’s not a problem restricted only to Zomato – even Swiggy users have similar complaints. Sample this – I wanted to order everyone’s favorite, fried rice, the other day. I went over to Zomato since I have a membership, but the service did not have any delivery partners to assign to that eatery. Naturally, I switched to Swiggy and tried to place the order, but backed out because the final price was 75% higher than what I would have to pay at the eatery myself. I thought to myself that I would much rather pay the additional cost to the eatery instead of having Swiggy take it away. And it’s not just a few instances of Zomato (and Swiggy) charging much higher prices – social media is full of these experiences. <div type="twitter" handle="akshita71499181" handlename="akshita" image="http://pbs.twimg.com/profile_images/1252850560299962381/paCThm0v_normal.jpg" favoritecount="56" retweetcount="7" status="What type of customer service is this @zomato ?? For a dish worth ₹88 I have to pay ₹213. This is sick 😤😤😤… https://t.co/6AASECkT9R" createdat="1658836351000" id="1551898253620232194"></div> Zomato’s boilerplate response to this is that the prices being charged by restaurants on its service are not under the company’s control. However, things like <keyword id="3947714" type="General" weightage="20" keywordseo="Delivery-Charges" source="Orion">delivery charges</keyword> and surge pricing are under the company’s control. And the reason restaurants charge higher on Zomato is because of its commissions, nothing else. This is a cash burning business – and analysts think Zomato has no other option Zomato’s ballooning losses could continue to be its Achilles' heel for the foreseeable future. This is a cash burning business, and analysts think Zomato has no other option but to continue doing this. Zomato’s ₹4,400 crore acquisition of Blinkit has drawn flak for different reasons – from it being an expensive purchase to being a cash sink, the overall outlook has been negative. However, analysts at HSBC Global Research suggest this is a necessary evil for the company if it wants to remain competitive with Swiggy. To jog your memory, Blinkit is a grocery delivery service, rivaling the likes of Big Basket, JioMart, Swiggy Instamart among others. Analysts at HSBC believe Zomato needs to now integrate Blinkit into the Zomato app if it wants to realize the synergy gains from this acquisition. Not only would this help Zomato users, it would also help the company increase user stickiness and reduce customer acquisition costs for both Zomato and Blinkit. On the outset, this logic looks sound – after all, acquisitions are made for synergy gains. But the analysts at Jefferies believe this could likely be a cash guzzler – something that Zomato investors might not like, yet. Zomato’s task is cut out, and for the sake of its investors and everyone else who loves food and wants it delivered, let’s hope the company manages to weather this storm. <div type="image" title="“Zomato’s delivery charges are more than its stock price”" msid="93196242" hostid="261" caption="&amp;lt;p&amp;gt;&amp;#8220;Zomato&amp;#8217;s delivery charges are more than its stock price&amp;#8221;&amp;lt;/p&amp;gt;"></div> Before we let you go, here's something we would like you to know- Startup to Unicorn to Scion... Innovaccer stands tall as the healthcare tech giant who is accelerating healthcare innovation and transformation. Catch Sandeep Gupta, COO &amp; Co-Founder, Innovaccer, and Dan Sheeran, GM, Healthcare and Life Science, AWS in conversation in the upcoming episode of Business Insider India’s SaaS Scions, powered by AWS. <div type="image" title="Business Insider India&amp;#39;s SaaS Scions, powered by AWS." msid="93196317" hostid="261" caption="&amp;lt;p&amp;gt;Business Insider India&amp;#39;s SaaS Scions, powered by AWS.&amp;lt;/p&amp;gt;"></div>

SIMPLY PUT: “Zomato’s delivery charges are more than its stock price”

