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TSLA

Tesla

$291.84

-9.19 (-3.05%)

08:05
05/15/18
05/15
08:05
05/15/18
08:05

Technical Take: Tesla falls in early trading, analyst action

The stock was last trading down over 2.8% to $283.70 in the pre-market. At that price next support is at $273.75. Resistance is at the $290 area. As previously reported, Morgan Stanley sharply cut its price target from $376 down to $291.

  • 15

    May

TSLA Tesla
$291.84

-9.19 (-3.05%)

05/03/18
GSCO
05/03/18
NO CHANGE
Target $195
GSCO
Sell
Tesla cash levels lower than anticipated, says Goldman Sachs
Goldman Sachs analyst David Tamberrino kept his Sell rating and $195 price target on Tesla after its "mixed" Q1 earnings, saying that while gross margins were better than expected, the company's cash levels were below his forecasts. The analyst also cites "sparse" details around the improvement for Tesla's Fremont manufacturing facility and points to the company's rising net debt levels.
05/03/18
BARD
05/03/18
NO CHANGE
Target $411
BARD
Outperform
Tesla weakness a buying opportunity, says Baird
Baird analyst Ben Kallo said Tesla's Q1 results beat on all metrics and recommend investors ignore all the noise about Musk not answering several questions on the conference call. He said investors should focus on the company's progress and recommended buying the shares. The analyst said demand remains strong, the company lowered its capex estimates, and the company continues to execute on its strategy. Kallo reiterated his Outperform rating and $411 price target on Tesla shares.
05/11/18
NOMU
05/11/18
NO CHANGE
Target $420
NOMU
Buy
Nomura lays out path to Tesla hitting $500 per share in two years
Nomura Instinet analyst Romit Shah believes the narrative on Tesla will shift over the next six months from insolvency risk and cash burn to market opportunity and growth. The analyst created a "Tesla Storyboard," which lays out the path to a $100B valuation, or $500 stock price, within two years. He keeps a Buy rating on Tesla with a $420 price target.
05/15/18
MSCO
05/15/18
NO CHANGE
Target $291
MSCO
Equal Weight
Tesla price target lowered to $291 from $376 at Morgan Stanley
Morgan Stanley analyst Adam Jonas made significant cuts to his near-term and long-term auto margin forecasts for Tesla following the company's Q1 report to reflect lingering manufacturing issues with the Model 3, which drove his price target on the stock down to $291 from $376. He has also delayed his forecast for the launch of Tesla's mobility-as-a-service network by roughly a year, to the middle of 2019, and increased his estimate for Tesla's capital raising to $3B from $2.5B. Jonas, who continues to expect Tesla will raise capital in the third quarter of this year, believes an added level of caution is prudent regarding Tesla and maintains an Equal Weight rating on the shares.

TODAY'S FREE FLY STORIES

23:35
09/18/18
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23:35
General news
Bank of Japan maintained the -0.1% policy rate »

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INGIY

Ingenico

$0.00

(0.00%)

20:59
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  • 21

    Oct

MSFT

Microsoft

$113.24

1.05 (0.94%)

20:52
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09/18
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20:52
Hot Stocks
Microsoft announces new AI and mixed reality business applications for Dynamics »

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    Mar

BWA

BorgWarner

$42.99

-1.17 (-2.65%)

19:34
09/18/18
09/18
19:34
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19:34
Hot Stocks
BorgWarner sees operating margins in low-13% by FY23 vs 12.4% in FY17 »

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  • 18

    Sep

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    Oct

JLL

Jones Lang LaSalle

$144.15

0.795 (0.55%)

19:31
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19:31
Hot Stocks
Jones Lang LaSalle CFO Christie Kelly resigns »

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  • 25

    Sep

  • 26

    Sep

RACE

Ferrari

$138.31

5.465 (4.11%)

19:24
09/18/18
09/18
19:24
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19:24
Earnings
Ferrari sees FY18 revenue over EUR3.4B »

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  • 18

    Sep

SMRT

Stein Mart

$1.97

-0.09 (-4.37%)

, INAP

Internap

$12.39

-0.33 (-2.59%)

19:02
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Hot Stocks
Fly Intel: After Hours Movers »

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SMRT

Stein Mart

$1.97

-0.09 (-4.37%)

