William Blair analyst Jed Dorsheimer has maintained their bullish stance on TSLA stock, giving a Buy rating today.
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Jed Dorsheimer has given his Buy rating due to a combination of factors, despite Tesla’s recent delivery numbers falling short of expectations. The company’s ability to deploy a significant amount of energy storage, which aligned with projections, demonstrates its ongoing strength in the energy sector.
Additionally, while the Model Y refresh impacted production, the potential for future growth remains promising. Dorsheimer acknowledges the challenges Tesla faces, such as supply constraints and demand fluctuations, but sees these as temporary hurdles rather than long-term impediments to the company’s success.
In another report released today, RBC Capital also maintained a Buy rating on the stock with a $320.00 price target.