Wedbush is doubling down on its bullish thesis for DocuSign after the electronic agreements company steadily beat earnings expectations.
Wedbush's Dan Ives said strong fundamentals will boost US tech stocks up another 7%-10% for the remainder of the year.
Wedbush cut its 12-month price target for the high-end equipment maker's stock to $115 from $130 per share.
"June results and guidance will be another positive catalyst for tech stocks," said Wedbush in its projection for further gains in the sector.
"The software and services business attached to the EV shift represents a potential gold mine," Wedbush analysts write.
The EV maker's recall setback in China is a speed bump and doesn't derail Wedbush's near-term or long-term bull thesis, analyst Dan Ives said.
From Amazon to Google to Disney, major tech and entertainment companies have tried - and failed - to break into gaming. Netflix might be the latest.
BofA analysts led by John Murphy lowered their price target on shares of Tesla from $900 to $700 on Friday.
Analyst led by Moshe Katri tagged Coinbase with an "outperform" rating and a $275 price target on Wednesday.
Dan Ives of Wedbush said the move was a "shocker, and added that this could increase volatility for Tesla.
"Our original view that the iPhone cycle would disappoint in the midst of COVID was clearly wrong," Goldman Sachs analysts wrote.
Wedbush analysts are more constructive on Netflix than ever, but question its valuation and ability to generate free cash flow of more than $1 billion in 2021.
Wedbush's Ives said "Bitcoin is not disappearing but instead likely to become more mainstream over the coming years," in a note to clients Thursday.
Dan Ives of Wedbush says "tech stocks have an upward 25%-30% move in the cards" in 2021. Here are the analyst's most compelling risk/reward tech buys.
Microsoft can monetize AR capabilities and it's "tightening its grip" on deals within the Pentagon, Wedbush analyst Daniel Ives said.
"This is not the time to panic in EV land... just part of the multi-year ride higher," Wedbush analyst Dan Ives said.
Wedbush said Intel CEO Pat Gelsinger's plan to reinvest in production is "ideal" but will likely weigh on earnings and cash flow in coming years.