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Analyzing The Stock Performance Of Tesla Motors Inc (NASDAQ:TSLA)

Boston, MA 10/22/2013 (wallstreetpr) – The research analysts who work at JPMorgan Chase & Co have increased their target price that they have estimated for the shares of Tesla Motors Inc (NASDAQ:TSLA). They have increased the price from $ 83.00 to $93.00. This report containing the increased value was released on Monday by stock ratings network.

Currently, the rating of the stock is “neutral”. As per the price objective issued by JPMorgan, it hints a potential downside of nearly 46.12%, keeping the current price as a reference point.  A lot of other firms have also commented on the performance of TSLA. The analysts who work at S&P equity research have provided a sell rating to the stock. At the same time, the analysts that work at Barclays gave an “equal weight” rating. They have now set a $141 price on the stock of Tesla motors.

Analysts at Wedbush have upgraded the shares from the “neutral” rating to the “outperform” rating. As per their reports, the price target of the stock is now $240 which has increased considerably from the previous target of $180.00.

Therefore, four equities research analysts have given a sell rating to the stock of Tesla motors. However six of them have assigned a hold rating. It is important to mention that ten of them have also issued a buy rating for the stocks of Tesla motors. When we take up an average analysis, the average rating for the stock is hold and on an average, the price target for the stock comes to $156.81.

As per the last quarter earnings reports that was released by Tesla on August 7th, the earning per share for that quarter was $0.20 which was better than the consensus estimate that was $0.16. For the same quarter, the company managed to earn revenue of $405.10 million. Hence, the ratings have given significant inputs to the investors regarding the right decision to take.

Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email (brendanbyrne@wallstreetpr.com) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).

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