Tesla (TSLA) Added to Baird's NEGATIVE Fresh Pick List, PT to $360
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Baird analyst Ben Kallo raised the price target on Tesla (NASDAQ: TSLA) to $360.00 (from $332.00) but maintained a Neutral rating after attending the company's Battery Day which highlighted breakthroughs in technology and manufacturing that will likely aid the company's P&L in ~18 months. While the company is clearly accomplishing impressive things, the current valuation already reflects the significant disruption potential leading the analyst to highlight the near term trading opportunity.
The analyst stated "With the Battery Day completed, we believe there is a lack of upcoming
catalysts and are cautious about demand given the recessionary environment, particularly given TSLA’s premium valuation. We are naming TSLA a negative “Fresh Pick,” which we use to denote near-term trade opportunities for stocks".
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Create E-mail Alert Related CategoriesAnalyst Comments, Analyst PT Change, Hot Comments
Related EntitiesRobert W Baird, Tesla, Ben Kallo
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