<ul class="summary-list"><li><keyword id="21880" type="PERSON" weightage="60" keywordseo="Playboy">Playboy</keyword>'s parent said it has commenced an underwritten public offering of 4 million shares of its common stock.</li><li id="recirc"><a href="https://www.businessinsider.com/?hprecirc-bullet"></a>PLBY Group's capital raise comes as its stock has gained roughly 285% since its February public debut.</li><li>Playboy went private in 2011 but reemerged with a focus on lifestyle and sexual health.</li></ul>Playboy's parent <a href="https://markets.businessinsider.com/stocks/playboy-stock?utm_source=markets&amp;utm_medium=ingestgest">PLBY Group</a> announced Monday it has commenced an <a href="https://www.globenewswire.com/news-release/2021/06/07/2243109/0/en/PLBY-Group-Announces-Proposed-Public-Offering-of-Common-Stock.html">underwritten public offering of 4 million shares</a> of its common stock. Shares of PLBY fell Tuesday morning but recouped losses and are set to close in the green.The adult lifestyle company intends to use the net proceeds from the proposed offering to fund "future growth, including potential future acquisitions, and for working capital and general corporate purposes."Playboy's capital raise comes as its <a href="https://markets.businessinsider.com/news/stocks/playboy-stock-price-plby-group-nft-magazine-market-blockchain-nifty-2021-4-1030324857">stock price skyrockets</a>. PLBY is up roughly 285% since merging with a special purpose acquisition company in February.Canaccord Genuity and Stifel are acting as joint book-running managers for the offering. Roth Capital Partners, Chardan, Craig-Hallum and Loop Capital <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">Markets</keyword> are acting as co-managers for the proposed offering, the company said in a <a href="https://www.plbygroup.com/static-files/5d8dfb8e-b6d6-4464-928c-332e608511e7">filing</a>. PLBY Group plans to grant the underwriters a 30-day option to purchase up to an additional 600,000 shares of stock at the public offering price, less underwriting discounts and commissions.Playboy went private in 2011 amid declining ad sales but rejoined public markets this year with a focus on rebranding its adult entertainment focus to lifestyle and sexual health. In April, Playboy announced a partnership with online NFT marketplace Nifty Gateway.

Playboy says it's selling 4 million shares of stock after gaining 285% since SPAC IPO

<div style="float: right; margin: 15px 0 20px 20px;"><table border="0" cellspacing="0" cellpadding="0"><tbody><tr><td colspan="2"><a href="https://static-ssl.businessinsider.com/category/chart-of-the-day"> </div></div></div>For more, <a href="http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2585811">check out the full paper here</a>. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/401k-james-altucher-retire-scam-investing-taxes-2015-6">James Altucher defends his outrageous claim that you shouldn't invest in your 401(k)</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="ZlMGV4dToitxii0-m5PgqpARbSW0lfvo" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Here's why stock prices crash

