Tesla Motors Rating Reiterated by Global Equities Research (TSLA)
Tesla Motors (NASDAQ:TSLA)‘s stock had its “overweight” rating restated by Global Equities Research in a research note issued on Monday, AnalystRatings.Net reports. They currently have a $225.00 price objective on the stock, up from their previous price objective of $150.00. Global Equities Research’s target price would suggest a potential upside of 35.92% from the company’s current price.
The analysts wrote, “Tesla is creating a new Transport-as-a-Service industry (TaaS), which is probably about $100 billion Industry. Over the next 5 years, we think, Tesla may capture about 60% of this industry. Innovation velocity at Tesla far exceeds that of other hyper growth companies such as Amazon.com and Salesforce.com”
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet downgraded shares of Tesla Motors (NASDAQ:TSLA) from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, September 11th. Separately, analysts at Dougherty & Co reiterated a “buy” rating on shares of Tesla Motors (NASDAQ:TSLA) in a research note to investors on Tuesday, September 10th. They now have a $200.00 price target on the stock.
Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. Tesla Motors currently has an average rating of “Hold” and a consensus price target of $144.69.
Shares of Tesla Motors (NASDAQ:TSLA) opened at 166.81 on Monday. Tesla Motors has a 52 week low of $26.86 and a 52 week high of $173.70. The stock’s 50-day moving average is $152.4 and its 200-day moving average is $94.13. The company’s market cap is $20.259 billion.
Tesla Motors (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.16) by $0.36. The company had revenue of $405.10 million for the quarter, compared to the consensus estimate of $393.40 million. During the same quarter in the prior year, the company posted ($0.89) earnings per share. The company’s quarterly revenue was up 1417.2% on a year-over-year basis. On average, analysts predict that Tesla Motors will post $0.61 earnings per share for the current fiscal year.
Tesla Motors, Inc (NASDAQ:TSLA) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components.
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