Tesla (TSLA) Reports a Truly Soft Datapoint, Credit Suisse Expects The Narrative to be Tested

January 28, 2021 6:25 AM EST
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Price: $589.72 +3.15%

Rating Summary:
    21 Buy, 21 Hold, 11 Sell

Rating Trend: Up Up

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    Up: 30 | Down: 4 | New: 24
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Credit Suisse analyst Dan Levy reiterated a Neutral rating and $800.00 price target on Tesla (NASDAQ: TSLA) after the company reported a miss on 4Q’20 with 80c EPS vs. the consensus $1.13.

The analyst believes this marks the first truly soft datapoint for the company in some time, and sets up the stock for a test of the robust long-term narrative. He stated "Our take – while the stock may see some near-term pressure, we believe a continued robust narrative will continue to support the stock’s lofty valuation. Indeed, as we’ve noted in the past, Tesla checks many boxes for investors (growth, disruption, ESG)…all supporting a rich narrative. And with Tesla to expand capacity in 2021, we don’t think that narrative changes."

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 $815.05 yesterday.

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