Selected stock price target news of the day - January 3rd, 2025

By: Matthew Otto

Tesla Reports Record China Sales Amid Global Delivery Challenges

Tesla’s fourth-quarter 2024 performance delivered 495,570 vehicles. This sets a quarterly record but missing Wall Street’s consensus estimate by 10,000 units and its own implied target by 20,000.

While aggressive discounting, including 0% financing and lease buyout options, aimed to boost U.S. sales, these measures proved insufficient to counterbalance the impact of declining European subsidies and intense competition from Chinese automaker BYD. Globally, Tesla’s 2024 deliveries declined by 1.1%, marking the first annual drop. Exports from its Shanghai plant dropped 24% amid new EU tariffs and subsidy investigations.

In contrast, Tesla’s sales in China surged 8.8% year-over-year to a record 657,000 units, representing 36.7% of its global sales. December alone saw 83,000 vehicles sold domestically in China, a 12.8% increase month-over-month. However, full-year sales of China-made Model 3 and Model Y vehicles, including exports, fell 3.3% due to weaker demand in Europe and other regions.

Tesla’s global market leadership remained narrow, delivering 1.79 million vehicles compared to BYD’s 1.76 million, as BYD’s global sales grew by 12.1%. Analysts are divided on Tesla’s outlook, with Wedbush’s Dan Ives maintaining a $515 price target based on anticipated innovations in AI, autonomy, and energy storage, while TD Cowen’s Jeff Osborne remains cautious with a $180 target, highlighting execution risks.

Divergent Analyst Views Highlight Mixed Outlook Amid Delivery Challenges

GLJ Research analyst Gordon Johnson reiterated a Sell rating and a price target of $24.86.
Canaccord Genuity analyst George Gianarikas sustained a Buy rating and raised the price target from $298 to $400.

Which Analyst has the best track record to show on TSLA?

Analyst Andres Sheppard (CANTOR FITZGERALD) currently has the highest performing score on TSLA with 24/25 (96%) price target fulfillment ratio. His price targets carry an average of $-35.99 (-8.98%) potential downside. Tesla stock price reaches these price targets on average within 18 days.

Boyd Gaming’s Annual Giving Campaign Surpasses $200,000 in Donations

Boyd Gaming announced that it contributed over $200,000 to non-profit organizations across the United States through its 17th annual “Wreaths and Trees of Hope” competition. This initiative, which concluded during the 2024 holiday season, saw participation from 183 non-profits across 10 states, including Nevada, Kansas, Missouri, and Indiana.

Participants decorated wreaths and trees at 25 Boyd Gaming properties, showcasing their mission and engaging community support. Over 100,000 votes were cast by Boyd Gaming guests to determine winners, reflecting nationwide engagement. Since the competition’s inception in 2007, Boyd Gaming has distributed nearly $2 million to non-profits through this program.

The “Wreaths and Trees of Hope” initiative, which began at Delta Downs Racetrack Casino Hotel in Louisiana, has grown over its 17-year history. In 2024, Boyd Gaming properties hosted the event in diverse locations, including Pennsylvania, Louisiana, and Mississippi.

Analyst Upgrades, Highlights Growth Potential

Jefferies analyst David Katz upgraded from Hold to Buy rating and the price target from $73 to $92.

Which Analyst has the best track record to show on BYD?

Analyst Joseph Greff (JPMORGAN) currently has the highest performing score on BYD with 11/16 (68.75%) price target fulfillment ratio. His price targets carry an average of $-0.95 (-1.27%) potential downside. Boyd Gaming stock price reaches these price targets on average within 158 days.

Netflix’s Push Into Live Sports Faces Investor Skepticism Amid Valuation Concerns

Netflix is set to increase its presence in the sports broadcasting market, beginning January 6, with its first live wrestling broadcast of WWE’s Monday Night Raw. This move comes after securing a 10-year, $5 billion deal in January 2024 for the rights to the weekly show.

Netflix also made efforts in live sports, including broadcasting two NFL games on Christmas Day and a high-profile boxing match between Jake Paul and Mike Tyson in November.

Loop Capital analyst Alan Gould raised his target to $950 from $800 but downgraded his rating to Hold, citing valuation concerns. Despite the return of popular shows like Squid Game—which racked up 68 million views during its season 2 premiere week. Analysts caution that the combination of high inflation and interest rates has made the stock appear vulnerable, suggesting that Netflix’s live sports push may not be enough to spark share price growth in the near future.

Analyst Maintains Rating and Raises Price Target Amid Valuation Concerns

Benchmark analyst Matthew Harrigan maintained a Sell rating and raised the price target from $555 to $720.

Which Analyst has the best track record to show on NFLX?

Analyst Bernie Mcternan (NEEDHAM) currently has the highest performing score on NFLX with 3/3 (100%) price target fulfillment ratio. His price targets carry an average of $36.11 (4.73%) potential upside. Netflix stock price reaches these price targets on average within 496 days.