<ul><li><a href="https://markets.businessinsider.com/stocks/tsla-stock?utm_source=markets&amp;utm_medium=ingestgest">Tesla's stock price</a> skyrocketed 740% in 2020, but Wall Street is split on where the shares will move next.</li><li>JPMorgan sees the electric vehicle company plummeting 87% to $90 a share in 2021. Meanwhile Goldman Sachs has a 12-month price target of $780 for <keyword id="107096" type="COMPANY" weightage="60" keywordseo="Tesla">Tesla</keyword>. </li><li> Here are five Tesla price targets from Wall Street's top strategists. </li><li><a href="https://www.businessinsider.com/?hprecirc-bullet?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestts&amp;utm_medium=ingest">Visit Business Insider's homepage for more stories</a>.</li></ul>2020 was a wild ride <a href="https://markets.businessinsider.com/stocks/tsla-stock?utm_source=markets&amp;utm_medium=ingestgest">Tesla's stock</a>. It opened on January 2 2020 at $84.90 (adjusted for the stock split) and will close 2020 above $700-that's a gain of over 740%. Here's where five analysts say Tesla shares are headed in 2021. <h3>JPMorgan</h3>JPMorgan analysts rate the stock "underweight," with a price target of $90, an 87% drop from current levels. <keyword id="4877330" type="PERSON" weightage="60" keywordseo="Tesla-Stock">Tesla stock</keyword> is "in our view and by virtually every conventional metric not only overvalued, but dramatically so," a team of JPMorgan analysts led by Ryan Brinkman said earlier in December.<h3>Goldman Sachs </h3>Goldman Sachs has a "neutral" rating for Tesla and 12-month price target of $780. On December 2, analysts led by Mark Delaney raised the price target to $780 from $455, telling clients: "We believe that the shift toward battery electric vehicle (EV) adoption is accelerating and will occur faster than our prior view." Read more: <a href="https://www.businessinsider.com/stock-market-crash-bubble-growth-7-years-negative-returns-gmo-2021-1" target="_blank" rel="noopener">Jeremy Grantham's GMO called the dot-com bubble. His firm now sees 'very odd and speculative things' going on again - and warns large US stocks could see negative returns over the next 7 years.</a><h3>Wedbush Securities</h3>Wedbush's Dan Ives rates the stock "neutral," with a 12-month price target of $715, and a bull case price of $1000. "Heading into year-end and 2021, we are seeing a major inflection of EV demand globally with our expectations that EV vehicles ramp from ~3% of total auto sales today to 10% by 2025," Ives said on Dec 29 in a note to clients. "We believe this demand dynamic will disproportionately benefit the clear EV category leader Tesla over the next few years especially in the key China region which we believe could represent ~40% of its EV deliveries by 2022 given the current brisk pace of sales." <h3>CFRA Research</h3>Garrett Nelson, senior equity analyst at CFRA Research senior equity strategist has a "hold" rating on Tesla and a 12-month price target of $750."After a YTD run-up of over 700%, we think future growth expectations are now appropriately bullish and after a multi-quarter run of positive news, we struggle to identify the next catalyst in the story. In early January, <keyword id="3090257" type="PERSON" weightage="60" keywordseo="TSLA">TSLA</keyword> will report Q4 vehicle production/sales, and we continue to forecast it will fall just shy of TSLA's full year sales goal of 500K units," Nelson said. " While TSLA has materially strengthened its balance sheet through recent equity offerings, the company's longer-term growth plans will require significant capital and we anticipate TSLA will face some bona fide competition in the EV space from Lucid, Rivian, and others in 2021." <h3>RBC Capital <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">Markets</keyword> </h3>RBC Capital Markets has a $339 price target for Tesla, more than a 50% drop from current levels."Our $339 price target takes a look at EV/sales- and EV/EBITDA-based multiple approaches and probability weights them (65% base, 17.5% each for upside/downside)," analysts led by Joseph Spak said on Dec 22. Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-2021-best-growth-value-investing-jpmorgan-2020-12" target="_blank" rel="noopener">JPMorgan unveils its 50 'most compelling' stock picks to buy for 2021 - and details why each one will be a top performer</a>

Tesla's stock price surged 740% in 2020. Here's where 5 analysts say the shares are headed next.

