Morgan Stanley Reiterates Overweight on Tesla, Maintains $400 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas has reiterated an Overweight rating on Tesla, maintaining a price target of $400.
September 28, 2023 | 1:45 pm
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Morgan Stanley has reiterated an Overweight rating on Tesla, maintaining a price target of $400.
The reiteration of an Overweight rating by Morgan Stanley indicates a positive outlook for Tesla. The maintained price target of $400 suggests that the analyst believes the stock is undervalued at current levels, which could lead to upward pressure on the stock price in the short term.
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