After a sharp decline, Tesla (NASDAQ: TSLA) could drop another 60%, according to JPMorgan. The firm reiterated its underweight rating and $145 price target.
“We … advise investors approach TSLA shares with a high degree of caution,” analyst Ryan Brinkman said, as also quoted by CNBC. “Although both technology and execution risk seem substantially less than was once feared, expansion into higher volume segments with lower price points seems fraught with greater risk relative to demand, execution, and competition.”
Tesla last traded at $360.59 after starting the year at $458.34.
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Futures are mixed on reports that Iran and the U.S. were trying for a ceasefire.
At the moment, the S&P 500 is up about 0.06%, or about four points. The SPDR S&P 500 ETF (SPY) is up about 0.13, or by 83 cents. The Nasdaq is up 0.36%, or by 86 points. The Dow is down 0.14%, or by 64 points. Oil is currently down about 72 cents at $110.82. Gold is down about $1.41 at $4,675. Bitcoin is up about $465 at $69,443.
Unfortunately, Iran reportedly rejected U.S. talks and a proposed 45-day ceasefire after its key petrochemical plant at the South Pars Gas Field was hit. It’s also being reported that Iran’s Revolutionary Guard intelligence chief was killed. And while President Trump extended his 10-day deadline to Tuesday at 8 pm, it looks like the war could intensify.
So, again, more uncertainty, which markets hate.
In addition, “As the conflict with Iran enters its sixth week, persistent concern about the time it will take to arrive at an effective resolution to the conflict will, however, likely remain for now as a negative overhang for market participants to navigate,” said John Stoltzfus, chief investment strategist at Oppenheimer Asset Management, as quoted by CNBC.
According to Goldman Sachs, Netflix (NASDAQ: NFLX | NFLX Price Prediction) could push higher after raising its subscription prices. The firm upgraded NFLX to a buy with a price target of $120. Just last month, NFLX raised its prices for the first time since January 2025. All as it invests more in live events, video podcasts, and other content types, as noted by CNBC.
“Ahead of its Q1 2026 earnings report, we preview current industry data and highlight trends in third party data and NFLX’S content slate. In addition, we upgrade the shares from Neutral to Buy while adjusting our 12-month price target to $120 as we see a more positive risk/reward from current levels.”
In addition, analysts at KeyBanc reiterated an overweight rating on Nvidia (NASDAQ: NVDA) with a price target of $275. They’re basing that on “24x our FY28 EPS estimate of $11.26.”
And, analysts at Bank of America reiterated a buy rating on Apple (NASDAQ: AAPL), saying it’s bullish on the company’s MacBook Neo. The firm says Neo is a tailwind to Mac revenues and total company EPS, with the majority of revenue incremental to the company.
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Ian Cooper is a veteran market analyst and investment strategist with more than 20 years of experience covering stocks, commodities, and macro trends. Since 1999, he has helped investors identify market opportunities using a blend of technical analysis, fundamental research, and market sentiment.
He is the creator of the ADD News Flow Strategy, which focuses on trading market reactions to major news events and investor psychology. Cooper was also among the analysts who warned about the 2008 financial crisis and major financial institution collapses ahead of the broader market.
Before joining 247 Wall St., Cooper wrote extensively for InvestorPlace and other financial publications, covering market trends, trading strategies, and investment opportunities.
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