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Coinbase, Caesars, DoorDash, Lyft, Tesla and More Tuesday Afternoon Analyst Calls
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With the trading day about halfway over, each of the major averages had pulled back slightly. Even with Tesla’s impressive earnings report, the Nasdaq and S&P 500 still dipped, if only a little. It’s yet to be seen if Microsoft or Alphabet’s earnings will lift the markets after the close.
24/7 Wall St. is looking at some big analyst calls seen so far on Tuesday. We have included the latest analyst call on each stock, as well as a recent trading history and the consensus targets among analysts.
For those that might have missed it, 24/7 Wall St. had an earlier round of analyst calls on Tuesday that included Airbnb, DraftKings, JPMorgan, Splunk, Uber, UPS and more.
Caesars Entertainment Inc. (NASDAQ: CZR): Redburn started coverage with a Neutral rating. The shares traded near $101 on Tuesday, in a 52-week trading range of $16.91 to $106.20. The consensus price target is $103.09.
Coinbase Global Inc. (NASDAQ: COIN): Bernstein initiated coverage with a Market Perform rating and a $250 price target. The consensus price target is $479.83. Shares traded around $304 on Tuesday, in the 52-week range of $282.07 to $429.54.
DoorDash Inc. (NYSE: DASH): Needham initiated coverage with a Buy rating and a $175 price target. The stock traded near $159 on Tuesday, in a 52-week range of $121.00 to $256.09. The consensus analyst target is $172.27.
Dow Inc. (NYSE: DOW): The Argus upgrade to a Buy rating from Hold includes a $69 price target. The stock traded near $63 on Tuesday, in a 52-week range of $30.90 to $67.27. It has a consensus price target of $64.52.
Esports Entertainment Group Inc. (NASDAQ: GMBL): H.C. Wainwright started coveraged with a Buy rating and a $20 price target. On Tuesday, the stock traded around $13. The 52-week trading range is $3.08 to $24.48. Its consensus analyst target is $22.50.
Lyft Inc. (NASDAQ: LYFT): Needham initiated coverage with a Hold rating. The shares changed hands at around $64 on Tuesday. The 52-week trading range is $21.34 to $68.28. The consensus price target is $67.30.
Tesla Inc. (NASDAQ: TSLA): Canaccord Genuity reiterated a Buy rating but lowered its price target to $974 from $1,071. Shares traded around $707 on Tuesday, in the 52-week range of $136.61 to $900.40. The consensus price target is $650.81.
Verizon Communications Inc. (NYSE: VZ): MoffettNathanson downgraded it to a Neutral rating from Buy and lowered its price target to $57 from $62. The stock traded around $56 on Tuesday. The 52-week trading range is $52.85 to $61.95. Its consensus analyst target is $60.32.
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Note that, even with short interest at a multiyear low overall, short sellers are still piling on Tesla and other EV makers, as well as tech giants Alphabet, Amazon, Apple and Microsoft.
And one analyst sees Airbnb getting a huge boost in the reopening trade.
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