Recent Seeking Alpha analyst actions include key upgrades and downgrades for major Wall Street players, with companies like Tesla (TSLA) and Spotify (SPOT) being recognized for their innovation and market success. On the flip side, significant downgrades for AMD (AMD) and Intel (INTC) underscore concerns over valuation and competitive pressures, despite recent earnings accomplishments.
Upgrades
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Tesla (TSLA): Upgrade to Hold by Bernard Zambonin. The analyst praises Tesla’s ambitious targets set within CEO Elon Musk’s compensation plan, viewing it as a bold attempt to align long-term vision with measurable progress.
“More than just an “incentive plan,” CEO Elon Musk’s new package is an accounting projection of market megalomania, where he ties Tesla’s fate to almost intangible production, profit and market value targets, and transforms a hypothetical future (in this case Tesla as an AI-first and robotic company) into concrete numbers that can be measured (or even charged for).”
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Spotify Technology (SPOT): Upgrade to Hold by Julia Ostian. Strong quarterly numbers, including subscriber and revenue growth, alongside innovative product features, prompted the upgrade, though valuation remains a concern.
“This quarter for Spotify was really impressive. The company showed strong growth across pretty much all the main metrics… So, this is another profitable quarter, and that’s what everyone hoped to see.”
Downgrades
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Advanced Micro Devices (AMD): Downgrade to Hold by Kenio Fontes. Despite a solid quarterly performance, concerns over valuation and competition, particularly in the AI market, have tempered enthusiasm.
“I found AMD’s Q3 positive…I believe that these recent runs are enough to calm spirits and be a little more cautious, especially with position increases. Therefore, I am downgrading to Hold even with the positive quarter.”
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Intel (INTC): Downgrade to Sell by James Foord. The analyst cites structural issues and recent market overvaluation as reasons for the downgrade, even as AI and foundry strategies show promise.
“Intel is more expensive, the AI narrative may be oversubscribed, and the latest earnings, while okay, were not stellar in my opinion.”