On May 2, 2023, Piper Sandler maintained coverage of Tesla (TSLA) with an Overweight recommendation. The average one-year price target for Tesla is 190.29, with a range from $24.58 to $315.00, representing a 17.59% increase from the latest closing price of 161.83. The projected annual revenue for Tesla is 118,517MM, with a 37.75% increase and a projected annual non-GAAP EPS of 5.70.

There are 3936 funds or institutions reporting positions in Tesla, an increase of 52 owners or 1.34% in the last quarter. The average portfolio weight of all funds dedicated to TSLA is 0.94%, a decrease of 33.97%. The total shares owned by institutions decreased by 3.77% to 1,527,143K shares, with a put/call ratio of 0.75, indicating a bullish outlook.

Various shareholders, including Vanguard Total Stock Market Index Fund and Geode Capital Management, hold shares in Tesla. Vanguard Total Stock Market Index Fund increased its ownership by 2.63%, while Geode Capital Management increased its ownership by 3.29%. Capital World Investors decreased its ownership by 86.16%, and Invesco Qqq Trust, Series 1 increased its ownership by 15.28% over the last quarter.

Tesla’s mission is to accelerate the world’s transition to sustainable energy. The company offers high-performance electric vehicles, such as the Model S, Model X, and Model 3, along with energy products like solar and storage solutions. Tesla is leading the shift towards sustainable energy and innovation in the automotive industry.

Read more at Nasdaq: Piper Sandler Maintains Tesla (TSLA) Overweight Recommendation