Wells Fargo Maintains Underweight on Tesla, Maintains $125 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Colin Langan has maintained an Underweight rating on Tesla (NASDAQ:TSLA) and kept the price target at $125.

April 01, 2024 | 3:43 pm
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Wells Fargo maintains an Underweight rating on Tesla with a $125 price target.
The reaffirmation of an Underweight rating by a major financial institution like Wells Fargo, coupled with a maintained price target of $125, suggests a bearish outlook on Tesla's short-term stock performance. This analysis is based on the assumption that the market will react negatively to the continuation of a less favorable rating, potentially influencing investor sentiment and stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100