Goldman Sachs Maintains Neutral on Tesla, Lowers Price Target to $220
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mark Delaney has maintained a Neutral rating on Tesla (NASDAQ:TSLA) but has reduced the price target from $255 to $220.

January 25, 2024 | 2:22 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Goldman Sachs has lowered Tesla's price target from $255 to $220 while maintaining a Neutral rating.
A lowered price target by a major analyst like Goldman Sachs can lead to a negative perception among investors, potentially causing short-term downward pressure on Tesla's stock price. The Neutral rating suggests that the analyst does not see significant upside or downside potential at the moment, but the reduction in the price target could still be seen as a bearish signal.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100