<ul><li><a href="https://markets.businessinsider.com/stocks/tsla-stock">Tesla</a> climbed as much as 8.4% on Friday, marking the 11th straight day of gains as the automaker's massive rally continues into the new year.</li><li>The gains followed a similarly large jump on Thursday that established CEO Elon Musk as <a href="https://markets.businessinsider.com/news/stocks/tesla-elon-musk-overtakes-amazon-jeff-bezos-world-richest-man-2021-1-1029940953">the world's wealthiest person</a> and boosted the company's market cap <a href="https://markets.businessinsider.com/news/stocks/tesla-overtakes-facebook-to-become-5th-most-valuable-company-sp500-2021-1-1029942057">past Facebook's</a>.</li><li>The billionaire investor Chamath Palihapitiya said Thursday that <keyword id="107096" type="COMPANY" weightage="60" keywordseo="Tesla">Tesla</keyword>'s market cap <a href="https://markets.businessinsider.com/news/stocks/chamath-palihapitiya-tesla-stock-price-target-elon-musk-net-worth-2021-1-1029941932">stood to triple</a> from its already lofty levels. </li><li>The "Big Short" investor <keyword id="418743" type="PERSON" weightage="60" keywordseo="Michael-Burry">Michael Burry</keyword> took an opposing stance, telling Tesla bulls in a tweet on Thursday that they should enjoy the rally "<a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-predicts-tesla-stock-price-housing-bubble-2021-1-1029943006">while it lasts</a>."</li><li><a href="https://markets.businessinsider.com/stocks/tsla-stock">Watch Tesla trade live here</a>.</li></ul>The rally that's made Elon Musk <a href="https://markets.businessinsider.com/news/stocks/tesla-elon-musk-overtakes-amazon-jeff-bezos-world-richest-man-2021-1-1029940953">the wealthiest person in the world</a> and exceeded nearly all Wall Street forecasts continued on Friday as investors piled further into <a href="https://markets.businessinsider.com/stocks/tsla-stock">Tesla</a> to close out the week.The automaker climbed as much as 8.4%, marking the 11th consecutive day of gains for the stock. Tesla shares sit about 25% higher year-to-date, already mirroring the massive returns throughout 2020.The climb followed a similarly large leap on Thursday in which Tesla overtook Facebook to become the S&amp;P 500's <a href="https://markets.businessinsider.com/news/stocks/tesla-overtakes-facebook-to-become-5th-most-valuable-company-sp500-2021-1-1029942057">fifth-most-valuable constituent</a>. About 51.5 million shares traded hands, exceeding the stock's 10-day average volume of 38.1 million shares.Tesla's momentum and back-to-back record highs have divided some of the world's most famous investors. In a CNBC appearance on Thursday, the billionaire venture capitalist Chamath Palihapitiya praised the stock's gains and told investors <a href="https://markets.businessinsider.com/news/stocks/chamath-palihapitiya-tesla-stock-price-target-elon-musk-net-worth-2021-1-1029941932">it could be worth three times its already lofty valuation</a>."Don't sell a share," he added.Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-6-growth-firms-aram-green-clearbridge-2021-1">A growth-fund manager who's beaten 96% of his peers over the past 5 years shares 6 stocks he sees 'dominating their space' for the next 5 to 10 years - including 2 he thinks could grow 100%</a>Michael Burry, the hedge-fund manager whose bet against the housing market was depicted in "The Big Short," <a href="https://markets.businessinsider.com/news/stocks/big-short-michael-burry-predicts-tesla-stock-price-housing-bubble-2021-1-1029943006">aired a contrasting opinion</a> on Thursday night. The investor <a href="https://twitter.com/michaeljburry/status/1347325261935624194">tweeted</a> that, like his famous 2008 gambit, his short position in Tesla stood to print huge gains."Well, my last Big Short got bigger and bigger and BIGGER too," he said, adding that bullish investors should "enjoy it while it lasts."Wall Street analysts, on the other hand, have increasingly abandoned bearish outlooks and turned more optimistic toward Tesla. Morgan Stanley <a href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-target-electric-vehicle-deliveries-morgan-stanley-tsla-2021-1-1029938182">lifted its price target</a> for the automaker to $810 on Tuesday, saying strong demand and new factories would keep Tesla far ahead of competitors in the electric-vehicle sector.Read more: <a href="https://www.businessinsider.com/stocks-to-buy-q1-2021-bank-of-america-stock-picks-1" target="_blank" rel="noopener">BANK OF AMERICA: Buy these 8 US stocks poised to soar in the first quarter of 2021- and avoid these 2 at all costs</a><keyword id="156117" type="COMPANY" weightage="60" keywordseo="RBC-Capital">RBC Capital</keyword> <a href="https://markets.businessinsider.com/news/stocks/tesla-stock-price-throws-towel-upgrades-shares-after-1200-rally-2021-1-1029940907">gave up on its own bearish bet</a> on Thursday, boosting its target to $700 from $339 and upgrading Tesla to "sector perform" from "underperform." The firm's analysts said they didn't expect Tesla to leverage its soaring stock price to raise funds last year."There is no graceful way to put this other than to say we got <keyword id="3090257" type="PERSON" weightage="60" keywordseo="TSLA">TSLA</keyword>'s stock completely wrong," RBC said.Tesla traded at $881.78 as of 11:33 a.m. ET on Friday. The company has 21 "buy" ratings, 43 "hold" ratings, and 20 "sell" ratings from analysts.Now read more <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> coverage from Markets Insider and Business Insider:<a href="https://www.businessinsider.com/esg-investing-strategy-how-to-reduce-portfolio-carbon-footprint-aqr-2021-1">$138 billion megafund AQR shares a step-by-step guide for investors who want to reduce their portfolios' carbon footprints - and explains why this move could propel returns in the long run</a><a href="https://www.businessinsider.com/december-jobs-report-140000-payrolls-lost-unemployment-rate-coronavirus-recession-2021-1">US payrolls post surprise drop of 140,000 in December, the first decline since April as America's labor-market struggles continue</a><a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-sp500-target-lifted-democrat-stimulus-credit-suisse-2021-1-1029942019">The S&amp;P 500 will climb another 10% as the Democrat-controlled government passes new stimulus, Credit Suisse says</a><a href="https://markets.businessinsider.com/stocks/tsla-stock"><div type="image" title="TSLA" height="1086" width="1416" msid="80175174" hostid="261"></div></a>

