Tesla Motors Inc (NASDAQ:TSLA) success so far has been down to rich buyers making irrational choices, a report says, but its cost claims are forcing sceptics to wonder if long-term, the upstart Californian battery-only car maker might indeed have the inside track. Max Warburton, analyst with Bernstein Research, said in the report that the key to Tesla’s long-term success is its apparent ability to produce lower cost batteries than anyone else. If Tesla’s claims are right, Warburton said he might well have to revise upwards his assumptions about the success of electric vehicles generally. Tesla Motors Inc (NASDAQ:TSLA) shares rose 2.30% in current trading session and now at $2.30%, while trading in range of $234.50 – $237.93. Tesla Motors Inc (NASDAQ:TSLA) year to date (YTD) performance is 53.54%.
Baidu (NASDAQ:BIDU) was upgraded by equities research analysts at Goldman Sachs from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm currently has a $220.00 target price on the stock. Goldman Sachs’ target price would indicate a potential upside of 29.30% from the stock’s previous close. Baidu Inc (ADR) (NASDAQ:BIDU) shares after opening at $163.01 on current trade day and currently trading at $164.62. Company price to sales ratio in past twelve months was calculated as 12.02 and price to cash ratio as 7.95. Baidu Inc (ADR) (NASDAQ:BIDU) showed a negative weekly performance of -11.78%.
Update-Moody’s upgrades iGATE Corporation (NASDAQ:IGTE)’s CFR to Ba3; rates new unsecured debt at B1; stable outlook. iGATE Corporation (NASDAQ:IGTE) shares climbed 1.96% in current trading session and now at $33.27. IGTE return on equity ratio is recorded as 146.90% and its return on assets is 5.30%. iGATE Corporation (NASDAQ:IGTE) yearly performance is 66.99%.
Equities research analysts at RBC Capital lowered their price target on shares of Starbucks Corp. (NASDAQ:SBUX) from $90.00 to $88.00 in a research note issued to investors on Tuesday, Analyst Ratings Network.com reports. RBC Capital’s price target suggests a potential upside of 16.36% from the stock’s previous close. Starbucks Corporation (NASDAQ:SBUX) weekly performance is 1.64%. Shares of the company currently at $74.78. Starbucks Corporation (NASDAQ:SBUX) distance from 50-day simple moving average (SMA50) is 1.47%. Analysts mean target price for the company is $88.12.
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