In a report released today, Ryan Brinkman from J.P. Morgan maintained a Sell rating on Tesla (NASDAQ: TSLA), with a price target of $195. The company’s shares closed on Friday at $305.50.
According to TipRanks.com, Brinkman is ranked #353 out of 4856 analysts.
Currently, the analyst consensus on Tesla is a Hold with an average price target of $338.15, representing a 10.7% upside. In a report issued on August 8, Needham also maintained a Sell rating on the stock.
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Based on Tesla’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $718 million. In comparison, last year the company had a GAAP net loss of $336 million.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is neutral on the stock.
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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