UBS Reaffirms Their Hold Rating on Tesla (TSLA)

UBS analyst Patrick Hummel maintained a Hold rating on Tesla (TSLAResearch Report) yesterday and set a price target of $325.00. The company’s shares closed last Thursday at $432.94, close to its 52-week high of $502.49.

According to, Hummel is a 3-star analyst with an average return of 2.8% and a 55.8% success rate. Hummel covers the Consumer Goods sector, focusing on stocks such as Compagnie Générale des Établissements Michelin, Bayerische Motoren Werke Aktiengesellschaft, and Fiat Chrysler Automobiles.

The word on The Street in general, suggests a Hold analyst consensus rating for Tesla with a $346.67 average price target, representing a -21.6% downside. In a report issued on October 6, Merrill Lynch also reiterated a Hold rating on the stock with a $550.00 price target.

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Based on Tesla’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $6.04 billion and net profit of $104 million. In comparison, last year the company earned revenue of $6.35 billion and had a GAAP net loss of $408 million.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TSLA in relation to earlier this year.

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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 the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture and sale of electric vehicles. The Energy Generation and Storage segment includes the design, manufacture, installation, sale, and lease of stationary energy storage products and solar energy systems, and sale of electricity generated by its solar energy systems to customers. It develops energy storage products for use in homes, commercial facilities and utility sites. The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Palo Alto, CA.