Goldman Sachs Analyst Maintains Buy Rating on Tesla Stock, Price Target Raised to $925

TechWeb2020-05-31

Original title:Goldman SachsAnalyst MaintainsTeslaStock Buy rating price target raised to $925Source: TechWeb.com.cn

[TechWeb] May 31st news, according to foreign media reports, as Tesla's two factories in the United States have resumed normal operation one after another, analysts are also optimistic about Tesla's future performance expectations, and many analysts have raised the target price of Tesla stock.

The newly raised price target of Tesla stock is Mark Delaney, an analyst at Goldman Sachs. He maintained a Buy rating on Tesla stock and raised the price target of Tesla stock to $925 from the previous $864.

At the close of the US stock market on Friday local time, Tesla's share price was $835, and the target price of $925 given by Mark Delaney was $90 higher than that, which means that in his view, Tesla stock still has more than 10% upside room.

Mark Delaney is not the only analyst who is bullish on Tesla's future performance. JMP Securities analyst Joseph Osha also maintained a Buy rating on Tesla stock. His $1,001 price target is the highest among the current Tesla price targets given by analysts.

Analysts raised the target price of Tesla stock mainly because the Fremont electric vehicle assembly plant and the super battery factory in Nevada have resumed normal operation after nearly two months of suspension, and the production of electric vehicles is gradually recovering. Tesla has also shortened the estimated delivery time of electric vehicles in the U.S. market many times, and Tesla's performance will gradually recover, but it will still be affected in the second quarter.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Modi
    2020-05-31
    Modi
    925, 1001
Leave a comment
1