Tesla Motors Coverage Initiated by Analysts at FBR Capital Markets (TSLA)
Analysts at FBR Capital Markets began coverage on shares of Tesla Motors (NASDAQ:TSLA) in a research report issued to clients and investors on Wednesday, AnalystRatingsNetwork reports. The firm set a “market perform” rating and a $150.00 price target on the stock. FBR Capital Markets’ price objective would suggest a potential downside of 26.36% from the stock’s previous close.
Shares of Tesla Motors (NASDAQ:TSLA) opened at 203.70 on Wednesday. Tesla Motors has a 52-week low of $33.80 and a 52-week high of $202.72. The stock has a 50-day moving average of $170.0 and a 200-day moving average of $159.6. The company’s market cap is $24.972 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Litchfield Hills Research raised their price target on shares of Tesla Motors from $188.00 to $222.00 in a research note on Tuesday. Separately, analysts at Robert W. Baird raised their price target on shares of Tesla Motors from $187.00 to $215.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Finally, analysts at TheStreet reiterated a “sell” rating on shares of Tesla Motors in a research note on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Tesla Motors presently has an average rating of “Hold” and a consensus target price of $161.06.
Tesla Motors, Inc (NASDAQ:TSLA) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components.
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