(This is CNBC Pro's live coverage of Wednesday's analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) An electric vehicle maker and an enterprise tech name were among the stocks being talked about by analysts on Wednesday.
Piper Sandler raised its price target on Tesla to $310. Meanwhile, Barclays upgraded Hewlett Packard Enterprise to overweight. Check out the latest calls and chatter below.
All times ET. 5:42 a.m.
: Piper Sandler raises price target on Tesla Piper Sandler thinks Tesla may sell more vehicles than the firm previously expected. Analyst Alexander Potter raised his third-quarter and full-year vehicle delivery estimates for Tesla. With this in mind, he raised his price target on Tesla shares to $310 from $300, signaling about 22% upside from Wednesday's close.
He also reiterated his overweight rating on shares. Potter believes the third quarter could be the best for Tesla's China business, while the Cybertruck is helping demand in the U.S.
"Unlike in other regions, it's possible to track weekly registration data in China. As a result, we have high conviction that Tesla will deliver 175k+ units in Q3," Potter wrote in a Monday note. He added: "In the U.
S., intra-quarter sales figures are less accurate than they are in China, due to a reliance on third-party estimates. Nevertheless, thanks to Cybertruck, we think a q/q increase is doable.
" Tesla shares were last down more than 1% Wednesday in premarket trading. For the.
