In a report released today, Rajvindra Gill from Needham maintained a Hold rating on Tesla (NASDAQ: TSLA). The company’s shares closed yesterday at $296.74.
Gill observed:
“We hosted a fireside chat and panel discussion with TSLA’s VP of IR Aaron Chew.”
According to TipRanks.com, Gill is a top 100 analyst with an average return of 22.6% and a 69.3% success rate. Gill covers the Consumer Goods sector, focusing on stocks such as Everspin Technologies Inc, Smart Global Holdings Inc, and Adesto Technologies Corp.
Currently, the analyst consensus on Tesla is Hold and the average price target is $296, representing a -0.2% downside.
In a report issued on May 21, Bernstein also maintained a Hold rating on the stock with a $265 price target.
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Based on Tesla’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $710 million. In comparison, last year the company had a GAAP net loss of $330 million.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TSLA in relation to earlier this year. Last month, Antonio Gracias, a Director at TSLA bought 16,666 shares for a total of $473,814.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Tesla, Inc. engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The firm operates through Automotive, and Energy Generation and Storage segments.
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