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Tesla price target upped to $900 at B. of A. Securities

·1 min read
Tesla price target upped to $900 at B. of A. Securities
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Analysts at B. of A. Securities on Tuesday tweaked their price target on Tesla Inc. stock to $900, from $800, ahead of the electric-car maker's third-quarter earnings on Wednesday. That implies an upside around 3.5% over Tuesday's share price. Tesla got a "slight premium" over B. of A.'s expectations to factor in "(Tesla's) track record of growth, consistent capital raises, and overall investor hype," the analysts said in a note. Tesla has gained 23% so far this year, compared with gains around