Morgan Stanley Reiterates Overweight on Tesla, Maintains $380 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas has reiterated an Overweight rating on Tesla (NASDAQ:TSLA) and maintained a price target of $380.

December 27, 2023 | 12:56 pm
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Morgan Stanley analyst Adam Jonas reaffirmed an Overweight rating on Tesla with a steady price target of $380, indicating a positive outlook on the stock.
The reiteration of an Overweight rating by a major financial institution like Morgan Stanley suggests a strong vote of confidence in Tesla's stock performance. The maintenance of a $380 price target indicates that the analyst sees potential for the stock to rise to that level, which could positively influence investor sentiment and potentially drive up the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100