Tesla Motors Inc (NASDAQ:TSLA) shares fell more than 7%
during the regular trading day on Thursday, marking yet another day of big
declines for the automaker. Some analysts, like those at Wedbush, cut their
price target for Tesla, but others, like those at Deutsche Bank, still say it’s
heading to $200 a share.
Analyst Dan Galves of Deutsche Bank issued a research note
this week maintaining his $200 a share price target for Tesla Motors Inc
(NASDAQ:TSLA), according to Mamta Badkar of Business Insider. That’s a 40%
premium to the automaker’s current share price. Galves says Tesla can still be
at the leading edge of a major transportation shift and that the automaker
benefits greatly from its direct to consumer sales model. Read more.
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