Tesla, Coinbase, and Disney: Wall Street’s Recommendations for This Thursday

Charlie Taylor

photo by Tyler Nix via Unsplash Amid the painful bear market scenario, which has been showing small signs of recovery, the big Wall Street banks made their recommendations for today (30) after market analysis.

Morgan Stanley reiterates Disney’s good performance and names Nio as a tactical idea

Morgan Stanley lowered its price target for Disney (DIS) from $170 to $125 per share, but said stocks are “attractive” at current levels on account of good risk/return, “we see adjusted earnings per share growth of 20-25% over the next 3 years.” Morgan Stanley named the electric vehicle company Nio (NIO) as a tactical idea, “research indicates that its stock will rise rapidly in the short term” on investor confidence in the company’s operations.

JPMorgan reiterates Netflix position

JPMorgan said it is “cautiously optimistic” about the launch of the company’s new product. Netflix (NFLX)ad-supported, and notes that the platform’s share price is not expected to rise or fall.

Benchmark Begins Purchase of Warner Bros. Discovery and Texas Instruments

The Benchmark expects the media company’s action Warner Bros. Discovery (WBD) “recover your base” and go up again, “although share price performance has been heavily compromised by recession concerns and market aversion in 2022.” The bank also said it hoped the Texas Instruments (TXN) continue to deliver “solid revenue and operating margin progression.”

Piper Sandler suggests Bath & Body Works

The bank said the stock in the beauty and wellness category is being traded at a high discount, so it started covering Bath & Body Works (BBWI)with the perspective that the performance is better than expected.

Raymond James suggests Etsy, Rent the Runway, The Real Real and thredUP

Raymond James started several online merchants on Wednesday, noting that these companies deliver “strong revenue growth.” According to the bank, despite the moment being “controversial” given the increase in interest rates, its analysts believe in an improvement in the performance of companies Etsy (ETSY), Rent the Runway (RENT), The Real Real (REAL) and thredUP (TDUP).

Oppenheimer reiterates Coinbase’s good performance

Investment bank Oppenheimer said it is reiterating the company’s actions. Coinbase (COIN) Despite the collapse in crypto market prices, “with the U.S. Fed’s rate policy, total crypto market capitalization has declined by approximately 55% in Q2, and trading volume has declined, and COIN is entering a slump.” of the most difficult moments as a public company.”

Goldman Sachs reiterates Tesla

Goldman said the Tesla Supercharger Network represents a “huge revenue opportunity” for the electric vehicle company because, “while the network has historically been accessible only to Tesla car owners,” the company discussed plans to open the network to everyone. EV drivers over time. This led Goldman to believe in a huge revenue opportunity with strong incremental margins for the company. Tesla (TSLA). JMP lowered its estimates on the shares of Alphabet (GOOG) and the goal (GOAL), but said the two stocks should perform better in a tougher macro environment.

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