Tesla Price Target Jumps to $475, Lululemon Rated Underperform at $88
FDXF•JPMorgan lifted Tesla’s price target to $475 from $145 and upgraded its rating to Neutral, with Erste Group also raising Tesla to Hold based on physical AI prospects. BNP Paribas cut Lululemon to Underperform with an $88 target, while Evercore ISI upped FormFactor to Outperform at $155 citing AI tailwinds.
1. Tesla Upgrade Details
JPMorgan raised Tesla’s price target to $475 from $145 and upgraded its rating to Neutral, highlighting Tesla’s lead in physical AI and entry into new addressable markets. Erste Group also upgraded Tesla to Hold from Sell, indicating growing confidence in the company’s long-term growth trajectory.
2. Lululemon Rating Cut
BNP Paribas downgraded Lululemon to Underperform from Neutral with an $88 price target following weaker-than-expected Q1 guidance, and BTIG reduced its rating to Neutral. The downgrade reflects concerns over near-term sales momentum and margin pressures in the athletic apparel segment.
3. Broader Analyst Movements
Evercore ISI upgraded FormFactor to Outperform with a $155 target, citing AI-driven demand for semiconductor test equipment. Bernstein raised Kanzhun to Outperform at $18, while Erste Group upgraded Broadcom to Buy. On the downside, Erste downgraded Walmart and Cboe Global to Hold, and Berenberg cut CrowdStrike to Hold with a $720 target.
