In a report released today, Joseph Spak from RBC Capital maintained a Sell rating on Tesla (TSLA), with a price target of $245. The company’s shares opened today at $297.86.
According to TipRanks.com, Spak is a 4-star analyst with an average return of 7.6% and a 58.3% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Tenneco Automotive, American Axle, and Visteon Corp.
The word on The Street in general, suggests a Hold analyst consensus rating for Tesla with a $323.52 average price target, implying an 8.6% upside from current levels. In a report released today, Citigroup also maintained a Sell rating on the stock with a $273 price target.
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Based on Tesla’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $139 million. In comparison, last year the company had a GAAP net loss of $675 million.
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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 company operates through Automotive, and Energy Generation and Storage segments.
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