RBC Capital Maintains Outperform on Tesla, Lowers Price Target to $224
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Tom Narayan maintains an Outperform rating on Tesla (NASDAQ:TSLA) but lowers the price target from $227 to $224.
August 08, 2024 | 8:22 pm
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RBC Capital analyst Tom Narayan maintains an Outperform rating on Tesla but lowers the price target from $227 to $224.
The Outperform rating suggests continued confidence in Tesla's performance, but the slight reduction in the price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100