Bernstein Reiterates Underperform on Tesla, Maintains $120 Price Target
Portfolio Pulse from Benzinga Newsdesk
Bernstein analyst Toni Sacconaghi has reiterated an 'Underperform' rating on Tesla, maintaining a price target of $120.
October 03, 2024 | 11:59 am
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Bernstein analyst Toni Sacconaghi has reiterated an 'Underperform' rating on Tesla, maintaining a price target of $120. This suggests a bearish outlook on Tesla's stock performance.
The reiteration of an 'Underperform' rating and a $120 price target by a reputable analyst suggests a negative short-term outlook for Tesla's stock. This could lead to a decrease in investor confidence and potential selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100