Tesla and Alphabet Sell Off Despite Blowout Quarters, 24/7 Wall St. Sees Buying Opportunities

Earnings
โดย 24/7 Wall St.·Read original
Summary · why it matters

Both Tesla and Alphabet reported blowout quarters yet saw their shares sell off, but 24/7 Wall St. rates both as buys with high confidence. Tesla beat revenue by 7.10% but missed EPS by 38.51%, while Alphabet crushed EPS by 199.41%. The 24/7 Wall St. price target for Tesla is $413.49, implying 10.56% upside from $374.01, while the target for Alphabet is $545.95, implying 59.68% upside from $341.91. Tesla's trailing P/E of 344 limits upside, whereas Alphabet's cheap 26 P/E and 82% Cloud growth support a much higher target. Even Alphabet's bear case of $432.97 sits above the current price.

Impact on stocks 3

Artificial Intelligence · 1 stocks
Alphabet Inc Class C
GOOG
▲ PositiveCapitalrelevance

Alphabet crushed EPS by 199.41% and has cheap 26 P/E with 82% Cloud growth; 24/7 Wall St. rates as buy with $545.95 target implying 59.68% upside.

Electrification & Mobility · 1 stocks
Tesla Inc
TSLA
▲ PositiveCapitalrelevance

Tesla beat revenue by 7.10% and 24/7 Wall St. rates as buy with $413.49 target implying 10.56% upside, despite EPS miss and high P/E.

Spatial Computing / AR/VR · 1 stocks