Tesla, GM, and Ford Price Targets Raised by Citi. General Motors Is the Top Pick

Barrons2021-12-31

Trends in the auto industry all point toward a strong fourth quarter, Citigroup said, prompting analyst Itay Michaeli to raise his price targets on shares of Tesla,Ford Motor,and General Motors.“We ...

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Comments

Bull1973
2021-12-31
Bull1973
Ok
romanc9
2021-12-31
romanc9
Is all about EV in the future..
bepisonly
2021-12-31
bepisonly
Interesting
HH浩
2021-12-31
HH浩
Will Conventional car industry able to give EV car manufacturer a run of their money?
Ah Deck
2021-12-31
Ah Deck
Will Ford worth to invest ? Pls like
Strawberry88
2021-12-31
Strawberry88
When EV goes up, there’s opportunity from Charging Point and EVGO.

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General Motors Is the Top Pick\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-31 10:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-tsla-ford-general-motors-gm-citi-stock-price-targets-51640880691?siteid=yhoof2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Trends in the auto industry all point toward a strong fourth quarter, Citigroup said, prompting analyst Itay Michaeli to raise his price targets on shares of Tesla,Ford Motor,and General Motors.“We ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-tsla-ford-general-motors-gm-citi-stock-price-targets-51640880691?siteid=yhoof2\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"https://www.barrons.com/articles/tesla-tsla-ford-general-motors-gm-citi-stock-price-targets-51640880691?siteid=yhoof2","article_id":"1108361091","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1108361091","pubTimestamp":1640918699,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"Trends in the auto industry all point toward a strong fourth quarter, Citigroup said, prompting anal","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉","GM":"通用汽车","F":"福特汽车"},"translate_title":"花旗上调Tesla,GM和福特汽车的价格目标。通用汽车是首选","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"F":0.9,"GM":0.9,"TSLA":0.9},"content_text":"Trends in the auto industry all point toward a strong fourth quarter, Citigroup said, prompting analyst Itay Michaeli to raise his price targets on shares of Tesla,Ford Motor,and General Motors.“We are raising our 2021-23 EPS estimates to reflect strong Q4 trends, particularly in the U.S.,” Michaeli wrote in a research note.Michaeli’s new price target for Tesla (ticker: TSLA) is $262, up from $236. The analyst cited improving supply-and-demand dynamics, where despite near-term margin headwinds the electric vehicle supply will remain strong enough to drive year-over-year margin expansion.Michaeli is one of eight analysts surveyed by FactSet who rate the stock a Sell, with a price target significantly below Wall Street’s mean consensus of $861.41. The analyst’s Sell rating reflects Citi’s view of the high risk associated with the current valuation, he said.“If we look at the time when a handful of other companies neared Tesla’s current market cap, they did so generating ~8x more gross profit (on average) than Tesla’s current 2021 consensus and ~3x more than Tesla’s 2025 consensus,” Michaeli added.Tesla stock was up 0.4% to $1,090.37 on Thursday. It had traded lower on news that the EV maker recalled hundreds of thousands of Model 3 and Model S cars.Michaeli was more bullish on General Motors (GM), maintaining a Buy rating and raising his price target to $96 from $90. 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The analyst reiterated a Neutral rating on the stock.“We continue to see greater relative upside at GM, but we maintain a constructive stance on Ford, as the long-term risk/reward proposition continues to improve,” Michaeli said.GM stock was up 2.3% to $58.53, while Ford gained 0.6% to $20.69 on Thursday.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9003849982,"gmtCreate":1640940313449,"gmtModify":1676533557051,"author":{"id":"3584680402793671","authorId":"3584680402793671","name":"Bull1973","avatar":"https://static.tigerbbs.com/866d29bf88ff7363d121a5ccc6028aae","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584680402793671","authorIdStr":"3584680402793671"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003849982","repostId":1108361091,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9003853166,"gmtCreate":1640936444768,"gmtModify":1676533556821,"author":{"id":"4102495020619380","authorId":"4102495020619380","name":"romanc9","avatar":"https://static.tigerbbs.com/76bfe37245defa055adfff7453f1520f","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"idStr":"4102495020619380","authorIdStr":"4102495020619380"},"htmlText":"Is all about EV in the future..&nbsp;","listText":"Is all about EV in the future..&nbsp;","text":"Is all about EV in the future..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003853166","repostId":1108361091,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":692877248,"gmtCreate":1640927812344,"gmtModify":1676532506405,"author":{"id":"4091365969251860","authorId":"4091365969251860","name":"bepisonly","avatar":"https://static.tigerbbs.com/2ceb8f9efa61998fc5fc26727e358cd0","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"4091365969251860","authorIdStr":"4091365969251860"},"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/692877248","repostId":1108361091,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":9003884165,"gmtCreate":1640926596159,"gmtModify":1676533556190,"author":{"id":"3582015516749888","authorId":"3582015516749888","name":"HH浩","avatar":"https://static.tigerbbs.com/2639351c97027c6f71c4d9729ef216d8","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3582015516749888","authorIdStr":"3582015516749888"},"htmlText":"Will Conventional car industry able to give EV car manufacturer a run of their money?&nbsp;","listText":"Will Conventional car industry able to give EV car manufacturer a run of their money?&nbsp;","text":"Will Conventional car industry able to give EV car manufacturer a run of their money?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003884165","repostId":1108361091,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9003881821,"gmtCreate":1640925309280,"gmtModify":1676533556079,"author":{"id":"4098445225447010","authorId":"4098445225447010","name":"Ah Deck","avatar":"https://static.tigerbbs.com/0e52eb1e14e0f630d24f1687ea546cd8","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"4098445225447010","authorIdStr":"4098445225447010"},"htmlText":"Will Ford worth to invest ? Pls like&nbsp;","listText":"Will Ford worth to invest ? Pls like&nbsp;","text":"Will Ford worth to invest ? Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003881821","repostId":1108361091,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9003831564,"gmtCreate":1640921166117,"gmtModify":1676533555466,"author":{"id":"4094697601250800","authorId":"4094697601250800","name":"Strawberry88","avatar":"https://static.tigerbbs.com/de6619c61ef411d558d38d5a14826d2a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4094697601250800","authorIdStr":"4094697601250800"},"htmlText":"When EV goes up, there’s opportunity from Charging Point and EVGO.&nbsp;","listText":"When EV goes up, there’s opportunity from Charging Point and EVGO.&nbsp;","text":"When EV goes up, there’s opportunity from Charging Point and EVGO.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003831564","repostId":1108361091,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":82,"commentSize":16,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1108361091"}