Morgan Stanley analyst Adam Jonas maintained a Hold rating on Tesla (TSLA) yesterday and set a price target of $440.00. The company’s shares closed last Monday at $505.00.
Jonas has an average return of 31.3% when recommending Tesla.
According to TipRanks.com, Jonas is ranked #596 out of 6165 analysts.
Tesla has an analyst consensus of Hold, with a price target consensus of $537.59, representing a 12.6% upside. In a report issued on March 9, Wedbush also maintained a Hold rating on the stock with a $710.00 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 56 insiders, corporate insider sentiment is neutral on the stock.
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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 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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