Tesla rises 8% as breakneck rally enters 11th day and leaves famous investors split

<ul><li><a href="https://markets.businessinsider.com/stocks/orcl-stock">Oracle</a> jumped as much as 8% on Monday following reports that the firm won bidding for a partnership with TikTok's US business.</li><li>The news comes after the White House threatened to ban the ByteDance-owned app on data security concerns if it didn't sell its US arm to an American business.</li><li><a href="https://markets.businessinsider.com/stocks/msft-stock">Microsoft</a> was <keyword id="43340" type="CITY" weightage="60" keywordseo="Oracle">Oracle</keyword>'s biggest threat in reaching a deal, but the firm <a href="https://blogs.microsoft.com/blog/2020/09/13/microsoft-statement-on-tiktok/">said</a> Sunday it won't be joining ByteDance in a partnership.</li><li>The deal is unlikely to involve a sale, <a href="https://www.wsj.com/articles/microsoft-drops-out-of-bidding-for-tiktoks-u-s-operations-11600039821">The Wall Street Journal</a> reported, though Oracle is expected to take a stake in TikTok.</li><li><a href="https://markets.businessinsider.com/stocks/orcl-stock">Watch Oracle trade live here</a>.</li></ul><a href="https://markets.businessinsider.com/stocks/orcl-stock">Oracle</a> surged as much as 8% on Monday after multiple news outlets reported the company won the bidding to partner with TikTok's US arm.The news <a href="https://www.businessinsider.com/tiktok-owner-bytedance-rejected-microsoft-bid-for-apps-us-operations-2020-9">follows an intense race among major tech companies</a> to take the social media giant under their wings. <a href="https://markets.businessinsider.com/stocks/msft-stock">Microsoft</a>, which planned a joint bid with Walmart, presented the biggest threat to Oracle's effort.Oracle will be deemed TikTok's "trusted tech partner" in the US, <a href="https://www.wsj.com/articles/microsoft-drops-out-of-bidding-for-tiktoks-u-s-operations-11600039821">The Wall Street Journal</a> reported on Sunday. The deal is unlikely to involve a sale, though Oracle is expected to take a stake in the ByteDance-owned company.Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-beat-market-growth-ai-technology-ubs-2020-9" target="_blank" rel="noopener">Buy these 17 'superstar' stocks poised to soar as they use AI technology to drive market-beating growth, UBS says</a>Still, the White House and the Committee on Foreign Investment in the US need to approve the deal before it goes through, according to The Journal. The forced sale of TikTok's US business sparked international controversy and reignited political tensions between the US and China. Sources told The Journal they believe the deal satisfies the US government's worries around data security.President Donald Trump has repeatedly threatened to shut down TikTok's US operations if the company isn't sold to an American firm. The White House set a deadline of September 20 for a sale plan to be announced, with a shutdown deadline looming on September 29. An announced deal would need to be completed by November 12.<keyword id="10387" type="CITY" weightage="60" keywordseo="Microsoft">Microsoft</keyword> said in a Sunday <a href="https://blogs.microsoft.com/blog/2020/09/13/microsoft-statement-on-tiktok/">blog post</a> it received word from ByteDance that the Chinese tech giant wouldn't pursue a deal.Read more: <a href="https://www.businessinsider.com/investing-strategy-5-stock-picks-top-fund-manager-paul-lambert-2020-9" target="_blank" rel="noopener">Paul Lambert returned 45% to investors in 2019 and is crushing the market again this year. The solo fund manager lays out his strategy for finding winning stocks — and shares 5 of his top picks today.</a>"We are confident our proposal would have been good for TikTok's users, while protecting national security interests," Microsoft said. "To do this, we would have made significant changes to ensure the service met the highest standards for security, privacy, online safety, and combatting disinformation, and we made these principles clear in our August statement."Walmart remains interested in a joint deal. The company said in a Sunday <a href="https://corporate.walmart.com/newsroom/2020/09/13/statement-of-walmart-inc-on-potential-tiktok-investment-in-the-united-states">statement</a> that it continues to hold conversations with ByteDance and other interested parties.Oracle closed at $57 on Friday, up roughly 8% year-to-date.Now read more <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> coverage from Markets Insider and Business Insider:<a href="https://www.businessinsider.com/stock-market-crash-dot-com-similarities-meltdown-in-next-year-2020-9" target="_blank" rel="noopener">'The psychology is even more dangerous than 20 years ago': A Wall Street investment chief says stock valuations are giving him dot-com bubble flashbacks — and warns of a major meltdown in the next year</a><a href="https://markets.businessinsider.com/news/stocks/economic-outlook-overreaction-coronavirus-recession-boost-recovery-stock-market-strategist-2020-9-1029583417">A Wall Street chief strategist explains how the shockingly quick onset of pandemic fear may have set up both the economy and stock market for a surprisingly strong 2021</a><a href="https://markets.businessinsider.com/news/stocks/economic-outlook-gdp-estimates-bank-america-stimulus-bill-recovery-quarter-2020-9-1029582684">Bank of America boosts 3rd-quarter GDP forecast and lowers 4th-quarter outlook on mix of pros and cons</a><a href="https://markets.businessinsider.com/stocks/orcl-stock"><div type="image" title="ORCL" height="1180" width="1432" msid="78108195" hostid="261"></div></a>

