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Stock impact report

Tesla stock jumps after analyst says it could surge more than 70% [MarketWatch]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: MarketWatch
Tesla stock jumps after analyst says it could surge more than 70% Tesla Inc. shares on Monday rose to their highest in more than a month, after Chief Executive Elon Musk tweeted about a souped-up version of the Model 3 and an analyst note forecast strong profitability for the mass-market sedan. Tesla stock TSLA, +2.77% gained nearly 5%, its largest percentage increase since April 10 to snap a two-session losing streak. The stock was the best performer on the Nasdaq 100 on Monday. Analysts at Berenberg said that Model 3’s gross margins are set to “positively surprise,” and raised their price target on Tesla’s shares to $500, which would represent a 74% upside from Monday’s levels. They kept their buy rating on the stock. Analysts on average have a $312.72 price target on Tesla shares with a sell rating, according to FactSet. Read more: Tesla’s Elon Musk announces new high-performance Model 3 for $78,000 Wall Street has dismissed the possibility of 25% gross margins on the all-ele Show less Read more
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