John Murphy

Electric vehicle stocks have been all the rage on Wall Street in the past couple of years. On Monday, Bank of America auto analyst John Murphy updated his long-term EV penetration forecast for the U.S. market. He now sees EV penetration happening much more rapidly than he previously expected. The...

Lordstown Motors Corp (NASDAQ: RIDE) shares dropped another 18% on Wednesday following a 16.3% drop Tuesday after the company issued a “going concern” warning in its latest quarterly filing. What Happened? Lordstown went public in October of 2020 after completing a SPAC merger. Roughly...

On Wednesday, Bank of America released its annual Car Wars study of the strength of U.S. automaker product pipelines. The Analyst: Analyst John Murphy said he was impressed by the recent Ford Motor Company (NYSE: F) Capital Markets Day event and sees more upside for the stock in the near future....

One Tesla Inc (NASDAQ: TSLA) Wall Street analyst reduced his price target for the stock by 22% Friday and said investors should expect yet another equity offering from Tesla in the near future. The Tesla Analyst: BofA Securities analyst John Murphy reiterated a Neutral rating on Tesla and cut...

Ford Motor Company (NYSE: F) shares were trading solidly down Thursday after the company reported better-than-expected first-quarter earnings. Unfortunately, the company also said it will lose half of its production in the second quarter due to the ongoing global chip shortage and a fire at a Ford...

Tesla Inc (NASDAQ: TSLA) shares traded lower by 4% on Tuesday after investors took profits in the stock following its first-quarter earnings beat. For the first quarter, Tesla reported adjusted EPS of 93 cents on $10.39 billion in revenue. Both numbers beat consensus analyst estimates of 79...

The electric vehicle market is expected to see exponential growth in the years ahead, and this is reflected in the heady valuations investors are according to some of the stocks in the sector. Against this backdrop, an analyst at BofA Securities looked at the prospects for some EV...

Auto stocks have been some of the top performers in the market in the last year as investors position themselves for long-term growth trends from the next generation of auto technology, including electric and autonomous vehicles. BofA Securities analyst John Murphy recently discussed five key...

Tesla Inc (NASDAQ: TSLA) shares gained 6% on Monday morning after the company reported first-quarter delivery numbers that exceeded Wall Street estimates, but one analyst said Tesla’s delivery number wasn’t anything for investors to get excited about. The Analyst: Bank of America...

Electric vehicle adoption is set to accelerate in the years to come amid the quest to cut down on pollution. An analyst at BofA Securities detailed how the EV revolution that is taking shape could impact the industry dynamics and the funding needs. Massive Funding Required: For EV adoption to...

Tesla Inc. (NASDAQ: TSLA) reported deliveries of 180,750 units for the fourth quarter of 2020, ahead of the Street estimates, and announced an equity distribution agreement to sell common stock worth up to $5 billion through an “at the market” offering program. The Tesla Analyst:...

Companies within the auto value chain reported "very good" third-quarter earnings, but the "too fast and furious recovery" implies investors should be more selective in their stock picking, according to BofA Securities. The Auto Analyst: John Murphy made the following rating...

Automaker Ford Motor Company (NYSE: F) reported Wednesday with strong third-quarter results that were highlighted by a return to profitability. Here's how three Street analysts reacted to the print. The Ford Analysts Benchmark analyst Michael Ward maintains an Overweight rating on Ford...

General Motors Company (NYSE: GM) shares were rallying Tuesday ahead of the company’s highly anticipated debut of its fully electric Hummer truck. The GMC Hummer EV will be GM’s first attempt to compete directly against Tesla Inc (NASDAQ: TSLA) and its EV Cybertruck. The new electric...

The U.S. presidential election is less than a month away, and it will likely be a major catalyst for the stock market no matter how the votes end up falling. On Friday, Bank of America auto analyst John Murphy took a deep look into how the election could impact the U.S. auto industry. Key...