Goldman Sachs Maintains Neutral on Tesla, Lowers Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mark Delaney maintains a Neutral rating on Tesla (TSLA) and lowers the price target from $220 to $190.
March 18, 2024 | 10:35 am
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Goldman Sachs has maintained a Neutral rating on Tesla but lowered the price target from $220 to $190.
The reduction in price target by a significant financial institution like Goldman Sachs can lead to a negative perception among investors, potentially causing a short-term decrease in Tesla's stock price. The Neutral rating remains unchanged, indicating that the analyst does not see a strong upward or downward trend in the near term, but the lowered price target suggests a reassessment of Tesla's future growth prospects or market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100