Goldman Sachs analysts maintain a buy rating on Tesla stock and raise their price target to $925.

TechWeb2020-05-31

Original title:Goldman SachsAnalyst MaintenanceTeslaStock buy rating raised to $925. Source: TechWeb.com.cn

[TechWeb] May 31 - According to foreign media reports, as Tesla's two factories in the United States have resumed normal operations, analysts are optimistic about Tesla's future performance expectations, and several analysts have raised their target prices for Tesla stock.

Goldman Sachs analyst Mark Delaney, who recently raised his price target for Tesla stock, maintained his buy rating and increased his price target from $864 to $925.

At the close of trading on Friday local time, Tesla's stock price was $835. Mark Delaney's target price of $925 was $90 higher, which means that in his view, Tesla stock still has more than 10% upside potential.

Mark Delaney is not the only analyst bullish on Tesla's future performance. JMP Securities analyst Joseph Osha also maintained his buy rating on Tesla stock, and his $1,001 target price is the highest among analysts' current target prices for Tesla.

Analysts raised their price targets for Tesla stock mainly because the Fremont electric vehicle assembly plant and the Gigabit plant in Nevada have resumed normal operations after being shut down for nearly two months. Electric vehicle production is gradually recovering, and Tesla has repeatedly shortened the expected delivery time of electric vehicles in the US market. Tesla's performance will gradually recover, but it will still be affected in the second quarter.

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  • Modi
    2020-05-31
    Modi
    925, 1001
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