Tesla (TSLA) Receives a Hold from Evercore ISI

Evercore ISI analyst Chris McNally maintained a Hold rating on Tesla (TSLAResearch Report) on January 26 and set a price target of $140.00. The company’s shares closed last Friday at $177.90.

According to TipRanks, McNally is an analyst with an average return of -9.2% and a 44.00% success rate.

In addition to Evercore ISI, Tesla also received a Hold from Cowen & Co.’s Jeff Osborne in a report issued on January 26. However, today, Berenberg Bank upgraded Tesla (NASDAQ: TSLA) to a Buy.

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TSLA market cap is currently $561.8B and has a P/E ratio of 54.97.

Based on the recent corporate insider activity of 61 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. Last month, Kirkhorn Zachary, the CFO of TSLA bought 13,500.00 shares for a total of $248,940.00.

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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