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Mizuho Securities Thinks Tesla’s Stock is Going to Recover

The company’s shares closed last Friday at $681.79, close to its 52-week low of $620.46.

According to TipRanks.com, Rakesh is a 5-star analyst with an average return of 17.8% and a 53.7% success rate. Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and Allegro MicroSystems.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tesla with a $899.86 average price target, implying a 32.1% upside from current levels. In a report issued on June 3, CFRA also maintained a Buy rating on the stock with a $1200.00 price target.

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The company has a one-year high of $1243.49 and a one-year low of $620.46. Currently, Tesla has an average volume of 28.87M.

Based on the recent corporate insider activity of 96 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TSLA in relation to earlier this year.

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Tesla, Inc. manufactures and sells fully electric vehicles, solar energy generation systems and energy storage products. It also operates a network of vehicle service centers and Supercharger stations. The company operates through two segments: Automotive and Energy Generation & Storage. Founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003, the company is headquartered in Palo Alto, CA.

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