With Facebook (FB) set to report second-quarter earnings on July 29, a key focus will be on whether the social networking king has been able to draw in large advertisers, says Rosenblatt Securities. Rosenblatt analyst Martin Pyykkonen, in a research note Tuesday, maintained a buy rating on Facebook stock with a price target of 100. Facebook stock on Tuesday touched a new all-time high for the sixth day in the past seven trading days, hitting
Verizon Communications (VZ) is playing down expectations for a massive upgrade by its wireless customers after Apple’s (AAPL) iPhone 6S is released, likely in September. Apple typically refreshes new iPhone models, called the S versions, a year after their initial introduction. Apple’s iPhone 6S is expected to have Force Touch display technologyas well as upgraded camera technology, but many observers see it more as an incremental upgrade. Apple’s
Tesla Motors (TSLA) shares fell from a 10-month high on Tuesday as analysts worry that the electric automaker will fall short of growth expectations. UBS downgraded Tesla to sell from neutral and cut the price target on the stock to 210 from 220. Analyst Colin Langan’s note said that the stock is priced for deliveries of 1.5 million cars in the next decade. But he thinks the target its out of reach as Tesla starts building the Model X in Q3,