Tesla Motors (TSLA) PT Lowered to $205 at Goldman Sachs

November 2, 2017 6:22 AM EDT
Get Alerts TSLA Hot Sheet
Price: $870.11 --0%

Rating Summary:
    24 Buy, 21 Hold, 12 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 16 | New: 45
Trade Now! 
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Goldman Sachs lowered its price target on Tesla Motors (NASDAQ: TSLA) to $205.00 (from $210.00) while maintaining a Sell rating.

Analyst David Tamberrino believes the stock should continue to de-rate following the Q3 results given the push out on Model 3 production. The analyst maintains a forecast for "significant FCF burn" and suspects the company will need to raise capital sooner, in Q2 2018 instead of Q3 2018.

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

Goldman Sachs, Tesla, Model 3