Tuesday's analyst calls: Chip stock gets a price target increase, Bernstein sees Tesla dropping another 30%

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A chipmaker and an electric vehicle giant were in focus on Tuesday's analyst chatter.

A chipmaker and an electric vehicle giant were in focus on Tuesday's analyst chatter. Bernstein lowered its price target on Tesla, calling for 30% downside. Meanwhile, Mizuho raised its price target on Micron, citing a growing AI opportunity. Check out the latest calls and chatter below. All times ET. 6:25 a.m.

's role as the key enabler for AI semis is becoming more established and we expect it to retain 90+% market share of all AI," analyst Gokul Hariharan said. "All roads in AI semis lead here." " 's moat in AI semis appears wider than in previous product cycles, due to leading process technology, tightly integrated packaging methods, and support from the broadest IP and design service ecosystem in the semi-industry," the analyst added.

stock has climbed nearly 32% this year. — Brian Evans 6:11 a.m.: Morgan Stanley upgrades Seagate Technology on growing earnings power Morgan Stanley thinks Seagate Technology's earnings story presents investors with a buying opportunity. The firm upgraded the data storage stock to overweight from equal weight on Tuesday, increasing its price target to $115 per share from $73. Morgan Stanley's forecast implies more than 30% upside from Monday's close.

mountain TSLA ytd — Fred Imbert

 

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