http://www.americanbankingnews.com/getthestreet upgraded shares of Tesla Motors (NASDAQ: TSLA) from a sell rating to a hold rating in a research note released on Friday morning.
“Tesla Motors (TSLA) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its robust revenue growth and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins.”
,” the firm’s analyst wrote.
A number of other analysts have also recently weighed in on TSLA. Analysts at Deutsche Bank raised their price target on shares of Tesla Motors from $28.00 to $35.00 in a research note to investors on Thursday, February 21st. They now have a hold rating on the stock. Separately, analysts at Robert W. Baird reiterated an outperform rating on shares of Tesla Motors in a research note to investors on Thursday, February 21st. They now have a $45.00 price target on the stock. Finally, analysts at Jefferies Group reiterated a buy rating on shares of Tesla Motors in a research note to investors on Thursday, February 21st.
Seven research analysts have rated the stock with a buy rating, one has assigned an overweight rating, four have assigned a hold rating, and one has issued an underweight rating to the company. The company has an average rating of overweight and a consensus target price of $41.73.
Shares of Tesla Motors traded down 0.58% during mid-day trading on Friday, hitting $34.18. Tesla Motors has a 52 week low of $25.52 and a 52 week high of $40.00. The stock’s 50-day moving average is currently $36.47. The company’s market cap is $3.888 billion.
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