Wall St. Analyst: Tesla Could Become “Amazon” of Energy
At least one analyst thinks that Tesla could become the “everything energy” company, in the same way that Amazon is the “everything store”.
At least one analyst thinks that Tesla could become the “everything energy” company, in the same way that Amazon is the “everything store”.
UNO reverse, that is what this feels like! In this case, that means we analyze the analysts. This is the 4th edition of our Tesla analyst report cards, based on where their TSLA price targets and sell/hold/buy advice would lead you (based on information from tools like tipranks, marketbeat, and other research).
This is the third edition of our Tesla analyst report cards based on where their TSLA price targets and sell/hold/buy advice would lead you (based on information from tools like tipranks, marketbeat and other research).
Jefferies just came pretty close to doubling its price target on Tesla, CNBC has reported. Analyst Philippe Houchois raised Tesla’s price target to what is known as a “Street high.” This number is $1,200 and it is a jump from the previous target of $650. The belief is that COVID-19, the disease that many thought was going to harm Tesla and its stock, did the opposite. It accelerated the transition to EVs and renewables.
This is the most in-depth guide on the internet on Tesla [TSLA] stock analysts on Wall Street and beyond.
As the title implies, the bulls and bears are back, even if the amount of “vocal” bears have diminished in numbers. At first glance, this might not be very visible. After all, there is less negative news this week. However, if you check the recurring headlines chart, the number of articles related to the stock market has gone up significantly. That doesn’t even include the articles that mention that Tesla might choose to pay off debt with stock.
Tesla will show a profit during the third quarter and the fourth quarter this year (2018), the company’s CEO, Elon Musk, has revealed.
An analyst for Jefferies by the name of Philippe Houchois has warned that Tesla’s stock is highly overvalued, and that the company may end up rising far longer to achieve “profitability” than is commonly supposed.
Update: Title updated to 50% rather than 70%. Originally published on EV Obsession. Tesla will drive down battery-pack-level costs by 70% (down to around $38/kilowatt-hour) once the Gigafactory hits peak production via economies of scale, improved chemistry, supply chain optimization, and other factors, according to Jefferies analyst Dan Dolev. As part … [continued]