Tesla Inc. (TSLA) Receives Mixed Analyst Ratings Following Q3 Earnings Release
In a report released today, Joseph Spak from UBS maintained a Sell rating on Tesla Inc. (TSLA), with a price target of $226.00. This move comes after the company reported a quarterly revenue of $25.18 billion and a net profit of $2.17 billion in its latest earnings release.
Analyst Ratings Summary
- UBS: Sell, Price Target: $226.00
- GLJ Research’s Gordon Johnson: Sell (as reported on December 27)
- TD Cowen: Hold
Industry Context and Key Takeaways
Tesla Inc.’s Q3 earnings report showed a significant increase in revenue compared to the same period last year. However, the company’s delivery numbers were below consensus estimates, which may have contributed to the negative sentiment around TSLA.
Company Overview
Tesla, Inc. is a leading manufacturer of electric vehicles, solar energy generation systems, and energy storage products. The company operates through two segments: Automotive and Energy Generation & Storage.
Expert Insights and Recommendations
Joseph Spak’s Sell rating on Tesla Inc. reflects his concerns about the company’s delivery numbers and potential challenges in the EV market. However, it’s essential to note that analyst ratings can be subject to change based on new information or updates in the market.
Market Analysis
The mixed analyst ratings on Tesla Inc. may indicate a cautious outlook for the stock in the near term. However, investors should consider the company’s strong financial performance and growing presence in the EV market when making their investment decisions.
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