Wedbush Thinks Tesla’s Stock is Going to Recover
Wedbush analyst Daniel Ives maintained a Buy rating on Tesla (TSLA
– Research Report) today and set a price target of $1000.00. The
company's shares closed last Wednesday at $699.00, close to its
52-week low of $593.50. According to TipRanks.com, Ives is a 5-star
analyst with an average return of 12.6% and a 50.3% success rate.
Ives covers the Technology sector, focusing on stocks such as
SailPoint Technologies Holdings, Palo Alto Networks, and CyberArk
Software. The word on The Street in general, suggests a Moderate
Buy analyst consensus rating for Tesla with a $917.10 average price
target, implying a 38.4% upside from current levels.
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