Piper Sandler Reiterates Overweight Rating on Tesla (TSLA)

Piper Sandler analyst Alexander Potter reiterated an Overweight rating and $310.00 price target on Tesla (NASDAQ: TSLA).

The analyst commented, "On balance, we think most trading-oriented firms will be underwhelmed by the robo-taxi unveiling. We wouldn't be surprised if the stock sells off in the coming weeks, as pre-event momentum fizzles. Don't get us wrong: Tesla is not deviating from its plans, and during the live-stream, it was difficult to suppress a smile. This company is irrefutably unique, and “true believers” (including us) have every reason to feel energized after the unveiling. But it's difficult to make upward revisions to 2025/2026 estimates — at least not with any degree of conviction — and in our view, many investors had expected this event to deliver something more concrete."

For an analyst ratings summary and ratings history on Tesla click here. For more ratings news on Tesla click here.

Shares of Tesla closed at $238.78 yesterday.

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