Tesla stock price target raised to $370 from $270 by Wedbush ana

Tesla stock price target raised to $370 from $270 by Wedbush analyst Dan Ives

December 26, 2019, 7:33 AM EST

 

 

Tesla Inc. (tsla) bulls, hoping for a nice Christmas gift, can be thankful as Elon Musk and his Fremont factory have delivered with strong Model 3 demand and profitability that seems to be on the rise for the fourth quarter, Wedbush analyst Dan Ives wrote in a note Thursday. The analyst raised his stock price target on the electric car maker by $100 to $370 but maintained his neutral rating on the stock. "For 4Q, both US consumer demand for Model 3 and most importantly European strength should likely drive upside this quarter and enable Tesla to comfortably hit its vehicle delivery guidance of 360K - 400K units for FY19, which represents an increase of 45% to 65% y/y," Ives wrote.