Oppenheimer raised its price target on Microsoft to $500 on the potential of increasing AI adoption. Lyft, meanwhile, was upgraded to buy at Loop Capital. Check out the latest calls and chatter below. All times ET. 5:45 a.m.: Wall Street analysts react to Nio earnings Nio reported weaker-than-expected earnings for the first quarter on Thursday. U.S. shares of the Chinese electric vehicle maker tumbled nearly 7% in the session following the report, bringing its 2024 loss to more than 45%.
mountain MSFT year to date "Microsoft will regain a dominant platform role like its PC-era influence in a larger AI-driven market, and expand its multiple," the analyst said. "A majority of new AI applications are built on this partnership because of the strength of OpenAI's LLMs, Microsoft's great enterprise relationships, infrastructure optimized for OpenAI, training data, a complete IT bundle, and the AI flywheel of learning from Copilot usage," Horan added.
mountain LYFT year to date — Alex Harring