Market Overview

Maxim Group Reiterates Buy Rating, $50 PT on Tesla Motors

Share:
Related TSLA
Ferocious FANGs: Leveraged ETNs For The Tech Sector Debut
An ETF For Early Exposure To The Electric Car Market
Tesla: New Musk Pay Plan Sets Low Achievement Bar (Seeking Alpha)

In a report published Friday, Maxim Group reiterated its Buy rating and $50.00 price target on Tesla Motors (NASDAQ: TSLA).

Maxim Group noted, “Though not yet official, recent TSLA commentary suggests an increase in the Model S price for new reservations is on the horizon. Though this may lead to concerns over the impact on demand and implications for the current run rate of order confirmations and profitability, we believe it may reflect a broader strategy of (a) adjusting to a higher-end, less price-elastic customer base and (b) market segmentation ahead of its lower-end $30k Gen 3. While the stock may be pressured on the news, we view any dip as a buying opportunity.”

Tesla Motors closed on Wednesday at $32.47.

Latest Ratings for TSLA

DateFirmActionFromTo
Oct 2017Evercore ISI GroupDowngradesOutperformIn-Line
Oct 2017Morgan StanleyMaintainsEqual-WeightEqual-Weight
Oct 2017Standpoint ResearchDowngradesHoldSell

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: Maxim GroupAnalyst Color Reiteration Analyst Ratings

 

Related Articles (TSLA)

View Comments and Join the Discussion!