Tesla (TSLA) PT Raised to $360 at Wedbush (correction)

August 24, 2022 5:35 PM EDT
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Price: $179.82 --0%

Rating Summary:
    30 Buy, 19 Hold, 9 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 31 | New: 18
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Wedbush analyst Daniel Ives raised the price target on Tesla (NASDAQ: TSLA) to $360.00 (from $333.00) while maintaining a Outperform rating.

The analyst comments "Tesla's stock split will take place tonight and start trading on the 3:1 split tomorrow morning when trading begins. We are adjusting our pre-split $1,000 price target ($333 post split) to $360 reflecting the 3:1 split as well as improved production from Tesla out of its key China Giga factory during the September quarter with clear momentum heading into year-end. We note Tesla's last stock split was a 5:1 split announced in August 2020. We maintain our OUTPERFORM rating."

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