Tesla Stock Going Down to $115, According to 1 Wall Street Analyst
A lot of people have a lot of opinions about (NASDAQ: TSLA) stock -- which might be the understatement of the century. According to TipRanks.com, 40 analysts who follow Tesla value it at anywhere from $350 to under $23 per share, making it difficult for investors to know which price is "right."
Tiny stock shop GLJ Research has (and always has had) the lowest price target for Tesla. But with Tesla steadily cutting prices amid slowing sales of its electric cars, low-ball estimates have accumulated. Today, the third most pessimistic price target comes from one of the biggest names on Wall Street.
JPMorgan analyst Ryan Brinkman thinks Tesla stock is worth just $115 a share and he rates it a sell. That 12-month price target implies a 23% downside.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 56 Buy predictions and 27 Sell predictions.
With a target price of 242 € there is a positive potential of 44.0% for Tesla Inc compared to the current price of 168.06 €.
