Two Tesla bears are capitulating on Tesla stock—sort of.
Barclays analyst Brian Johnson and Morgan Stanley’s Adam Jonas both rate Tesla stock (ticker: TSLA) at the equivalent of Sell. But both have some positive things to say about the company in Tuesday research reports.
Jonas raised his bull-case target price for Tesla stock rose to $2,070 from $1,200, a big 73% bump.
...Looking down the road—for his bull case—Jonas assumes Tesla will deliver 6 million vehicles in 2030 with 20% Ebitda, short for earnings before interest, taxes, depreciation, and amortization. It’s an aggressive margin...
Barclays’ Johnson is more bearish than Morgan Stanley’s Jonas. Johnson’s price target remains $300 a share despite recent positive Tesla news. Johnson does, however, recommend bears to “remain in their shelter.” He doesn’t see a “downside catalyst” for shares until the fourth quarter of 2020, but still calls Tesla stock overvalued.....
www.marketwatch.com/articles/...-says-wall-street-51594135970
Barclays analyst Brian Johnson and Morgan Stanley’s Adam Jonas both rate Tesla stock (ticker: TSLA) at the equivalent of Sell. But both have some positive things to say about the company in Tuesday research reports.
Jonas raised his bull-case target price for Tesla stock rose to $2,070 from $1,200, a big 73% bump.
...Looking down the road—for his bull case—Jonas assumes Tesla will deliver 6 million vehicles in 2030 with 20% Ebitda, short for earnings before interest, taxes, depreciation, and amortization. It’s an aggressive margin...
Barclays’ Johnson is more bearish than Morgan Stanley’s Jonas. Johnson’s price target remains $300 a share despite recent positive Tesla news. Johnson does, however, recommend bears to “remain in their shelter.” He doesn’t see a “downside catalyst” for shares until the fourth quarter of 2020, but still calls Tesla stock overvalued.....
www.marketwatch.com/articles/...-says-wall-street-51594135970