RBC Capital analyst Tom Narayan lowered the firm’s price target on Tesla to $297 from $300 after its Q4 results but keeps an Outperform rating on the shares. The company is issuing vague guidance that delivery growth will be “notably lower” than the +38% growth that Tesla reported in 2023, the analyst tells investors in a research note. RBC maintains that consensus delivery estimates for Tesla are conservative at only 12% growth over the Q4 run rate.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on TSLA: