Stifel initiates coverage of Tesla with Buy recommendation, projecting slight decrease in price.

From Nasdaq: 2024-06-25 20:17:39

Fintel reports that Stifel initiated coverage of Tesla with a Buy recommendation on June 25, 2024. The average one-year price target for Tesla is 186.16, with forecasts ranging from 23.09 to $336.00, representing a 0.68% decrease from the latest closing price of 187.44.

The projected annual revenue for Tesla is 152,227MM, with a 60.67% increase, and the projected annual non-GAAP EPS is 7.07. There are 4,202 funds reporting positions in Tesla, with a bullish put/call ratio of 0.92.

VTSMX, VFINX, Geode Capital Management, and Capital World Investors are among the major shareholders of Tesla, each holding significant ownership percentages and making changes to their portfolio allocations over the last quarter. Tesla’s mission is to accelerate the world’s transition to sustainable energy with its innovative electric vehicles and energy products.

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For more information, visit the Fintel platform for insightful investment analysis and recommendations. This news originally appeared on Fintel and the views expressed are those of the author.



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