Investment banking giant Goldman Sachs on Friday reaffirmed its bullish stance on Tesla stock (via Yahoo Finance). The institution maintained a “Buy” rating on Tesla shares but did reduce its price target for the stock down from $333 USD per share to $305. Goldman’s new price target would represent a 48% uplift from Tesla’s share price […]
Many analysts are bullish on Tesla, and with recent production upgrades and an uphill challenge for most of the automaker’s competitors, one firm recently doubled down on its long-term expectations for the stock. Goldman Sachs analyst Mark Delaney reiterated a Buy rating on Tesla’s stock on Wednesday, adding that the company “well-positioned” for an upcoming […]
Goldman Sachs analyst Mark Delaney raised his price target on Tesla to $1,200 from $1,125 on Monday, citing the automaker’s “robust Q4 deliveries” as a sign of future growth, according to The Street. In addition, Goldman Sachs called Tesla a “Top 2022 Pick,” emphasizing the company’s vertical integration of both software and hardware in its […]
Chinese automaker NIO saw its stock jump on Thursday after dropping off since July, following an increased outlook from one Goldman Sachs analyst, according to The Street. Goldman Sachs analyst Fei Fang increased his rating on NIO to “buy” from “neutral,” keeping to a price target of $56 per share. Fang said, “We believe Nio’s […]
While Tesla shares have yet to bounce back from all-time highs earlier this year, some investment firms are still confident the company could grow following a record-breaking second quarter. Tesla’s (TSLA) stock is down 5.3 percent on the year, despite the fact that the S&P 500 – which the company is a part of […]
Tesla was upgraded to a ‘buy’ rating from neutral today by Goldman Sachs, setting the price target for Elon Musk’s company to $780, the highest on Wall Street, reports Bloomberg. “The shift toward battery electric vehicle adoption is accelerating and will occur faster than our prior view,” said Mark Delaney, Goldman analyst, on Wednesday. Goldman […]
