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Tesla (TSLA) Receives a Rating Update from a Top Analyst

Wedbush analyst Daniel Ives maintained a Buy rating on Tesla (TSLAResearch Report) yesterday and set a price target of $1000.00. The company’s shares closed last Thursday at $756.99.

According to TipRanks.com, Ives is a top 100 analyst with an average return of 36.5% and a 76.1% success rate. Ives covers the Technology sector, focusing on stocks such as Palo Alto Networks, Progress Software, and Uber Technologies.

Tesla has an analyst consensus of Hold, with a price target consensus of $697.90.

See today’s analyst top recommended stocks >>

The company has a one-year high of $900.40 and a one-year low of $351.30. Currently, Tesla has an average volume of 19.57M.

Based on the recent corporate insider activity of 62 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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