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 26, 2024 | 3:00 pm
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NEGATIVE IMPACT
Goldman Sachs analyst Mark Delaney maintains a Neutral rating on Tesla but lowers the price target to $220, indicating a potential downside from the previous target of $255.
The reduction in price target by a prominent analyst like Goldman Sachs' Mark Delaney could lead to a negative short-term sentiment among investors, potentially causing a decrease in Tesla's stock price. The Neutral rating suggests no significant change in the company's outlook, but the lowered price target implies that the stock may not perform as well as previously expected.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100