Tesla Investors and Analysts Jump Ship: It’s a “Quagmire” Says One [Fortune]
Evercore Inc. Class A (EVR)
Last evercore inc. class a earnings: 4/22 06:00 am
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Source: Fortune
Tesla Investors and Analysts Jump Ship: It's a "Quagmire" Says One , once a darling of Wall Street, has pushed the envelope and not in a good way. Too many problems and issues have finally pushed some long-time supporters to shake their heads and step back. Wedbush Securities finally decided to “[throw] in the white towel” last month lowering guidance from outperform to neutral, after April’s first quarter earnings release. A report from the firm called it “one of [the] top debacles we have ever seen” in 20 years of covering tech stocks. Then, on Sunday, Wedbush dropped its target price to $230 from $275 a share, saying in another report that faced a “quagmire” in hitting profitability by year’s end trying to manage insurance, robo-taxis, and “other sci-fi projects” on top of its main concerns. Wedbush is just the latest case of discouraged bull. Evercore ISI in April dropped from the equivalent of hold to sell. That made 13 analyst firms tracked by Bloomberg that have an outright s
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- 4/24/24 - Miss
EVR
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- 2/22/24 - Form 10-K
- 2/20/24 - Form 4
- EVR's page on the SEC website