Wedbush's Dan Ives launches coverage on 49 tech names with fresh Mag 7 targets: Tesla $500, Nvidia $300, Apple and Alphabet $400
What happened
Wedbush tech analyst Dan Ives, the longtime prominent tech bull, initiated coverage on 49 names across the tech landscape on Wednesday with Outperform ratings across the board, including: Apple (AAPL) $400 and Alphabet (GOOGL) $400 price targets, Amazon (AMZN) $300, Meta (META) $900, Microsoft (MSFT) $615, Nvidia (NVDA) $300, Tesla (TSLA) $500, plus SpaceX at $225. SoftBank was initiated at Outperform with a $290 target and CrowdStrike (CRWD) at Outperform with a $335 target. Ives' thesis centers on the infrastructure layer staying supply-constrained 'through at least 2027,' with companies owning scarce compute, memory, and power capturing growth; enterprise software has recovered, cybersecurity takes a growing share of IT budgets, and 'physical AI' is the newest front. The initiation comes a month after Ives launched the Ives Ultra AI Opportunities closed-end fund (IVAI) targeting late-stage private AI companies.
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- Tesla (TSLA) — $500 target implies the largest upside among the group, a high-conviction call on a stock down 15% YTD
- Apple (AAPL), Alphabet (GOOGL) — $400 targets each, bullish on both megacaps
- Microsoft (MSFT) — $615 target following the Melius Research Buy/$665 call on Monday
- Nvidia (NVDA) — $300 target, continuing the bullish AI-infrastructure narrative
- Meta (META) — $900 target, support after the Wells Fargo PT raise to $1,000
- Amazon (AMZN) — $300 target
- CrowdStrike (CRWD), SoftBank — fresh Outperform initiations in cybersecurity and AI-adjacent plays
Sources