Wedbush Maintains Outperform on Tesla, Lowers Price Target to $315
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Daniel Ives has maintained an Outperform rating on Tesla (NASDAQ:TSLA) but has reduced the price target from $350 to $315.
January 25, 2024 | 6:58 pm
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Wedbush analyst Daniel Ives maintains an Outperform rating on Tesla but lowers the price target to $315, indicating a potential upside but with caution.
The maintenance of an Outperform rating suggests that Wedbush still sees Tesla as a strong investment with potential for growth. However, the reduction in the price target from $350 to $315 may reflect a more cautious outlook on the company's short-term price potential, possibly due to market conditions or company-specific factors not detailed in the article. This could lead to a neutral short-term impact on the stock as investors digest the mixed signals of confidence and caution.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100