Oppenheimer Reaffirms Their Buy Rating on Tesla (TSLA)


Oppenheimer analyst Colin Rusch maintained a Buy rating on Tesla (TSLA) today and set a price target of $684.00. The company’s shares closed last Monday at $502.13.

According to TipRanks.com, Rusch is a 5-star analyst with an average return of 16.4% and a 49.9% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as American Superconductor, Capstone Turbine, and Fuelcell Energy.

Currently, the analyst consensus on Tesla is a Hold with an average price target of $531.77, which is a 4.2% upside from current levels. In a report issued on March 27, Piper Sandler also maintained a Buy rating on the stock with a $820.00 price target.

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Based on Tesla’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.38 billion and net profit of $105 million. In comparison, last year the company earned revenue of $7.23 billion and had a net profit of $140 million.

Based on the recent corporate insider activity of 55 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 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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