Barclays Says Tesla (TSLA) An "Execution Story", Data Will Emerge Soon
Tweet Send to a FriendGet Alerts TSLA Hot Sheet
Price: $103.39 +1.16%
Rating Summary:
11 Buy, 3 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
11 Buy, 3 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade TSLA Now!
Analysts at Barclays said Tesla Motors (NASDAQ: TSLA) recent letter providing color on issues, including production delays, manufacturing trajectory, and expectations around cash generation, does not shift its near-term view on the stock
"Tesla remains an execution story and thus, the emergence of data points that verify management is executing to plan - rather than specifics around its goals - are likely the key drivers for share appreciation," said analysts.
"Given the compressed time frame between now and when those goals are expected to be met, we would expect additional data points to emerge in the very near future," he said.
Barclays has an Overweight rating on Tesla Motors and a price target of $38.00.
For an analyst ratings summary and ratings history on Tesla Motors click here. For more ratings news on Tesla Motors click here.
Shares of Tesla Motors closed at $29.30 yesterday, with a 52 week range of $22.64-$39.95.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
"Tesla remains an execution story and thus, the emergence of data points that verify management is executing to plan - rather than specifics around its goals - are likely the key drivers for share appreciation," said analysts.
"Given the compressed time frame between now and when those goals are expected to be met, we would expect additional data points to emerge in the very near future," he said.
Barclays has an Overweight rating on Tesla Motors and a price target of $38.00.
For an analyst ratings summary and ratings history on Tesla Motors click here. For more ratings news on Tesla Motors click here.
Shares of Tesla Motors closed at $29.30 yesterday, with a 52 week range of $22.64-$39.95.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Global Equities Starts Tesla Motors (TSLA) at Overweight
- UPDATE: Canaccord Genuity Starts T-Mobile US, (TMUS) at Hold
- Goldman Sachs Starts Quintiles (Q) at Neutral
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
Barclays, Tesla
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
