Vetr Crowd Upgrades Tesla, Sees Near 10% Upside
Shares of Tesla Motors Inc (NASDAQ: TSLA) have gained around 5 percent over the past year but have lost around 20 percent over the past 6 months.
As bulls and bears debate Tesla's investment thesis, the Vetr crowd upgraded Tesla's stock rating to 3.5-stars out of a possible 5-stars. In fact, shares of Tesla rose to $223.41 since the prior rating of 3.0-stars was issued just seven days ago.
In addition to an upgrade to bull territory, Tesla remains a popular stock on Vetr as more than 10 percent of the crowd are holding Tesla in their watch-lists. In addition, 73 percent of the crowd's ratings are bullish and the crowd-sourced price target of $243.98 implies an upside just shy of 10 percent.
Eric Barnett, a member of the Vetr crowd, noted that Tesla's Model X is undergoing delivery and the vehicle could "sell more than the S in the lower price ranges." The crowd member also pointed out that Tesla's Model 3 will be introduced to the market and open to reservations at the end of March.
Latest Ratings for TSLA
|Jan 2017||Morgan Stanley||Upgrades||Equal-Weight||Overweight|
|Jan 2017||Guggenheim||Initiates Coverage On||Buy|
|Oct 2016||Goldman Sachs||Maintains||Neutral|
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