Barclays Reiterates Underweight Rating on Tesla (TSLA)

July 25, 2019 7:31 AM EDT
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Price: $570.98 -0.12%

Rating Summary:
    21 Buy, 21 Hold, 11 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 4 | New: 19
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Barclays analyst Brian Johnson reiterated an Underweight rating and $150.00 price target on Tesla (NASDAQ: TSLA). Although the push to move cars led to record deliveries, neither revenues nor EPS were anywhere near a record.

Some bullish investors might have anticipated a modest non-GAAP profit. However, TSLA’s 2Q19 result of - $1.12 should mark the top of the current ‘swing trade.'

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 $233.30 yesterday.

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