1 Wall Street Analyst Thinks Tesla Stock Is Going to $293. Is It a Buy Around $170?
(NASDAQ: TSLA) shares got a boost following its first-quarter earnings report. Revenues declined 9% year over year and came in slightly below Wall Street's estimates, but the stock's slide heading into the report shows this negative outcome was already expected.
There are mixed opinions on Wall Street regarding where the stock goes from here, but RBC Capital remains optimistic on Tesla's future. Analyst Tom Narayan slightly lowered his price target from $294 to $293, but that's still significant upside from the current share price near $170.
Narayan is maintaining an outperform (buy) rating on Tesla after the company showed progress on two fronts.
Source Fool.com
Tesla Inc Stock
€159.50
-0.210%
Currently there is a rather positive sentiment for Tesla Inc with 56 Buy predictions and 27 Sell predictions.
As a result the target price of 248 € shows a very positive potential of 55.49% compared to the current price of 159.5 € for Tesla Inc.
