UPDATE: Tesla (TSLA) PT Raised to $750 at Canaccord Genuity
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Price: $364.27 -0.53%
Rating Summary:
29 Buy, 26 Hold, 16 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 9 | New: 26
Rating Summary:
29 Buy, 26 Hold, 16 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 9 | New: 26
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(Updated - January 30, 2020 8:19 AM EST)
(updating comment)
Canaccord Genuity analyst Jed Dorsheimer raised the price target on Tesla (NASDAQ: TSLA) to $750.00 (from $515.00) while maintaining a Buy rating.
The analyst comments "We maintain our BUY rating and are setting a new PT of $750 based upon applying a 30x multiple to our new FY21 EPS estimate of $25.03. We see this multiple as appropriately reflecting the large opportunity that the company has in disrupting the legacy transportation industry."
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