Northland Capital Markets analyst Colin Rusch reiterated an Outperform rating on Tesla Motors (NASDAQ: TSLA) and raised his price target from $230 to $253 following strong Q4 results from the company.
"We raise our PT to $253 (from $230) as we begin to give TSLA credit for executing on improving manufacturing margins, noting that near-term demand appears to be outstripping our previous estimates," Rusch said. "Our PT is based on 25x 2020E non-GAAP EPS of $20.33 (from $18.50).
The analyst cited three key points:
Goldman Sachs maintained a Neutral rating on Tesla Motors (NASDAQ: TSLA) and raised its price target to $118.00 (from $104.00). The change follow solid Q4 results.
Analyst Patrick Archambault said, "Results delivered a number of key positives, (1) a significant beat of updated 4Q13 EBITDA expectations, (2) hitting 4Q13 gross margin target of 25%, (3) issuing a 28% GM target... More
Wedbush maintained an Outperform rating on Tesla Motors (NASDAQ: TSLA) and raised its price target to $225.00 (from $205.00). Comments follow Q4 results.
"Our target is based on 30.0x 2017E EPS of $10.00, discounting back three years using a 10.0% discount rate, (versus a four year period... More
Dougherty & Co maintained a Buy rating on Tesla Motors (NASDAQ: TSLA) and raised its price target to $325.00 (from $200.00).
For an analyst ratings summary and ratings history on Tesla Motors click here.... More
Jefferies analyst Elaine Kwei reiterated a Buy rating and and raised her price target on Tesla Motors (NASDAQ: TSLA) from $190 to $220 following Q4 results.
"TSLA posted 4Q non-GAAP EPS of $0.33, beating our estimate of $0.29 and consensus of $0.23," Kwei comments. "The... More
Deutsche Bank downgraded Tesla Motors (NASDAQ: TSLA) from Buy to Hold with a price target of $220.00 (from $200.00), saying shares are pricing in an optimistic scenario years out.
Analyst Dan Galve comments: "Production will ramp to 48k annualized by 4Q14 from 29k today (vs prior target of 40k by YE), driven by a meaningful increase in battery supply (already known) but also construction of essentially a second assembly line (Model S/X total capacity... More
Baird analyst Ben Kallo reiterated an Outperform rating and raised his price target on Tesla Motors (NASDAQ: TSLA) from $215 to $245 following Q4 results that beat on the top and bottom lines.
"Importantly, TSLA issued 2014 delivery guidance of 35k Model S' which... More
Tesla Motors (Nasdaq: TSLA) is lower into the company's Q4 report, which is expected out after markets close Wednesday.
Money flow on the name is negative $40.35 million with an uptick-to-downtick ratio at 0.9 times. The data hints a little extra selling pressure late... More