Wedbush Keeps Their Hold Rating on Tesla (TSLA)

By Jason Carr

In a report released today, Daniel Ives from Wedbush maintained a Hold rating on Tesla (TSLAResearch Report), with a price target of $220.00. The company’s shares closed last Monday at $231.43.

According to TipRanks.com, Ives is a 3-star analyst with an average return of 2.1% and a 51.1% success rate. Ives covers the Technology sector, focusing on stocks such as Nuance Communications, Tenable Holdings Inc, and Citrix Systems Inc.

Tesla has an analyst consensus of Hold, with a price target consensus of $250.73, implying an 8.3% upside from current levels. In a report issued on October 1, Deutsche Bank also maintained a Hold rating on the stock with a $245.00 price target.

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The company has a one-year high of $379.49 and a one-year low of $176.99. Currently, Tesla has an average volume of 7.12M.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TSLA in relation to earlier this year.

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. engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The company operates through Automotive, and Energy Generation and Storage segments.