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

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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
May 2017Independent ResearchInitiates Coverage OnHold
May 2017Morgan StanleyDowngradesOverweightEqual-Weight
May 2017Evercore ISI GroupReinstatesOutperformOutperform

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: Maxim GroupAnalyst Color Reiteration Analyst Ratings

 

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