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

November 10, 2021 6:42 AM EST
Get Alerts TSLA Hot Sheet
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
Trade Now! 
Join SI Premium – FREE

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

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."



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst PT Change, Hot Comments

Related Entities

Tesla