Analysts Have Turned Positive Towards Tesla
The electric car makers have been given an improved rating by analysts at Oppenheimer right before the launch of its much awaited SUV
Tesla Motors has been on the road to success since the time its Model S cars received fame from all the different parts of the world where it was released which helped the firm to not only establish the whole idea of using electric batteries to run cars instead of gas or oil but it also helped the firm to create a business which is now being looked at by the equity analysts in all the right manners.
Analysts at the Wall Street Journal have only shown a bullish attitude towards the firm which, according to the analysts in general, is a huge reason why the smart car makers are enjoying such a successful position in the market, according to Tesla motors stock news. Now that things seem to be going forward for the luxury car makers, another financial firm has emerged with a strong faith in the firm future which shows in a recent research that was made by the analysts at Oppenheimer firm.
According to Colin Rush, who is a well-known and trust financial analysts of Oppenheimer, it is believed that over the past few years, the firm has shown immense improvement but even then it was not showing enough signs for him to grade it with a bullish review. However, things seem to be changing now as Rush has followed the footsteps of the Wall Street by showing his bullish views towards the stock of the electric vehicle giant in a note. As per the research, Tesla stock has been given a price target of a massive $340 and it is believed that by the speed the firm is moving forward and breaking down all the barriers, this target could end up being achieved by the auto making company without many issues, as per Tesla motors stock analysis.
On the other hand, Tesla cars have also received a bullish ‘outperform’ rating by the same analyst and the reason that has been given in support of the argument is that the upcoming Tesla Model X is to bring a lot of interested customers towards buying the new car which could increase the ultimate aim of the firm from 500,000 cars till 2020 to even more cars in later years.
Furthermore, the Gigafactory of the company which is being made for the production of batteries is also being established currently and things seem to be going further quite smoothly, which is another factor that has been kept in mind by the analysts. All the factors because of which the price target has been increased are influenced by the rise in stock value of the company recently as well.
