Market Overview

Deutsche Bank Reiterates on Tesla Motors on Favorable Entry Point

Share:
Related TSLA
Investors Bailing On Hedge Funds
Lithium ETF: More Than A Tesla Story
Emerging Markets, Tech And Momentum Plays Among Top Gainers (Investor's Business Daily)

In a report published Wednesday, Deutsche Bank analyst Dan Galves reiterated a Buy rating and $200.00 price target on Tesla Motors (NASDAQ: TSLA).

In the report, Deutsche Bank noted, “We are reiterating our Buy recommendation on Tesla as we see a series of positive catalysts over the next several months that could lead to renewed confidence in the company's earnings trajectory. These include: 1) A favorable resolution of the NHTSA investigation; 2) Initial news on (what we believe will be very strong) China order flows; 3) Increased visibility on an accelerating order/production ramp, and; 4) Further gross margin improvement and operating expense leverage (which may be significantly better than consensus).”

Tesla Motors closed on Tuesday at $120.50.

Latest Ratings for TSLA

DateFirmActionFromTo
Jul 2017CitigroupInitiates Coverage OnNeutral
May 2017Independent ResearchInitiates Coverage OnHold
May 2017Morgan StanleyDowngradesOverweightEqual-Weight

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: Dan Galves Deutsche BankAnalyst Color Analyst Ratings

 

Related Articles (TSLA)

View Comments and Join the Discussion!