Tesla, Riding A Nice Run, Downgraded By Vetr

Tesla Inc. TSLA shares have seen nearly a 20 percent jump over the past month, and, although the company displayed a somewhat underwhelming first quarter earnings report in May, it continues to be a very popular and interesting stock. With that, the Vetr community has upgraded the company from 1.5 to 2 stars.

See how crowdsourced ratings can help predict the market?

Vetr members have given sell a hold rating and a $335.62 price target. This price target fairs much higher than the $267.78 price target from Wall Street analysts. The company opened Wednesday around $380.

Of all Vetr raters, 83 percent believe traders and investors should sell Tesla stock.

For Vetr’s full analysis of Tesla, go here.