RBC Capital Maintains Outperform on Tesla, Lowers Price Target to $293
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Tom Narayan maintains an Outperform rating on Tesla (TSLA) but lowers the price target from $294 to $293.
April 24, 2024 | 4:41 pm
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RBC Capital maintains an Outperform rating on Tesla but lowers the price target slightly from $294 to $293.
The minor adjustment in Tesla's price target by RBC Capital from $294 to $293, while maintaining an Outperform rating, suggests a continued positive outlook on the company with a slight recalibration of valuation expectations. This adjustment is likely based on recent market conditions or Tesla's performance metrics. Given the small magnitude of the price target change, the short-term impact on Tesla's stock price is expected to be neutral. Investors may view this adjustment as a fine-tuning rather than a significant change in the company's valuation or prospects.
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