(Here’s CNBC Pro’s live coverage of Wednesday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to see the latest posts.) Nvidia and a major electric vehicle manufacturer became the focus of Wednesday’s analyst chat. Morgan Stanley raised its price target on Nvidia, expecting a gain of more than 15% going forward. Meanwhile, Jefferies cut Tesla’s 12-month forecast. Check out the latest calls and chats below. All times ET. 5:53 a.m.: Jefferies lowers Tesla price target, citing ‘self-inflicted’ wounds. Tesla’s troubles may not be over yet, according to Jefferies. The investment firm maintained its hold rating on the electric vehicle maker and lowered its price target to $165 from $185. The new forecast implies that the stock could fall nearly 7% from Tuesday’s close. Tesla has had a tough year, weighed down by falling sales in China and slowing demand for electric vehicles. The stock has lost nearly 29% in 2024, making it one of the worst performers in the S&P 500. Jefferies analyst Philippe Houchois also said Tesla is having trouble changing its priorities. product information. He cited reports of the company’s low-cost Model 2 production being canceled. “Most of the problems affecting the car’s core performance are self-inflicted and will keep profits well below potential over the next 24 months,” he wrote. – Lisa Kailai Han 5:53 a.m.: Morgan Stanley raises Nvidia’s price target Nvidia is up more than 72% in 2024. Morgan Stanley sees even more gains ahead. Analyst Joseph Moore raised his price target on the artificial intelligence favorite to $1,000 per share from $795. The new forecast calls for a 17% increase from Tuesday’s close. “Prioritizing NVIDIA seems unimaginable, given that it was the best-performing stock last year… and it has grown to a market cap we might have thought unimaginable,” Moore wrote. a few quarters ago.” “That said, peer stocks are also underexplored, with stocks with direct exposure to these markets, such as AMD and MRVL, rising to many new highs.” NVDA YTD mountains NVDA year-to-date Analysts highlight several factors in Nvidia’s favor, including strong pricing and strong orders for its semiconductors. “We expect NVDA’s Data Center business to drive most of the growth over the next five years, as enthusiasm for innovative AI creates a strong environment for innovative solutions,” Moore wrote. AI/ML hardware solution – NVDA is one of the most important solutions. — Fred Imbert