Piper Sandler Maintains Overweight on Tesla, Lowers Price Target to $225
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Alexander Potter maintains an Overweight rating on Tesla (TSLA) but lowers the price target from $295 to $225.

February 05, 2024 | 6:56 pm
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Piper Sandler maintains an Overweight rating on Tesla but lowers the price target from $295 to $225.
While the reduction in the price target from $295 to $225 by Piper Sandler could be seen as a negative sentiment, the maintenance of an Overweight rating suggests continued confidence in Tesla's fundamentals and growth prospects. This mixed signal might lead to short-term volatility in Tesla's stock price as investors digest the implications of a lower price target against the backdrop of sustained analyst confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100