Tesla, Inc. (NASDAQ: TSLA) shares are languishing at their lowest level since August 2021 and it may not be yet time to call the bottom, given the looming risks.
Truist analyst Youssef Squali believed that the slowdown in online sales would affect Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA).
JP Morgan Chase & Co (NYSE: JPM) analysts said that soaring inflation, supply chain issues, and the Ukraine war would bring an end to the growth boom India's IT services industry enjoyed during the pandemic.
The analysts downgraded the sector to "Underweight."
Lowe's Companies Inc (NYSE: LOW) missed Street expectations for quarterly sales but still managed to convincingly beat earnings estimates.
KeyBanc Capital Markets On Lowe's Companies: Analyst Bradley Thomas maintained a Sector Weight rating on Lowe's.
Tesla, Inc. (NASDAQ: TSLA) shares have not been spared in the marketwide selloff seen so far this year. In a further blow, an analyst known for being bullish on the EV maker lowered his price target on its stock.
Video game company Take-Two Interactive Software (NASDAQ: TTWO) reported fiscal fourth-quarter financial results Monday. Analysts weighed in with their thoughts on the report and the pipeline of games ahead.