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Jefferies: Upgraded Tesla (TSLA) to Buy from Hold $850 Price Target

凤凰网港股2021-08-09

Ifeng.com Hong Kong Stocks |JefferiesAnalyst Philippe Houchois willTesla(TSLA) upgraded to Buy from Hold, raising its price target to $850 from $700. Analysts and teams in general are positive that its OME has the ability to improve margins with less and better capital allocation. For Tesla, the analyst team saw an accelerated boost in earnings/ROIC leverage and capital benchmarks used, and therefore raised Tesla's 2022 EPS to $7.44 from the previous $6.28, with the consensus EPS estimate of $7.19. Raised 2021-22 GAAP EBIT estimates by 17% under higher gross margin assumptions.

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  • waihustle
    ·2021-08-09
    Slowly but surely 
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