Tesla Stock Has 87% Downside, According to 1 Wall Street Analyst
For the most part, analysts tend to be rather cautious and reserved when setting their price targets for stocks. That isn't the case with Gordon Johnson at GLJ research, who's very bearish on (NASDAQ: TSLA). Johnson expects shares of the electric vehicle (EV) industry leader to lose close to 90% of their value.
Near the end of March, Johnson reiterated his sell recommendation on Tesla with a $23.53 per share price target, far below the company's Monday closing price of about $175 per share.
With that kind of anticipated decline, Johnson has tagged Tesla as his firm's best short recommendation.
Source Fool.com
Tesla Inc Stock
€231.00
5.170%
Currently there is a rather positive sentiment for Tesla Inc with 70 Buy predictions and 27 Sell predictions.
As a result the target price of 247 € shows a slightly positive potential of 6.93% compared to the current price of 231.0 € for Tesla Inc.
