Tesla Motors Given New $225.00 Price Target at Wedbush (TSLA)
Equities research analysts at Wedbush raised their price objective on shares of Tesla Motors (NASDAQ:TSLA) from $205.00 to $225.00 in a research note issued to investors on Thursday, StockRatingsNetwork.com reports. Wedbush’s price target would indicate a potential upside of 16.20% from the company’s current price.
TSLA has been the subject of a number of other recent research reports. Analysts at Dougherty & Co raised their price target on shares of Tesla Motors from $200.00 to $325.00 in a research note on Thursday. Separately, analysts at Jefferies Group downgraded shares of Tesla Motors to a “buy” rating in a research note on Thursday. They now have a $220.00 price target on the stock, up previously from $190.00. Finally, analysts at Northland Capital Partners raised their price target on shares of Tesla Motors from $230.00 to $253.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $176.22.
Tesla Motors (NASDAQ:TSLA) opened at 212.2687 on Thursday. Tesla Motors has a 52-week low of $33.80 and a 52-week high of $206.00. The stock has a 50-day moving average of $173.4 and a 200-day moving average of $160.8. The company’s market cap is $26.023 billion. Tesla Motors also was the recipient of some unusual options trading on Wednesday. Traders purchased 127,028 call options on the company. This is an increase of 134% compared to the average daily volume of 54,311 call options.
Tesla Motors (NASDAQ:TSLA) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.18 by $0.15. The company had revenue of $615.00 million for the quarter, compared to the consensus estimate of $657.15 million. Analysts expect that Tesla Motors will post $1.58 EPS for the current fiscal year.
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.