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Express News | Mizuho Securities has lowered the Target Price for Qualcomm from $245 to $215.
Tesla's stock price hits a new high, Musk's net worth soars to 490 billion dollars.
Tesla's stock price rose 3.64% on Tuesday, reaching nearly $480, setting another historical high, after yet another Analyst upgraded the stock rating and raised its Target Price to over $500. As a result, Tesla CEO Elon Musk's net worth increased by $12 billion overnight, reaching $486 billion, which has soared by $257 billion this year. Mizuho upgraded Tesla's rating to "Outperform Large Cap" in a report on Tuesday, raising its Target Price from $230 to $515. Meanwhile, the median Target Price on Wall Street is close to $300, below Tesla's stock price.
Express News | Mizuho has upgraded Tesla's rating from Neutral to Outperform Large Cap.
Express News | Mizuho: Downgraded Occidental Petroleum's Target Price from $72 to $70, maintaining a 'Neutral' rating.
Express News | Mizuho has lowered the target for Exxon Mobil from $137.00 to $134.00 per share.
Crude Oil Product: Oil prices ended a three-day rise, dragged down by expectations of an oversupply in 2025.
Crude Oil Product prices ended a three-day uptrend, closing around $70 per barrel, as expectations of oversupply in 2025 offset the boost to oil prices from geopolitical risks. Although OPEC decided to delay production increases, the International Energy Agency (IEA) reiterated that there will be a large oversupply next year. This institution's forecast contradicts the USA government's expectation, which predicts a roughly balanced supply and demand next year. The inability of Crude Oil Product to break through the 50-day moving average has also weighed on its performance. Oil prices have been stalled at this technical level for nearly three weeks. However, WTI has still maintained most of this week's gains. "We are all drowning in oil, and this"