Mizuho Securities Sticks to Their Buy Rating for Tesla (TSLA)

Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating on Tesla (TSLAResearch Report) yesterday and set a price target of $825.00. The company’s shares closed last Monday at $657.62.

According to TipRanks.com, Rakesh is a 5-star analyst with an average return of 25.4% and a 67.2% success rate. Rakesh covers the Technology sector, focusing on stocks such as Allegro MicroSystems, Skyworks Solutions, and NXP Semiconductors.

Currently, the analyst consensus on Tesla is a Moderate Buy with an average price target of $740.61, a 13.8% upside from current levels. In a report issued on July 13, Goldman Sachs also maintained a Buy rating on the stock with a $860.00 price target.

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Tesla’s market cap is currently $619.8B and has a P/E ratio of 643.40. The company has a Price to Book ratio of 27.53.

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Tesla, Inc. manufactures and sells fully electric vehicles, solar energy generation systems and energy storage products. It also operates a network of vehicle service centers and Supercharger stations. The company operates through two segments: Automotive and Energy Generation & Storage. Founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003, the company is headquartered in Palo Alto, CA.