Wall Street Struggles With How It Should Value Tesla Stock


Wall Street analysts are having a rough time figuring out Tesla stock as the price target on shares got both a hike and a lowering on Friday.

Baird analyst Ben Kallo raised his price target on Tesla (TSLA) to 355 from 340, while Jefferies analyst Philippe Houchois cut his price target to 300 from 400.

The two reports come a day after Goldman Sachs issued a bearish report on Tesla that reiterated a sell rating and cut its price target.

Who is right or wrong could be revealed when Tesla reports vehicle delivery numbers for its second quarter. That report is expected in early July.

Read more: https://www.investors.com/news/technology/tesla-stock-analysts-struggle-how-to-value/


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