Tesla (TSLA) PT Raised to $1,200 at BofA Securities

November 10, 2021 6:42 AM EST
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Price: $846.35 +2.08%

Rating Summary:
    25 Buy, 21 Hold, 12 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 16 | New: 32
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BofA Securities analyst John Murphy raised the price target on Tesla (NASDAQ: TSLA) to $1,200.00 (from $1,000.00) while maintaining a Neutral rating following its and LCID’s impressive stock runs over the past month plus.

The analyst commented, "Our $1,200 PO for TSLA is now based on ~21x EV/Sales (prior ~18x) and ~106x EV/EBITDA (prior ~88x) on our 2022 estimates, implying ~4x EV/Sales and ~21x EV/EBITDA on pro-forma capital-induced 2025 estimates."

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