In a report published Tuesday, Morgan Stanley analyst Adam Jonas reiterated an Overweight rating on Tesla Motors TSLA, and raised the price target from $47.00 to $103.00.
In the report, Jonas noted, “What Tesla has accomplished isn't luck, it's real. Many funds approach an investment opportunity by first asking: does the company do something better or cheaper than anybody else? Tesla is beginning to convince the market it may do both. Competency in technology is migrating to engineering, manufacturing and marketing. Detroit, Munich, Wolfsburg and Toyota City must feel a sense of astonishment… with a hint of anxiety.”
Tesla Motors closed on Monday at $87.80.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in