Tesla Motors PT Raised to $210.00 (TSLA)
Analysts at Jefferies Group lifted their price objective on shares of Tesla Motors (NASDAQ:TSLA) to $210.00 in a research report issued to clients and investors on Monday, StockRatingsNetwork reports. Jefferies Group’s price objective indicates a potential upside of 16.03% from the company’s current price.
Shares of Tesla Motors (NASDAQ:TSLA) traded up 2.75% during mid-day trading on Monday, hitting $185.95. The stock had a trading volume of 3,080,755 shares. Tesla Motors has a one year low of $26.86 and a one year high of $194.50. The stock has a 50-day moving average of $169. and a 200-day moving average of $109.5. The company’s market cap is $22.583 billion. Tesla Motors also was the recipient of unusually large options trading activity on Friday. Investors acquired 116,305 call options on the stock. This is an increase of approximately 131% compared to the typical volume of 50,377 call options.
Tesla Motors (NASDAQ:TSLA) last released its earnings data on Wednesday, August 7th. The company reported $0.20 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.89) earnings per share. Tesla Motors’s revenue was up 1417.2% compared to the same quarter last year.
A number of other firms have also recently commented on TSLA. Analysts at Standpoint Research initiated coverage on shares of Tesla Motors in a research note to investors on Friday. They set a “sell” rating and a $140.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Tesla Motors from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $194.40 price target on the stock. Finally, analysts at Wedbush reiterated a “neutral” rating on shares of Tesla Motors in a research note to investors on Thursday. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. Tesla Motors has a consensus rating of “Hold” and a consensus price target of $151.63.
Tesla Motors, Inc (NASDAQ:TSLA) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.