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.