TSLA Has Its Price Target Reduced To $700 By UBS


The stocks of TSLA have their price target reduced by analysts working at UBS Group to a sum of $700 in a Friday research report. Currently, the brokerage has a rating of neutral on the company, with the price target suggesting an increase of 20.51% on the annual price of the vehicle company. 

The Stock Commentary of TSLA

There have been quite a few companies that have commented on the stocks of TSLA. Mizuho Securities has already increased the price target of the company to $820 with a rating of buy in a 26th April research report. JMP Securities has also reduced the price rating of the company from outperform to market perform in a 28th January research report. FIX has increased the price rating of the company to buy in a 9th March research report. Credit Suisse Group has reiterated a rating of neutral with a price target of $800 in a 3rd May research report. 

Eleven of the investment analysts have already given the company a rating of sell, while eleven others have provided the company with a rating of hold. Close to twelve others have issued the stocks with a rating of buy. Currently, TSLA has a hold rating with a $434.03 price target. 

The stocks of TSLA traded on Friday at $580.08. The year low of the company is $157 with a year high set at $900.40. The market cap of the firm is $559.58 billion, with a 1,166.43 PE ratio. The moving average price of the company over a period of 50 days is $675.81, while the moving average price of the company over a period of 200 days has been set at $677.70. The debt-to-equity ratio of the company is 0.63.