Wedbush Maintains Outperform on Tesla, Lowers Price Target to $275
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Daniel Ives maintains an Outperform rating on Tesla (TSLA) but lowers the price target from $300 to $275.
April 24, 2024 | 12:20 pm
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Wedbush maintains an Outperform rating on Tesla but reduces the price target from $300 to $275.
The adjustment in price target by a prominent analyst like Daniel Ives, while maintaining an Outperform rating, suggests a continued positive outlook on Tesla but with a slightly moderated growth expectation. This could lead to mixed reactions in the short term, as investors digest the implications of a lower price target against the backdrop of an overall positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100