share_log

Tesla +7% Late Friday After Analysts React to Deliveries

Benzinga ·  Jan 4 04:40

$Tesla (TSLA.US)$analysts are cautious after fourth-quarter deliveries came in below consensus estimates and production fell below delivery figures. The stock climbed upwards of 7% late Friday after the news.

Canaccord Genuity analyst George Gianarikas maintained a Buy rating on Tesla. He also raised the price target from $298 to $404.

GLJ Research analyst Gordon Johnson maintained a Sell rating with a price target of $24.86.

Truist analyst William Stein maintained a Hold rating and lowered the price target from $360 to $351.

A key question after Tesla's fourth-quarter delivery miss was whether to downgrade the rating on the stock, Gianarikas said.

"Despite weaker...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment