Piper Sandler Maintains Overweight on Tesla, Lowers Price Target to $205
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Alexander Potter maintains an Overweight rating on Tesla (TSLA) but lowers the price target from $225 to $205.

April 10, 2024 | 11:23 am
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NEUTRAL IMPACT
Piper Sandler maintains an Overweight rating on Tesla but lowers the price target from $225 to $205.
While the reduction in the price target from $225 to $205 by Piper Sandler could be seen as a negative signal, the maintenance of an Overweight rating suggests continued confidence in Tesla's fundamentals and growth prospects. The mixed signals could lead to a neutral short-term impact on Tesla's stock price as investors weigh the lowered price target against the analyst's continued support.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100