Before the bell rings, take a look at the businesses making news:
Goldman Sachs raised its target price for Tesla’s stock by $73 to $248 a share, which resulted in better-than-expected second-quarter deliveries. Tesla saw a gain of almost 1%.
Walmart—Shares increased by 0.3% following Jefferies’ statement that the company is still a great investment, citing advancements in artificial intelligence. A 10.2% increase over the following 12 months is implied by the analyst’s $77 price objective.
LegalZoom.com: After the company announced Dan Wernikoff’s departure as CEO and lowered its full-year revenue outlook, the shares fell more than 25%. Right now, LegalZoom estimates that its revenue will be between $675 million and $685 million. A $700 million to $720 million budget was the company’s stated target.
The stock of Taiwan Semiconductor Manufacturing, which produces processors for Apple and Nvidia, two of the biggest names in artificial intelligence, increased by 2%. T$673.51 billion was Taiwan Semiconductor’s revenue for the first half of this year, versus T$654.27 billion that analysts surveyed by LSEG had predicted.
A 1.2% decrease in shares was reported by 3M following the announcement that Monish Patolawala, the company’s finance chief, is leaving to “pursue another opportunity.” It is now a July 31 modification.
Carvana – Following a Needham upgrade to buy from hold, the auto e-commerce platform saw a 4.5% increase. Rising retail unit sales and gross profit per unit, may turn the company into a “profitable secular growth story.”
Source (CNBC)
