Top Analyst Ratings & Analysis for Sept 6th, 2024

Top Ratings

Tesla Inc. (TSLA)

• Rating: Hold
• Target Price: USD 200
• Analyst: Morningstar
• Date: September 6, 2024

Morningstar has maintained a “Hold” rating on Tesla Inc. (TSLA), setting a target price of USD 200. This rating suggests that while Tesla’s stock is expected to perform steadily, there might not be significant immediate upside potential. Investors should keep an eye on any major developments or shifts in market conditions that could impact Tesla’s performance.

Royal Bank of Canada (RY)

• Rating: Neutral
• Target Price: CAD 167
• Analyst: CIBC World Markets
• Date: September 6, 2024

CIBC World Markets has updated its target price for Royal Bank of Canada (RY) to CAD 167, while maintaining a “Neutral” rating. This indicates a cautious but stable outlook for the bank, suggesting that its stock might perform in line with broader market trends. Investors should consider other factors influencing the bank’s performance before making investment decisions.

Nio Inc. (NIO)

• Rating: Overweight
• Target Price: USD 8 (up from USD 5.3)
• Analyst: J.P. Morgan Chase & Co.
• Date: September 6, 2024

J.P. Morgan Chase & Co. has upgraded Nio Inc. (NIO) to an “Overweight” rating with a revised target price of USD 8, up from the previous USD 5.3. This upgrade reflects increased optimism about Nio’s prospects, driven by positive developments or growth expectations in the electric vehicle market. The revised target price suggests that analysts see significant potential for Nio’s stock to outperform in the near term.

3M Company (MMM)

• Rating: Underweight
• Target Price: USD 125
• Analyst: Morgan Stanley & Co.
• Date: September 6, 2024

Morgan Stanley & Co. has initiated coverage on 3M Company (MMM) with an “Underweight” rating and a target price of USD 125. This rating indicates a bearish outlook, suggesting that 3M’s stock might underperform relative to the market. Investors should be cautious and consider potential risks associated with 3M’s business and market conditions.

Coinbase Global Inc. (COIN)

• Rating: Equal Weight
• Target Price: USD 169 (down from USD 206)
• Analyst: Barclays
• Date: September 6, 2024

Barclays has downgraded Coinbase Global Inc. (COIN) to an “Equal Weight” rating, adjusting the target price to USD 169 from USD 206. This change reflects a more cautious view on Coinbase’s stock performance, suggesting that while the company may not see significant declines, the expected growth potential might be limited. Investors should monitor market trends and company performance closely for further insights.