Is Tesla Stock Going to $310? 1 Wall Street Analyst Thinks So.
's (NASDAQ: TSLA) second-quarter earnings were a mixed bag for investors. The company sold more electric cars than many expected, but profits lagged estimates thanks to lower profit margins.
After digesting that report, widely followed Morgan Stanley analyst Adam Jonas decided to make Tesla his "top pick" with a price target of $310 per share. That would give Tesla a valuation of more than $1 trillion, and implies 35% upside from its recent share price.
Jonas doesn't think the real value with Tesla lies with its electric vehicle (EV) sales. The analyst stated, "[With] more managed expectations on [cars], and powerful emerging drivers of firm value, we make our new top pick."
Source Fool.com
Tesla Inc Stock
€190.28
-5.450%
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 28 Sell predictions.
As a result the target price of 246 € shows a positive potential of 29.28% compared to the current price of 190.28 € for Tesla Inc.
