Goldman Sachs Raises Price Target for Tesla Despite Cautious Stance

Wednesday, 10 July 2024, 14:55

Goldman Sachs has increased their price target on Tesla (TSLA) stock, acknowledging the automaker's impressive second-quarter EV deliveries. Despite the upward revision to $248 from $175, the investment bank remains cautious, signaling a potential 5% downside. This post delves into Goldman's stance on Tesla amid the recent stock rally.
Yahoo Finance
Goldman Sachs Raises Price Target for Tesla Despite Cautious Stance

Goldman Sachs' Revised Price Target

Goldman Sachs recently adjusted Tesla's price target to $248 from $175, reflecting a 5% downside from current levels.

Impressive Second Quarter Deliveries

Tesla's stock surge follows strong second-quarter EV deliveries, driving investor optimism.

Goldman's Cautious Stance

Despite the price target increase, Goldman remains cautious, keeping an eye on the stock's performance.

Expert Opinion

This post offers insights into Tesla's recent rally and Goldman Sachs' outlook, providing a balanced view.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe