Mizuho Maintains Buy on Tesla, Lowers Price Target to $270
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vijay Rakesh has maintained a Buy rating on Tesla (NASDAQ:TSLA) but reduced the price target from $310 to $270. The adjustment in the price target reflects a more conservative valuation of Tesla's stock.

January 25, 2024 | 6:44 pm
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NEUTRAL IMPACT
Tesla's Buy rating is maintained by Mizuho, but the price target is lowered to $270, indicating a potential downside from the previous target but continued confidence in the stock.
The reduction in Tesla's price target by Mizuho could lead to a mixed short-term reaction in the market. On one hand, the maintained Buy rating indicates a positive view on Tesla's fundamentals and growth prospects. On the other hand, the lowered price target may signal to investors that there are potential headwinds or valuation concerns that could limit the stock's upside in the near term. The net impact on the stock price could be neutral as the positive rating is counterbalanced by the reduced target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100