Wednesday Morning’s Market Insight: Tesla Motors Inc (TSLA), Nokia Corp (ADR) (NOK), Target Corporation (TGT), Vipshop Holdings Ltd-ADR (VIPS)


Tesla Motors Inc (NASDAQ:TSLA) is up over 2% in pre-market trading after the company received an upgrade by Goldman Sachs analyst Patrick Archambault. The analyst upgraded Tesla shares from to Buy from Neutral, setting a price target of $250. The analyst believes the company will raise about $1 worth of capital, believing many are underestimating Tesla’s technology and ability to deliver on its 80-90k delivery target. He states, “We do not believe Tesla shares are fully capturing the company’s disruptive potential.” He also comments on Model 3 orders, stating, “This combined with a more stable macro backdrop (relative to January/February) and increased confidence in Model 3 demand (from orders and our competitive benchmarking) drives attractive risk/reward.”

Patrick Archambault is ranked #244 out of 3,910 analysts on TipRanks. He has a 57% success rate recommending stocks with a 16% average return per recommendation.

Out of the 21 analysts who have rated the company in the past 3 months, 11 gave a Buy rating, 7 gave a Sell rating, and 3 remain on the sidelines. The average 12-month price target for the stock is $277, marking a 35% upside from where shares last closed.

Nokia Corp (ADR) (NYSE:NOK) is up over 2% in pre-market trading this morning following news that it signed a 10 year licensing deal with HMD Global Oy to make Nokia phones and tablets. Following the rise of smartphones, Nokia sold its handset business to Microsoft in 2014 after previously holding the spot the world’s largest mobile phone maker. While the company still had its phone patents, it could not start to engage in licensing deals until a non-complete deal with Microsoft was over. Microsoft will sell its phone assets, brands, software, services, contracts and supplies to HMD and a subsidiary oy Foxconn technology for $350 million.

According to TipRanks, out of the 11 analysts who have rated the stock in the last 3 months, 8 gave a Buy rating while 3 remain on the sidelines. The average 12-month price target for the stock is $6.99, marking a 37% upside from where shares last closed.

Target Corporation (NYSE:TGT) is down 8% in pre-market trading after the company posted disappointing 1Q:16 earnings. The company posted revenue of $16.2 billion, compared to consensus estimates of $16.31 billion, and earnings of $1.29 per share, compared to estimates of $1.20. However, investors were mainly focused on same store sales growth for the quarter, which rose only 1.2%, missing estimates of 1.6%. The company also posted disappointing eps guidance of $1 to $1.20 for the current quarter, below consensus estimates of $1.38.

According to TipRanks’ statistics, out of the 12 analysts who have rated the company in the past 3 months, 4 gave a Buy rating, 1 gave a Sell rating, and 7 remain on the sidelines. The average 12-month price target for the stock is $81.80, marking an 11% upside from where shares last closed.

Vipshop Holdings Ltd-ADR (NYSE:VIPS) is down almost 12% after the company posted Q1:16 earnings yesterday. The company posted revenues of 12.2 billion yuan which missed consensus estimates by 1.3%. The company is experiencing a decline in average order size as well as lower than expected gross margin due to a smaller addressable market in China. The company posted worse than expected revenue guidance for the second quarter of 12.3-12.8 billion yuan, missing consensus estimates of 12.81 billion yuan.

According to TipRanks, out of the 4 analysts who rated the company in the past 3 months, 1 gave a Buy rating while 3 remain on the sidelines. The average 12-month price target for the stock is $12.50, marking a 1% upside from where shares last closed.