RBC Capital analyst Tom Narayan maintained a Buy rating on Tesla today and set a price target of $500.00. The company’s shares closed today at $435.54.
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According to TipRanks, Narayan is a 4-star analyst with an average return of 7.2% and a 50.16% success rate. Narayan covers the Consumer Cyclical sector, focusing on stocks such as Volkswagen, Tesla, and Mercedes-Benz Group.
In addition to RBC Capital, Tesla also received a Buy from TD Cowen’s Itay Michaeli in a report issued today. However, on October 7, Goldman Sachs reiterated a Hold rating on Tesla (NASDAQ: TSLA).
TSLA market cap is currently $1440.1B and has a P/E ratio of 254.05.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is neutral on the stock. Last month, Elon Musk, the CEO of TSLA bought 2,568,732.00 shares for a total of $999,946,536.90.
Read More on TSLA:
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