Freedom Capital analyst Dmitriy Pozdnyakov upgraded Tesla (TSLA) to Hold from Sell with a price target of $406, up from $338. The firm believes Tesla’s Q3 report shows it is “nearing the realization of its new segment potential.” The company’s updated model lineup stabilized electric vehicle delivery volumes, and it is likely Tesla could return to growth in deliveries, the analyst tells investors in a research note. Freedom cites early signs of delivery stabilization for the upgrade.
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>>
Read More on TSLA: