BBaird TTesla · TSLA
Baird Lowers Tesla’s Price Target to $522
Rating
Buy
Price target
$522
Previous
$538
Implied upside
+35%
Baird analyst Ben Kallo lowered the price target on Tesla (NASDAQ: TSLA) to $522.00 (from $538.00) while maintaining a Outperform rating.
“No change in outlook. Like Q4, the Q1 call was also much more focused than quarterly calls have been historically.
Our takeaway from this is that Musk is laser focused on the laundry list of TSLA’s projects combined with the upcoming SpaceX IPO.
We view TSLA as a core holding in the long term, and think the projects it is executing on this year will bring growth back to the company.
In the very short term, we think the stock is likely linked to SpaceX IPO and potential merger rumors.”
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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
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