Citigroup Maintains Neutral on Tesla, Raises Price Target to $182
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli maintains a Neutral rating on Tesla (TSLA) and raises the price target from $180 to $182.
April 24, 2024 | 5:54 pm
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Citigroup has maintained a Neutral rating on Tesla but increased the price target from $180 to $182.
The adjustment in price target by Citigroup, albeit slight, indicates a marginally more positive outlook on Tesla's stock value in the short term. Given the influence of analyst ratings and price targets on investor sentiment, this could lead to a slight uptick in Tesla's stock price. However, the maintenance of a Neutral rating suggests that Citigroup sees Tesla as fairly valued at its current price, tempering expectations for significant stock movement.
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IMPORTANCE 75
RELEVANCE 100