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Stock Analysis of AAPL – AMZN – TSLA – Anachart

Apple Inc (AAPL)

In 2018, Apple set a new world record to be the first business to register a market capitalization of $1 trillion. In addition, it achieved a new milestone in 2020 by becoming the first business to report a market value of $2 trillion.

Last week, Tim Long from Barclays, who remained neutral, raised his price target from $166 to $169 with a hold rating, which represents a potential upside of almost 2.5%.

On AnaChart, Tim holds a remarkable 90.57% accuracy ratio with previous price targets that materialized on average within seven months.

Citi analyst Jim Suva however is optimistic about the mega-firm have upgraded his price target to $185 from $175 while maintaining a “Buy” rating on the stock shares. Jim has an 89.04 % accuracy ratio on previous targets. Jim cheered Apple’s “Great results”, He said he sees multiple reasons for investors to invest in Apple stock.

Tesla Inc (TSLA)

Tesla has a $769.52 billion market cap as of July 21, 2022. With a market share of around 70% for battery-powered electric vehicle sales in the US, Tesla is the market leader. The most successful E.V. variant in the U.S. is the industry’s premium Product 3.

According to AnaChart, out of the 31 analysts covering the stock, 18 have a Buy rating, with six at sell and seven for holding. The average price target is $766, the highest is $1222, and the lowest at $311.

Italy Michael from CITI, although bearish in the last few years, has increased his price target to $424 from $375 with a sell rating.

 “We think the current valuation remains challenging considering that the handful of other companies that previously achieved Tesla’s current market cap did so generating ~$100 billion of the gross profit (on average) vs. Tesla’s second half 2022 estimated annualized of ~$30 billion (and $20 billion in the first half,” Michaeli wrote. “And, in the current macro situation, we need to be mindful that Tesla is adding sizable Model Y capacity in what are now price-points (>$60k US) where the US market size is inherently smaller and where other EVs are also ramping.”

Credit Suisse analyst Dan Levy set a price target of $1000 with the continuation of a buy rating.

Levy wrote to a buyer “We continue to view Tesla efforts in AV/robotaxi as ‘show me,”

Amazon (AMZN)

Amazon’s market value is $1.168 trillion as of July 2022. According to the top experts, this positions Amazon as the fifth most valuable company in the world by market cap. Market capitalization, commonly related to the market cap, is a measure of a company’s value that considers all the outstanding shares of a publicly listed company. 

According to AnaChart, Out of the 42 analysts covering the stock, almost every analyst is on one page as they said for Buying. The average price target is $144, the highest is $186, and the lowest at $102.

Barclays analyst Ross Sandler lowered the price target to $200 from $220, preserving the buy rating. He has sustained a magnificent accuracy ratio of 86.67%. 

The analyst  narrates, “There is a decent chance Amazon will provide ‘better than feared’ guidance for the third quarter. The expectations from institutional investors on operating income are as bad as we have ever heard, but nonetheless sees the potential that the September quarter will show double-digit growth in gross merchant value, or GMV, and declining capital spending.”

Scott Devitt from Stifel has a current $200 standard price with a buy ranking. He gained a fine accuracy ratio of 79.31%. 

Devitt explained, “The core e-commerce business is showing signs of stabilization despite macro pressure, FX headwinds, and recent caution signs from both online and offline retailers that likely impacted sentiment heading into the report.”