November 15, 2024

Tesla (TSLA) Receives a Buy from RBC Capital

Posted By: ndeeney

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In a report released yesterday, Tom Narayan from RBC Capital maintained a Buy rating on Tesla (TSLA – Research Report), with a price target of $313.00. The company’s shares closed yesterday at $311.18.

Narayan covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Stellantis, and Bayerische Motoren Werke Aktiengesellschaft. According to TipRanks, Narayan has an average return of 3.2% and a 42.97% success rate on recommended stocks.

Tesla has an analyst consensus of Hold, with a price target consensus of $231.39, which is a -25.64% downside from current levels. In a report released on November 12, Deutsche Bank also maintained a Buy rating on the stock with a $295.00 price target.

The company has a one-year high of $358.64 and a one-year low of $138.80. Currently, Tesla has an average volume of 87.49M.

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Tesla (TSLA) Company Description:

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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