Tesla Stock Gets “Sell” Rating and “Outperform”
Even the professional analysts don’t seem to have a clue as to what to make of Tesla’s stock valuation.
Standard & Poor’s just gave Tesla stock a “sell” rating, saying that its current stock price is too high.
S&P analyst, Efraim Levy, stated:
“We are positive on Tesla’s fundamental growth story, but are concerned by its valuation.”
“We believe there is execution risk for Tesla as well as opportunity. We expect these volatile shares to be impacted by news flow and investor sentiment shifts.”
Meanwhile, Wedbush Securities analyst Craig Irwin raised his Tesla rating for “neutral” to “outperform.”
Furthermore, Irwin raised his target price from $180 to $240.
But Standard & Poor’s target price is only $150.
Tesla’s future outlook lies on Gen III (aka Model E). Some analysts see Gen III selling in such high volumes that TSLA will skyrocket. Other aren’t as optimistic.
Source: Automotive News