RBC Capital Maintains Outperform on Tesla, Lowers Price Target to $297
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Tom Narayan has maintained an Outperform rating on Tesla (NASDAQ:TSLA) but has reduced the price target from $300 to $297.
January 25, 2024 | 4:56 pm
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NEUTRAL IMPACT
RBC Capital's analyst has maintained a positive outlook on Tesla but has lowered the price target by $3, indicating a slight adjustment in valuation expectations.
The reduction in price target is minimal, suggesting a minor adjustment rather than a significant change in the company's outlook. This is likely to have a neutral to slightly negative impact on the stock price in the short term, as the Outperform rating is maintained, indicating continued confidence in Tesla's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100