Oppenheimer Raises Tesla (NASDAQ:TSLA) Price Target to $1,291.00

Tesla (NASDAQ:TSLAGet Rating) had its price objective lifted by analysts at Oppenheimer from $1,103.00 to $1,291.00 in a research note issued on Thursday, The Fly reports. Oppenheimer’s price target suggests a potential upside of 32.11% from the stock’s current price.

Several other research firms have also recently weighed in on TSLA. Argus reiterated a “buy” rating and issued a $1,313.00 price target (up previously from $1,010.00) on shares of Tesla in a report on Tuesday, December 28th. UBS Group upped their price target on Tesla from $1,000.00 to $1,100.00 and gave the stock a “neutral” rating in a research note on Monday, April 4th. Wells Fargo & Company upped their price objective on Tesla from $910.00 to $960.00 and gave the stock an “equal weight” rating in a report on Thursday. Barclays set a $325.00 price target on Tesla in a report on Thursday, January 27th. Finally, Piper Sandler decreased their price target on Tesla from $1,350.00 to $1,260.00 and set an “overweight” rating on the stock in a report on Monday. Eight analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $958.94.

NASDAQ:TSLA opened at $977.20 on Thursday. The firm’s fifty day moving average is $931.79 and its 200-day moving average is $978.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.08 and a current ratio of 1.38. Tesla has a 52 week low of $546.98 and a 52 week high of $1,243.49. The firm has a market cap of $981.37 billion, a P/E ratio of 199.43, a P/E/G ratio of 4.22 and a beta of 2.08.

Tesla (NASDAQ:TSLAGet Rating) last posted its quarterly earnings results on Wednesday, April 20th. The electric vehicle producer reported $3.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.26 by $0.96. Tesla had a net margin of 10.25% and a return on equity of 20.36%. The company had revenue of $18.76 billion during the quarter, compared to analyst estimates of $17.84 billion. During the same quarter in the prior year, the business earned $0.39 earnings per share. The firm’s revenue for the quarter was up 80.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Tesla will post 7.81 earnings per share for the current year.

In other Tesla news, SVP Andrew D. Baglino sold 897 shares of the business’s stock in a transaction on Monday, March 7th. The stock was sold at an average price of $845.39, for a total transaction of $758,314.83. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Andrew D. Baglino sold 3,500 shares of the business’s stock in a transaction on Thursday, January 27th. The stock was sold at an average price of $933.56, for a total value of $3,267,460.00. The disclosure for this sale can be found here. Insiders have sold 67,871 shares of company stock worth $61,335,952 in the last three months. 25.00% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of TSLA. OLD Mission Capital LLC purchased a new stake in Tesla in the third quarter valued at $258,000. Ironwood Wealth Management LLC. raised its position in Tesla by 66.0% in the second quarter. Ironwood Wealth Management LLC. now owns 176 shares of the electric vehicle producer’s stock valued at $120,000 after purchasing an additional 70 shares during the period. U.S. Capital Wealth Advisors LLC purchased a new stake in Tesla in the third quarter valued at $1,834,000. Mount Yale Investment Advisors LLC raised its position in Tesla by 72.9% in the third quarter. Mount Yale Investment Advisors LLC now owns 2,900 shares of the electric vehicle producer’s stock valued at $2,249,000 after purchasing an additional 1,223 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in Tesla by 10.5% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,272 shares of the electric vehicle producer’s stock valued at $986,000 after purchasing an additional 121 shares during the period. Institutional investors own 40.64% of the company’s stock.

About Tesla (Get Rating)

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits.

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