Wall Street set for higher open as Tesla and Nvidia see price target boosts
Wall Street is expected to open higher on Monday, continuing its postelection rally. Stocks like Tesla and bitcoin are seeing gains, with the S&P 500, Nasdaq, and Dow all reaching record highs last week. Key earnings reports from Home Depot and Disney are also anticipated. Analysts have raised price targets for several companies. Tesla's target increased to $400, while Nvidia's target rose to as high as $185. Cisco Systems received an upgrade to a buy rating, and Cigna confirmed it is not pursuing a merger with Humana. Other notable changes include BlackRock's price target rising to $1,333 and Wells Fargo's target increasing to $84. Dell Technologies shares gained after a target increase to $154, reflecting positive momentum in AI servers.