You Searched For "stock price" and got 12 results

Nikola's stock-price target cut in half at Wedbush as the firm questions the electric automaker's ability to hit its ambitious forecasts

Emily Graffeo

Amazon's price target cut by Morgan Stanley as the bank sees hiring pressure building and wage costs surging

Carla Mozée

The NYSE is investigating a sharp spike in Shopify's price that led to an estimated $18 million in losses: report

Hamza Fareed Malik

Samvat 2077: Bharti Airtel, Infosys, ICICI Bank, SBI, Varun Beverages and Can Fin Homes stocks are among the top Diwali picks

Navdeep Yadav

DoorDash falls 9% after its stock price nearly doubles in first day of trading

Ben Winck

Peloton will soar 43% from current levels as its stock catches up with surging demand, Goldman Sachs says

Ben Winck

SIMPLY PUT: “Zomato’s delivery charges are more than its stock price”

Playboy says it's selling 4 million shares of stock after gaining 285% since SPAC IPO

Emily Graffeo

Here's why stock prices crash

Andy Kiersz

Tesla's stock price surged 740% in 2020. Here's where 5 analysts say the shares are headed next.

Emily Graffeo

Tesla rises 8% as breakneck rally enters 11th day and leaves famous investors split

Ben Winck

Oracle leaps 8% after reportedly winning partnership bid for TikTok's US operations

Ben Winck

Popular Keywords

Buying Guides