Tesla (TSLA) Split Makes Shares More Accessible to Retail Investors - Baird

August 12, 2020 6:10 AM EDT
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Price: $589.72 +3.15%

Rating Summary:
    21 Buy, 21 Hold, 11 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 4 | New: 24
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Baird analyst Ben Kallo reiterated a Neutral rating and $1,658.00 price target on Tesla (NASDAQ: TSLA) after the company announced a five-for-one stock split effective on August 31.

The analyst stated "The stock split should make shares more accessible for employees and retail shareholders, which we view as a recognition of the fact the market is increasingly influenced by individual investors, including those looking to gain exposure to next-generation transportation trends. We will review our price target and model ahead of the share split".

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 $1451.99 yesterday.

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Robert W Baird, Tesla, Ben Kallo