Bernstein Reiterates Underperform on Tesla, Maintains $150 Price Target
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Toni Sacconaghi has reiterated an 'Underperform' rating on Tesla (NASDAQ:TSLA) and maintained a price target of $150.
July 20, 2023 | 11:18 am
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Tesla's stock may be negatively impacted in the short term due to the 'Underperform' rating reiterated by Bernstein analyst Toni Sacconaghi, who also maintained a price target of $150.
Analyst ratings and price targets can significantly influence investor sentiment and stock price. The 'Underperform' rating suggests that the analyst believes Tesla's stock will do worse than the market average. The price target of $150 is significantly lower than Tesla's current trading price, indicating a bearish outlook.
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