Oppenheimer Keeps Their Buy Rating on Tesla (TSLA)


In a report released today, Colin Rusch from Oppenheimer maintained a Buy rating on Tesla (TSLA), with a price target of $486.00. The company’s shares closed last Wednesday at $422.64.

According to TipRanks.com, Rusch is a top 100 analyst with an average return of 36.2% and a 58.6% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as American Superconductor, SolarEdge Technologies, and Westport Fuel Systems.

The word on The Street in general, suggests a Hold analyst consensus rating for Tesla with a $339.42 average price target, implying a -19.7% downside from current levels. In a report issued on October 7, New Street also upgraded the stock to Buy with a $578.00 price target.

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The company has a one-year high of $502.49 and a one-year low of $50.27. Currently, Tesla has an average volume of 68.26M.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TSLA in relation to earlier this year.

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 company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture and sale of electric vehicles. The Energy Generation and Storage segment includes the design, manufacture, installation, sale, and lease of stationary energy storage products and solar energy systems, and sale of electricity generated by its solar energy systems to customers. It develops energy storage products for use in homes, commercial facilities and utility sites. The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Palo Alto, CA.

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