Over the past month, shares of Tesla Motors Inc TSLA have gained more than 22 percent – taking the year-to-date return to 4.4 percent.
Following such a run-up, top raters at the Vetr community have decided to upgrade their rating on the stock from 1.5 Stars to 2.0 Stars -- out of a possible 5.0 Star rating.
Related link: Here's How Crowdsourced Ratings Can Beat The Market
It should be noted that, despite the promotion, 67 percent of the crowd's ratings are still bearish, and that their $233.01 average price target implies a potential downside of almost 9 percent from current valuations.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
