Goldman Sachs Plays It Safe with Tesla, Issues 'Hold' Rating Amid AI Ambitions
Mar 3
stock rating
Loading news...
Morningstar Analyst Seth Goldstein Puts a Brake on Tesla with 'Sell' Rating
In what might be a reality check for Tesla enthusiasts, Morningstar analyst Seth Goldstein has issued a 'sell' rating on Tesla stock. Goldstein believes the market has become overly optimistic about Tesla's upcoming ventures, particularly the eagerly anticipated robo taxi service. Highlighting concerns over potential delays and scaling issues with Tesla's new products like the Optimus robots, Goldstein warns that such obstacles could shake the stock's current mid-$400 range valuation, which relies on strong growth and free cash flow projections. As Tesla prepares for its earnings report, all eyes are on whether these predictions will hold.
Oct 22
Tesla Investors Advised to Wait Out Market Storm, Says RBC Analyst
In a recent discussion on CNBC's 'Closing Bell Overtime', RBC Capital Markets analyst Tom Narayan advises Tesla investors to remain patient amidst the company's market volatility. Despite a decline in year-over-year sales and the resulting drop in share price, Narayan remains optimistic about Tesla's long-term prospects. He suggests that increased competition, economic factors, and production challenges are temporary hurdles. RBC maintains an 'Outperform' rating with a price target of $305, highlighting Tesla's strong brand and technological leadership.
Jan 3