Tesla Bulls Should Brace Themselves. Shares Could Take a Big Hit.
Shares of electric-car maker (NASDAQ: TSLA) have had a good run this year. But has the stock's valuation gotten ahead of itself? One analyst thinks so.
Financial services company HSBC initiated coverage of the growth stock today with a "reduce" rating, or a rating similar to a sell rating. In a sobering note for Tesla bulls, the analyst's 12-month price target for the stock sits at $146. This would translate to significant downside for the stock from here.
Here's why HSBC's Michael Tyndall is so pessimistic about Tesla shares.
Source Fool.com
Tesla Inc Aktie
202,35 €
-0,52 %
Leichtes Buy-Interesse bei Tesla Inc, mit mehr Buy- als Sell-Einschätzungen.
Für Tesla Inc sieht die Community ein Kursziel von 245 €, was eine erhebliche Steigerung um über 20% gegenüber dem aktuellen Kurs von 202.35 € bedeutet.
