(This is CNBC Pro’s live coverage of Tuesday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A chipmaker and an electric vehicle giant were in focus on Tuesday’s analyst chatter. Bernstein lowered its price target on Tesla, calling for 30% downside. Meanwhile, Mizuho raised its price target on Micron, citing a growing AI opportunity. Check out the latest calls and chatter below. All times ET. 5:53 a.m.: Mizuho ups Micron price target, expects stronger AI opportunity Mizuho Securities said Micron Technology’s artificial intelligence opportunity thanks to stronger High Bandwidth Memory 3E (HBM3E) pricing that could lead to better-than-expected sales in late 2024 into 2025. The firm reiterated a buy rating on the computer storage and memory stock on Monday and raised its price target to $130 per share from $124. Mizuho’s forecast implies nearly 11% upside from Monday’s close. Analyst Jason Getz sees HBM sales of about $9 billion and $13 billion for 2024 and 2025, respectively, with the possibility of expanding by 65% over three years on a compounded annual growth rate basis. “With 2023E headwinds mostly behind with inventories normalizing, pricing stabilizing and demand recovery, we see 2024E setting up much stronger with better pricing, industry supply discipline, and DC/PC unit growth with increasing content,” he said. Micron has climbed more than 37% this year. Shares were up more than 1% in the premarket. — Brian Evans 5:53 a.m.: Bernstein cuts Tesla price target Longtime Tesla bear Toni Sacconaghi lowered his price target on the EV maker to $120 from $150, citing growing demand constraints. The new forecast implies downside of 30% over the next 12 months. “Quarter to date, Tesla has experienced soft China/Europe demand and constrained US Model 3 production,” the Bernstein analyst wrote, reiterating his underperform rating and lowering his first-quarter and full-year deliveries estimates. “Despite the stock’s underperformance YTD, we struggle to see a catalyst for TSLA. We expect tepid growth in 2024, as well as 2025, bringing into question the company’s growth narrative,” Sacconaghi wrote. Tesla has lost 30.5% in 2024, making it the worst-performing S & P 500 stock. To be sure, shares were up more than 3% in the premarket. TSLA YTD mountain TSLA ytd — Fred Imbert