RBC Capital analyst Joseph Spak maintained a Hold rating on Tesla (TSLA – Research Report) yesterday and set a price target of $800.00. The company’s shares closed last Wednesday at $865.80, close to its 52-week high of $900.40.
According to TipRanks.com, Spak has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -7.7% and a 55.6% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Tenneco Automotive, American Axle, and Dana Holding.
Currently, the analyst consensus on Tesla is a Hold with an average price target of $722.19, representing a -16.5% downside. In a report issued on October 15, Credit Suisse also reiterated a Hold rating on the stock with a $800.00 price target.
The company has a one-year high of $900.40 and a one-year low of $379.11. Currently, Tesla has an average volume of 18.47M.
Based on the recent corporate insider activity of 60 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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