Market Overview

Vetr Crowd Upgrades Tesla, Sees Near 10% Upside

Related TSLA
Benzinga's Bulls & Bears Of The Week: Coca-Cola, Ford, JC Penney, Spotify And More
Morgan Stanley: Tesla Fatalities Must Be Viewed In Context
Tesla: Going The Wrong Way (Seeking Alpha)

Shares of Tesla Motors Inc (NASDAQ: TSLA) have gained around 5 percent over the past year but have lost around 20 percent over the past 6 months.

As bulls and bears debate Tesla's investment thesis, the Vetr crowd upgraded Tesla's stock rating to 3.5-stars out of a possible 5-stars. In fact, shares of Tesla rose to $223.41 since the prior rating of 3.0-stars was issued just seven days ago.

In addition to an upgrade to bull territory, Tesla remains a popular stock on Vetr as more than 10 percent of the crowd are holding Tesla in their watch-lists. In addition, 73 percent of the crowd's ratings are bullish and the crowd-sourced price target of $243.98 implies an upside just shy of 10 percent.

Eric Barnett, a member of the Vetr crowd, noted that Tesla's Model X is undergoing delivery and the vehicle could "sell more than the S in the lower price ranges." The crowd member also pointed out that Tesla's Model 3 will be introduced to the market and open to reservations at the end of March.

Latest Ratings for TSLA

Apr 2018Morgan StanleyMaintainsEqual-WeightEqual-Weight
Apr 2018Vertical GroupInitiates Coverage OnSell
Apr 2018JefferiesUpgradesUnderperformHold

View More Analyst Ratings for TSLA
View the Latest Analyst Ratings

Posted-In: Analyst Color Long Ideas Crowdsourcing Analyst Ratings Movers Tech Trading Ideas General


Related Articles (TSLA)

View Comments and Join the Discussion!