Barclays analyst lifts price target on Tesla to $300, or 63% below closing price

Dow Jones2021-10-14

MW Barclays analyst lifts price target on Tesla to $300, or 63% below closing price

Barclays reiterated an underweight call on Tesla $(TSLA)$ as it hiked the electric vehicle maker's price target to $300 from $230. "Despite our skepticism around Tesla's sky-high market cap of $800bn, we are constructive on the stock going into the 3Q EPS release due to the combination of the delivery beat driving operating leverage and strong pricing. In short, Tesla was able to continue a healthy pace of production and deliveries despite the chip pressures most other major OEMs felt," said analysts led by Brian Johnson. Tesla closed Wednesday at $811.08, up 15% this year.

-Steve Goldstein

$(END)$ Dow Jones Newswires

October 14, 2021 06:47 ET (10:47 GMT)

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精彩评论

BenjaminLim
2021-10-14
BenjaminLim
Those analyst are a joke how does this price account for the gigafactory and deliveries that they have to meet.
Josh99
2021-10-14
Josh99
Trolling

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