Market Overview

Goldman Sets $84 Target on Tesla, Lays Out Several Models for Future

Related TSLA
Why Apple Should Make A Car In 1 Chart
Free Tesla? Elon Musk's Twitter Account Gets Hacked
New Tech Powers Car Buying As People Want Safety Most (Investor's Business Daily)

Shares of Tesla (NASDAQ: TSLA) are on the move Tuesday morning following some comments from Goldman Sachs' Patrick Archambault in a sector downgrade on the Autos. The stock last traded at $116.25, down more than 8 percent from Monday's close.

Archambault laid out several cases for Tesla moving forward (however did not name the scenarios as below):

  • Bull case - total units of 200k for FY17, total sales $13.316 billion, EPS $11.69, implying $234 stock price discounted at 20 percent to reach a bull target of $113;
  • Base case - total units 150K, sales $10.05 billion, EPS $8.59, implying $172 price discounted at 20 percent for $83 target, and
  • Bear case - units 104,561, sales $7.089 billion, EPS $5.99, implying price $120 discounted for price target of $58.

The analyst averaged the total of these three cases, arriving at a six-month price target for Tesla shares of $84.

Archambault's price target represents potential downside of nearly 30 percent from where the stock is currently trading. Archambault previously had a price target of $61 on shares of Tesla. The analyst maintains a Neutral rating on Tesla shares.

NOTE: Archambault downgraded his recommendation on Tesla shares from Buy to Neutral on May 9th; ahead of Tuesday's move lower, shares of Tesla had been up a jaw-dropping 88 percent since the analyst reduced his investment rating.

Latest Ratings for TSLA

Apr 2015JP MorganMaintainsUnderweight
Mar 2015Argus ResearchInitiates Coverage onHold
Mar 2015CLSADowngradesOutperformUnderperform

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: Analyst Color News Price Target Analyst Ratings Movers


Related Articles (TSLA)

Around the Web, We're Loving...