Tesla (NASDAQ:TSLA) Target Raised by JMP Securities to $1,050.00

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Tesla stock has undergone multiple analysts rating changes in the recent past.  Tesla stock Target Raised by   JMP Securities on 6/30/2020. In a note to investors, the firm issued a new target price of $1,050.00. The analysts previously had $1,001.00 target price. JMP Securities’s price target would indicate a potential upside of 4.03% from the stock’s previous close.

Shares of Tesla traded up $70.43 on Tuesday, reaching $1,079.78. 10049801 shares of the stock traded hands, compared to its average volume of 10953781. Shares of were trading at $1,079.78 on Tuesday. The firm’s 50 day moving average is $$863.03 and its 200 day moving average is $565.51.Tesla  has a 12 month low of $1,003.73 and a 12 month high of $1,087.50. While on yearly highs and lows, Tesla today has traded high as $1,087.50 and has touched $1,003.73 on the downward trend.

Tesla Earnings and What to expect: 

Tesla last issued its earnings data on April 29th, 2020. The electric vehicle producer reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $1.60. The business earned $5.99 billion during the quarter, compared to analyst estimates of $5.85 billion. Its revenue was up 31.8% compared to the same quarter last year. Tesla has generated ($4.92) earnings per share over the last year. Tesla has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, July 22nd, 2020 based off prior year’s report dates.

Earnings for Tesla are expected to grow in the coming year, from ($0.56) to $8.43 per share. The P/E ratio of Tesla is -1,177.70, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Tesla is -1,177.70, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Tesla has a P/B Ratio of 25.30. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 23.00%
  • On 6/10/2020 SVP Andrew D Baglino Sell 300 at average share price of $991.47 which equates to $297,441.00 in money value.
  • On 6/8/2020 CAO Vaibhav Taneja Sell 500 at average price of  $949.76 with total value of : Not Data Available
  • On 6/1/2020 Insider Jerome M Guillen Sell 4,548 at average price of  $858.80 with total value of : $3,905,822.40
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Tesla

  • 6/30/2020 – Tesla had its “buy” rating re-affirmed by analysts at Oppenheimer Holdings Inc.. They now have a $968.00 price target on the stock.
  • 6/30/2020 – Tesla had its “neutral” rating re-affirmed by analysts at UBS Group AG. They now have a $800.00 price target on the stock.
  • 6/26/2020 – Tesla had its price target raised by analysts at Deutsche Bank AG from $850.00 to $900.00. They now have a “hold” rating on the stock.
  • 6/19/2020 – Tesla had its price target raised by analysts at JPMorgan Chase & Co. from $240.00 to $275.00. They now have an “underweight” rating on the stock.
  • See More Analyst Rating at: RATING

Other rating updates by JMP Securities: 

  • 6/30/2020 – Square is now covered by analysts at JMP Securities. They set a “market perform” rating on the stock.
  • 6/30/2020 – Paypal is now covered by analysts at JMP Securities. They set an “outperform” rating and a $195.00 price target on the stock.
  • 6/29/2020 – ZoomInfo Technologies is now covered by analysts at JMP Securities. They set a “market perform” rating on the stock.
  • 6/26/2020 – BioCryst Pharmaceuticals had its price target raised by analysts at JMP Securities from $10.00 to $11.00. They now have an “outperform” rating on the stock.
  • See More Analyst Rating at: RATING

Tesla (NASDAQ:TSLA) Moving Average Technical Analysis

5 day Moving Average is $$992.16 And 5 day price change is $43.12 (4.30%)  with average volume for 5 day average is 8,503,296. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $969.17 and 20 day price change is $163.34 (18.53%) and average 20 day moving volume is 10,738,469. 50 day moving average is $863.03  and 50 day price change is $298.54 ( 40.00%)  and with average volume for 50 days is : 13,155,313. 200 day moving average is $565.51  and 200 day price change is $799.70 (326.14%)  and with average volume for 200 days is : 14,406,482.

See More Analyst Rating at: RATING