Tesla Has Gotten Crushed. Wall Street Sees a Buying Opportunity.

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Tesla Has Gotten Crushed. Wall Street Sees a Buying Opportunity.

Barrons2021-03-12

Wall Street is quietly becoming more upbeat about shares of the electric-vehicle pioneer Tesla.Another analyst gave it a Buy rating on Wednesday evening.“Tesla is the global leader in the EV market ...

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Liyuetli
·2021-03-15
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EvonneL
·2021-03-14
Like and comment pls.
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Wall Street Sees a Buying Opportunity.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-12 19:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-gets-a-new-buy-rating-as-wall-street-quietly-gets-more-upbeat-51615477241?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street is quietly becoming more upbeat about shares of the electric-vehicle pioneer Tesla.Another analyst gave it a Buy rating on Wednesday evening.“Tesla is the global leader in the EV market ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-gets-a-new-buy-rating-as-wall-street-quietly-gets-more-upbeat-51615477241?mod=RTA\">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-gets-a-new-buy-rating-as-wall-street-quietly-gets-more-upbeat-51615477241?mod=RTA","article_id":"1117636536","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1117636536","pubTimestamp":1615548687,"columns":[],"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"Wall Street is quietly becoming more upbeat about shares of the electric-vehicle pioneer Tesla.Anoth","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉"},"translate_title":"特斯拉已经被压垮了。华尔街看到了买入机会。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":0.9},"content_text":"Wall Street is quietly becoming more upbeat about shares of the electric-vehicle pioneer Tesla.Another analyst gave it a Buy rating on Wednesday evening.“Tesla is the global leader in the EV market with its vertically integrated manufacturing,advanced batteryand [advanced driver assistance system], innovation, and an unsurpassed EV footprint,” wrote Mizuho analyst Vijay Rakesh in a research report beginning coverage of the stock. His target for the stock price is $775, while the shares were at $699.6 on Thursday.Rakesh sees EVs accounting for up to 25% of all light-vehicle production by 2024. He believes Tesla’s technology and increasing internal battery production position it well to take advantage of that projected EV growth.Rakesh covers a mix of tech and auto stocks. His coverage list also includesNIO(NIO) andIntel(INTC).With the Mizuho call, about 37% of analysts covering Tesla stock rate shares at Buy, compared with some 20% in early 2020. The average Buy-rating ratio for stocks in the Dow Jones Industrial Average is about 60%. Tesla remains below average on that metric, but it has never had a high Buy-rating ratio. In fact, 37% is about as high as the ratio has been since the end of 2019, when shares traded in the $60s.Another sign of increased optimism is the average analystprice target. 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But the rally fizzled and Tesla stock ended the day down 0.8% while the S&P 500 gained 0.6%Tesla is richly valued, high-growth company and inflation fears, which bring higher interest rates, hurt its stock more than most.Higher interest rates not only increase the cost to borrow the money companies need to grow, but they also reduce the discounted present value of money to be earned in the future. That makes growth stocks a little less attractive, relatively speaking, than companies generating cash flow today.Wall Street seems more positive on Tesla now that inflation concerns have dragged down the stock price.","kind":"news","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":322040849,"gmtCreate":1615749985781,"gmtModify":1704786077724,"author":{"id":"3577047655541754","authorId":"3577047655541754","name":"Liyuetli","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577047655541754","authorIdStr":"3577047655541754"},"htmlText":"Trade&nbsp;","listText":"Trade&nbsp;","text":"Trade","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322040849","repostId":1117636536,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322035573,"gmtCreate":1615731771392,"gmtModify":1704786009334,"author":{"id":"3575894200290768","authorId":"3575894200290768","name":"EvonneL","avatar":"https://static.tigerbbs.com/cb53b45bdf200111cb5cfc9e7900c627","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575894200290768","authorIdStr":"3575894200290768"},"htmlText":"Like and comment pls.&nbsp;","listText":"Like and comment pls.&nbsp;","text":"Like and comment pls.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322035573","repostId":1117636536,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":36,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}