Dan Ives is a managing director and senior equity research analyst at Wedbush Securities, a leading financial services and investment firm based in Los Angeles. He covers the technology sector, with a focus on software, cloud computing, cybersecurity, electric vehicles, and disruptive innovation. He is widely regarded as one of the most influential and insightful tech analysts on Wall Street, with a track record of predicting the trends and opportunities that shape the industry.

Ives has been a tech analyst for over two decades, starting his career as a financial analyst at HBO, before earning his MBA in finance and joining FBR Capital Markets, where he spent 16 years as a managing director and head of technology research. He joined Wedbush Securities in 2018, where he leads a team of analysts that cover over 100 tech companies across the US, Europe, and Asia.

Ives is known for his deep knowledge and passion for the tech sector, as well as his ability to communicate his views and analysis to a wide audience of investors, media, and industry leaders. He is a frequent guest on CNBC, Bloomberg, BBC, and other major networks, where he provides commentary on the latest tech news and developments. He has also been a keynote speaker at various tech conferences and events around the world, sharing his insights and forecasts on the future of technology.

Ives has a reputation for being ahead of the curve and identifying the winners and losers in the tech landscape. He was one of the first analysts to recognize the potential of cloud computing and software-as-a-service (SaaS) models, and has been a vocal advocate for the adoption and innovation of these technologies. He has also been bullish on the prospects of cybersecurity, big data, artificial intelligence, and the Internet of Things, as well as the emerging opportunities in electric vehicles, autonomous driving, and 5G.

Some of his notable calls and predictions include:

  • He was one of the earliest and most vocal supporters of Tesla, the electric vehicle maker led by Elon Musk. He initiated coverage on Tesla in 2013, when the stock was trading at around $40, and has maintained a positive outlook on the company ever since, despite the volatility and challenges it has faced. He has repeatedly raised his price target and rating on Tesla, and currently has an outperform rating and a $1,000 price target, implying a 435% upside from the current level. He believes Tesla is the leader and pioneer in the electric vehicle revolution, and has a significant competitive advantage in terms of technology, innovation, and brand loyalty. He also sees Tesla as a key player in the autonomous driving and battery markets, and expects the company to achieve profitability and growth in the coming years.
  • He was one of the first analysts to appreciate the value and potential of Apple, the tech giant known for its iPhone, iPad, Mac, and other products and services. He initiated coverage on Apple in 2006, when the stock was trading at around $10, and has been a consistent bull on the company ever since, through its various cycles and transformations. He has repeatedly raised his price target and rating on Apple, and currently has an outperform rating and a $200 price target, implying a 8% upside from the current level. He believes Apple is the most valuable and iconic consumer brand in the world, and has a loyal and growing customer base that drives its recurring revenue and cash flow. He also sees Apple as a leader and innovator in the smartphone, tablet, wearable, and streaming markets, and expects the company to benefit from the 5G upgrade cycle and the expansion of its services and content offerings.
  • He was one of the first analysts to recognize the importance and impact of Microsoft, the software giant that dominates the PC, cloud, and enterprise markets. He initiated coverage on Microsoft in 2010, when the stock was trading at around $25, and has been a strong bull on the company ever since, through its turnaround and transformation under CEO Satya Nadella. He has repeatedly raised his price target and rating on Microsoft, and currently has an outperform rating and a $300 price target, implying a 62% upside from the current level. He believes Microsoft is the undisputed leader and beneficiary of the cloud computing and digital transformation trends, and has a diversified and resilient portfolio of products and services that cater to both consumers and businesses. He also sees Microsoft as a key player and innovator in the artificial intelligence, gaming, and social media markets, and expects the company to deliver strong growth and profitability in the coming years.

Ives has also been vocal and optimistic about other tech companies, such as Amazon, Netflix, Facebook, Google, Salesforce, Zoom, Shopify, and many others, that he believes are well-positioned to capitalize on the secular and structural shifts in the tech sector, and have strong competitive advantages, growth prospects, and value propositions.

Ives has received numerous accolades and recognition for his work and performance as a tech analyst. He has been ranked as one of the top analysts by various publications and platforms, such as Institutional Investor, The Wall Street Journal, TipRanks, and StarMine. He has also been awarded and honored by various organizations and associations, such as the New York Society of Security Analysts, the Financial Times, and the National Association of Business Economics.

Ives is not only a tech analyst, but also a tech enthusiast and visionary, who sees the future of technology and how it can shape the world for the better. He is constantly learning and exploring new ideas and opportunities in the tech sector, and sharing his insights and recommendations with his clients, colleagues, and followers. He is a respected and trusted voice in the tech community, and a valuable asset to Wedbush Securities and the tech industry at large.

Ives has made some predictions and recommendations for the tech sector in 2024. Some of his stock picks for 2024 are:

  • Apple Inc (NASDAQ:AAPL): Ives expects Apple to introduce its AI App Store at the WWDC in 2024, which could boost its services revenue by $5 billion annually. He also sees Apple as a leader and innovator in the smartphone, tablet, wearable, and streaming markets, and expects the company to benefit from the 5G upgrade cycle and the expansion of its services and content offerings.
  • Tesla Inc (NASDAQ:TSLA): Ives believes Tesla will introduce a sub $30k vehicle produced out of Mexico that could drastically change the unit volume game for Musk & Co. looking ahead. He also sees Tesla as the leader and pioneer in the electric vehicle revolution, and has a significant competitive advantage in terms of technology, innovation, and brand loyalty. He also sees Tesla as a key player in the autonomous driving and battery markets, and expects the company to achieve profitability and growth in the coming years.
  • Microsoft Corporation (NASDAQ:MSFT): Ives believes Microsoft is the undisputed leader and beneficiary of the cloud computing and digital transformation trends, and has a diversified and resilient portfolio of products and services that cater to both consumers and businesses. He also sees Microsoft as a key player and innovator in the artificial intelligence, gaming, and social media markets, and expects the company to deliver strong growth and profitability in the coming years.

Other tech stocks that Ives is bullish on for 2024 are Amazon.com Inc (NASDAQ:AMZN), Meta Platforms (NASDAQ:META), NVIDIA Corp (NASDAQ:NVDA), and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL). He calls these stocks the “Magnificent 7” and expects them to lead the tech rally in 2024. He also predicts that 2024 will be the “year of AI” as tech stocks surge by (at least) 25%, driven by the increasing use cases and monetization of AI technologies.

2 thoughts on “How Dan Ives Became the Most Influential Tech Analyst on Wall Street”
  1. I am starting to hear more and more about a pre IPO company cslled DataMinr which is based in NYC. Does Wedbush follow this firm and can you share any information and opinions on the firm. Thank you in advance for your time and hopeful insight. I excitedly look forward to your response in the near future.
    I have been a follower of the quality of your tech research for years. Your firm is the Gold Standard Period. Full
    stop. Wishing you continued success in your efforts.

  2. […] The “Magnificent 7” companies have captivated the market with their remarkable price mov… Whether you are a seasoned trader or an aspiring investor, it is essential to approach the markets with caution, discipline, and a willingness to continually learn and adapt to the ever-changing market landscape. […]

Leave a Reply

Your email address will not be published. Required fields are marked *