Jefferies: Upgraded Tesla (TSLA) to a "Buy" rating from a "Hold" price target of $850

凤凰网港股2021-08-09

Ifeng.com Hong Kong stocksJefferiesAnalyst Philippe Houchois willTesla(TSLA) was upgraded to buy from hold, raising its price target to $850 from $700. Analysts and teams are generally positive about its OME's ability to improve profit margins through less and better capital allocation. For Tesla, the analysis team saw an acceleration in the earnings/ROIC leverage ratio and the capital benchmark used, so it raised Tesla's earnings per share in 2022 to $7.44 from the previous $6.28, with the consensus EPS estimate of $7.19. Raised its 2021-22 GAAP EBIT estimate by 17% under higher gross margin assumptions.

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Comments

  • waihustle
    2021-08-09
    waihustle
    Slowly but surely 
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