Dougherty Raises Expectations on Telsa Motors (TSLA) Following Meeting With Management
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Price: $149.93 --0%
Rating Summary:
22 Buy, 28 Hold, 13 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 10 | New: 7
Rating Summary:
22 Buy, 28 Hold, 13 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 10 | New: 7
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Dougherty & Co is reaffirming its Buy rating and $40 price target on shares of Tesla Motors (NASDAQ: TSLA) while updating its financial model.
The company's new growth strategy to incorporate new car models has lead the firm to increase its FY12 revenue and EPS estimates from $512 million and ($2.01) to $532 million and ($1.79). For 2013, Dougherty raised its estimates from $1.79 billion and $1.31 to $1.81 billion and $1.42.
The firm believes that Tesla Motors will, "transfer from a story stock to one that is measurable on its quarterly results." It is forecasted that the first profitable for the company will the be first quarter of 2013.
Following recent meeting with management and talking R&D spending, Dougherty is more confident with the company's yield on the Model X. On October 1, Telsa will be offering rides in its Model S and the firm sees this as a major catalyst for the company's stock. Dougherty is anticipating positive feedback from the investor tour.
Dougherty has also established EPS estimates for 2014 and 2015 of $2.55 and $2.99. Sales for the two years is estimated to be $2.9 billion and $3.3 billion.
For more ratings news on Tesla Motors click here and for the rating history of Tesla Motors click here.
Shares of Tesla Motors closed at $25.52 yesterday.
The company's new growth strategy to incorporate new car models has lead the firm to increase its FY12 revenue and EPS estimates from $512 million and ($2.01) to $532 million and ($1.79). For 2013, Dougherty raised its estimates from $1.79 billion and $1.31 to $1.81 billion and $1.42.
The firm believes that Tesla Motors will, "transfer from a story stock to one that is measurable on its quarterly results." It is forecasted that the first profitable for the company will the be first quarter of 2013.
Following recent meeting with management and talking R&D spending, Dougherty is more confident with the company's yield on the Model X. On October 1, Telsa will be offering rides in its Model S and the firm sees this as a major catalyst for the company's stock. Dougherty is anticipating positive feedback from the investor tour.
Dougherty has also established EPS estimates for 2014 and 2015 of $2.55 and $2.99. Sales for the two years is estimated to be $2.9 billion and $3.3 billion.
For more ratings news on Tesla Motors click here and for the rating history of Tesla Motors click here.
Shares of Tesla Motors closed at $25.52 yesterday.
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