Tesla (TSLA) Gets a Sell Rating from J.P. Morgan
J.P. Morgan analyst Ryan Brinkman maintained a Sell rating on Tesla (TSLA) today and set a price target of $155.00. The company’s shares closed last Thursday at $741.62.
According to TipRanks.com, Brinkman is ranked #5097 out of 7461 analysts.
Currently, the analyst consensus on Tesla is a Hold with an average price target of $704.00.
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Based on Tesla’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $10.74 billion and net profit of $239 million. In comparison, last year the company earned revenue of $7.38 billion and had a net profit of $97 million.
Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is neutral on the stock.
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Tesla, Inc. manufactures and sells fully electric vehicles, solar energy generation systems and energy storage products. It also operates a network of vehicle service centers and Supercharger stations. The company operates through two segments: Automotive and Energy Generation & Storage. Founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003, the company is headquartered in Palo Alto, CA.
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