INAP

Internap

$12.39

-0.33 (-2.59%)

TRVG

Trivago

$5.13

0.26 (5.34%)

PRQR

ProQR Therapeutics

$20.25

-1.4 (-6.47%)

MSFT

Microsoft

$113.24

1.05 (0.94%)

EVOP

EVO Payments

$26.27

-0.42 (-1.57%)

TSM

TSMC

$43.57

-0.2 (-0.46%)

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  • 21

    Oct

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    Nov

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    Nov

  • 03

    Mar

  • 21

    Sep

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

18:58
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09/18
18:58
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18:58
Periodicals
China to place new tariffs on $60B in U.S. exports, WSJ says »

China's government…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$290.96

1.55 (0.54%)

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SQ

Square

$87.97

1.1 (1.27%)

18:55
09/18/18
09/18
18:55
09/18/18
18:55
Periodicals
Square seeks to bring 'omnichannel' experience to restaurants, CNBC says »

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  • 18

    Sep

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    Sep

MSFT

Microsoft

$113.24

1.05 (0.94%)

18:48
09/18/18
09/18
18:48
09/18/18
18:48
Hot Stocks
Microsoft confirms raised quarterly dividend payment to 46c from 42c per share »

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  • 21

    Oct

  • 28

    Oct

  • 03

    Mar

KL

Kirkland Lake Gold

$17.57

-0.64 (-3.51%)

18:39
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09/18
18:39
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Kirkland Lake Gold acquires shares of Osisko Mining »

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  • 23

    Sep

MSFT

Microsoft

$113.24

1.05 (0.94%)

18:39
09/18/18
09/18
18:39
09/18/18
18:39
Hot Stocks
Breaking Hot Stocks news story on Microsoft »

Microsoft raises…

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  • 21

    Oct

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  • 03

    Mar

OMAB

OMA Airports

$56.18

2.13 (3.94%)

18:23
09/18/18
09/18
18:23
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18:23
Downgrade
OMA Airports rating change at Santander »

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CE

Celanese

$113.41

-0.03 (-0.03%)

18:01
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Celanese raises prices for acetate tow in Eastern Europ and Asia by $1/kg »

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WYNN

Wynn Resorts

$132.97

0.56 (0.42%)

17:58
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Periodicals
Wynn sued over allegations of rigging Boston casino bid, Bloomberg says »

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GLD

SPDR Gold Trust

$113.43

-0.18 (-0.16%)

17:48
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Hot Stocks
SPDR Gold Trust holdings fall to 742.23MT from 742.53MT »

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JAZZ

Jazz Pharmaceuticals

$161.89

0.92 (0.57%)

17:35
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Recommendations
Jazz Pharmaceuticals analyst commentary at BMO Capital »

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  • 18

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RIG

Transocean

$11.93

0.335 (2.89%)

17:29
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17:29
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17:29
Initiation
Transocean initiated at Morgan Stanley »

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NE

Noble Corp.

$6.15

0.19 (3.19%)

17:26
09/18/18
09/18
17:26
09/18/18
17:26
Initiation
Noble Corp. initiated at Morgan Stanley »

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  • 24

    Sep

CCOEY

Capcom

17:24
09/18/18
09/18
17:24
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17:24
Periodicals
Capcom shutting down Vancouver studio, Kotaku says »

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BBY

Best Buy

$77.70

0.67 (0.87%)

17:24
09/18/18
09/18
17:24
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17:24
Syndicate
Breaking Syndicate news story on Best Buy »

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DO

Diamond Offshore

$17.86

0.55 (3.18%)

17:22
09/18/18
09/18
17:22
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17:22
Initiation
Diamond Offshore initiated at Morgan Stanley »

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TSM

TSMC

$43.57

-0.2 (-0.46%)

17:20
09/18/18
09/18
17:20
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17:20
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TSMC rating change at Morgan Stanley »

TSMC upgraded to…

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WHD

Cactus

$35.93

1.24 (3.57%)

17:17
09/18/18
09/18
17:17
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17:17
Initiation
Cactus initiated at Morgan Stanley »

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ZTCOY

ZTE Corp.

$0.00

(0.00%)

17:15
09/18/18
09/18
17:15
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17:15
Periodicals
Senators seek punishment if ZTE strays from deal, Reuters says »

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