Tesla: Wedbush stays neutral but raises target price
(CercleFinance.com) - An analyst at Wedbush announced on Wednesday that he is raising his target price for the Tesla share.
Although maintaining a Neutral rating, he has increased his target price from 370 dollars to 550 dollars (current share price about 567 dollars).
"We believe hitting the important 500k delivery threshold for FY20 is well within reach as now based on our Chinese demand scenario analysis that Tesla has the potential to hit the elusive and "game changing" 1 million overall delivery vehicle mark potentially two years ahead of our
original 2024 projections," the broker hails.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Although maintaining a Neutral rating, he has increased his target price from 370 dollars to 550 dollars (current share price about 567 dollars).
"We believe hitting the important 500k delivery threshold for FY20 is well within reach as now based on our Chinese demand scenario analysis that Tesla has the potential to hit the elusive and "game changing" 1 million overall delivery vehicle mark potentially two years ahead of our
original 2024 projections," the broker hails.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.