UPDATE: Tesla (TSLA) PT Raised to $137 at Citi

October 27, 2020 6:05 AM EDT
Get Alerts TSLA Hot Sheet
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
Trade Now! 
Join SI Premium – FREE
(Updated - October 27, 2020 7:05 AM EDT)

(updating comment)

Citi analyst Itay Michaeli raised the price target on Tesla (NASDAQ: TSLA) to $137.00 (from $117.00) while maintaining a Sell rating.

The analyst comments "Updating our Tesla model post 10Q filing. On the back of stronger Q3 results, we’re raising 2020-22 EPS estimates. Our price target goes to $137 from $117 on higher LT margin assumptions reflecting greater confidence in gross margin execution. That said, we believe the stock still reflects a significantly more robust growth/margin outcome than what we view as most likely, leaving us at Sell (3H). We expect the NT focus to shift to Q4/’21 demand metrics and FSD progression. Please click the link below for more details, including our initial observations from FSD Beta Rollout."


You May Also Be Interested In





Related Categories

Analyst Comments, Analyst PT Change, Hot Comments

Related Entities

Citi, Tesla