Morgan Stanley issues an upgrade to Adobe stock on its AI strategy. Archer Aviation partners with the U.S. Air Force to build electric air-taxis. Palantir shares trend higher after Wedbush analysts hale it as the "Messi of AI." Yahoo Finance's Julie Hyman and Brad Smith take a look at several of today's trending stories.
Video Transcript
- Let's take a look at how stocks are moving this morning. First, taking a look at the S&P 500. You can see stocks looking for some direction as investors await lots of new data. This week, we've got the jobs report, plus a whole heap of earnings.
- And taking a look at individual stocks. Adobe shares are popping today. They're at about an 18 month high, in fact. Morgan Stanley said the company is rallying and still has further to go. The bank now giving Adobe its highest price target on the street at $660. That's about 25% upside fueled by optimism over its artificial intelligence strategy.
- And Archer Aviation stock, that is soaring today, flying high, some might even say. Up over 16% on news that the company made a $142 million deal to build six of its midnight electric air taxis for the US Air Force. This is part of an existing partnership with the Air Force Agility Prime program with the aim to potentially provide an alternate to helicopters for personnel, transport, and rescue operations.
- And we continue to watch Palantir. The stock extending gains from Friday after Wedbush analyst and friend of the show Dan Ives initiated coverage of the company with an outperform rating and $25 price target. He called it the Messi of AI as in Lionel or Lionel, saying it's poised to be a major player in this new tech revolution.
