Goldman Pounds Table on Tesla (TSLA) Ahead of Near-Term Catalysts, Short Squeeze in Focus

June 20, 2012 8:14 AM EDT
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Price: $244.73 +0.40%

Rating Summary:
    17 Buy, 13 Hold, 9 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Tesla Motors (NASDAQ: TSLA) is set to deliver the first Model S sedans this month, with press reviews coming in July and August. With the news, analysts at Goldman Sachs can't hold in their enthusiasm and today ratcheted up their price target.

Goldman Sachs boosted their 6-month price target 39 percent from $36 to $50, suggesting 56 percent upside from current levels. The firm also updated forecasts to include the higher volume Gen 3 program and introduce 2016 and 2017 forecasts.

If the the Model S delivers from a performance standpoint, as they expect, Goldman said "investors will be more willing to look to the higher volume Gen 3, which we do not believe is in the price."

The upside will be "amplified by the stock’s 46% short interest of the free float."

For shorter term investors, the firm's options research team believes the July $35 calls are attractive at current levels.

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 $32.09 yesterday.

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