Goldman Sachs analyst Mark Delaney maintained a Buy rating on Tesla (TSLA – Research Report) yesterday and set a price target of $1125.00. The company’s shares closed last Monday at $1153.75, close to its 52-week high of $1243.49.
According to TipRanks.com, Delaney is a 4-star analyst with an average return of 14.7% and a 65.2% success rate. Delaney covers the Technology sector, focusing on stocks such as National Instruments, Reinvent Technology, and Jabil Circuit.
Currently, the analyst consensus on Tesla is a Moderate Buy with an average price target of $1030.08, which is a -10.3% downside from current levels. In a report issued on December 28, Argus Research also maintained a Buy rating on the stock with a $1313.00 price target.
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Tesla’s market cap is currently $1061.3B and has a P/E ratio of 342.18.
Based on the recent corporate insider activity of 94 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TSLA in relation to earlier this year. Most recently, in November 2021, Kimbal Musk, a Director at TSLA sold 88,500 shares for a total of $108,770,966.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Tesla, Inc. manufactures and sells fully electric vehicles, solar energy generation systems and energy storage products. It also operates a network of vehicle service centers and Supercharger stations. The company operates through two segments: Automotive and Energy Generation & Storage. Founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003, the company is headquartered in Palo Alto, CA.
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