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TSLA

Tesla

$286.46

2.31 (0.81%)

07:59
05/17/18
05/17
07:59
05/17/18
07:59

Goldman says Tesla may need $10B in external capital and re-financing by 2020

Goldman Sachs David Tamberrino estimates Tesla may require over $10B in external capital raises and debt re-financing by 2020 to fund current operations, anticipated new product spending, and incremental capacity additions, including his expectations for a new vehicle plant and battery gigafactory in China. He thinks capital needs may be funded through multiple avenues, including new bond issuance, convertible notes, and equity, though he notes that issuing incremental debt may weigh on the credit profile of the company while issuing additional equity or convertibles at lower premiums would dilute current shareholders. Goldman keeps a Sell rating and $195 price target on Tesla shares, while Tamberrino sees a "compelling opportunity" to buy Tesla 0.25% 2019 convertible bonds and sell a March 2019 call option to isolate the credit value.

TSLA Tesla
$286.46

2.31 (0.81%)

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.

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AYI

Acuity Brands

$161.46

3.9 (2.48%)

21:35
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TTNP

Titan Pharmaceuticals

$0.50

-0.08 (-13.79%)

21:34
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Syndicate
Titan Pharmaceuticals raises $9.5M in a public offering »

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MTEM

Molecular Templates

$5.81

-0.44 (-7.04%)

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Molecular Templates 8.2M share Secondary priced at $5.50 »

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YMAB

Y-mAbs Therapeutics

$0.00

(0.00%)

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VKTX

Viking Therapeutics

$18.92

-0.72 (-3.67%)

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TWIN

Twin Disc

$23.33

0.34 (1.48%)

21:28
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Twin Disc 1.333M share Secondary priced at $22.50 »

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FTCH

Farfetch

$0.00

(0.00%)

21:26
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Syndicate
Farfetch 44.244M share IPO priced at $20.00, above the range »

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CRSP

Crispr Therapeutics

$48.90

-3 (-5.78%)

21:25
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MDCA

MDC Partners

$4.55

0.25 (5.81%)

21:08
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MDC Partners to evaluate strategic alternatives »

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GWRE

Guidewire

$101.71

0.16 (0.16%)

20:27
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20:27
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20:27
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Guidewire sees 5-year target revenue of about $1.3B »

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  • 20

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AVMXY

Avita Medical

$0.00

(0.00%)

20:13
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LTS

Ladenburg Thalmann

$2.36

-0.03 (-1.26%)

20:05
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Ladenburg Thalmann CEO to serve as chairman »

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  • 27

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Conference/Events
Morgan Stanley multi-industrial analysts hold analyst/industry conference call »

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SPY

SPDR S&P 500 ETF Trust

$293.53

2.31 (0.79%)

, SPX

S&P 500

$0.00

(0.00%)

19:15
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General news
Trump's former lawyer Cohen met with Mueller multiple times, ABC says »

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SPY

SPDR S&P 500 ETF Trust

$293.53

2.31 (0.79%)

SPX

S&P 500

$0.00

(0.00%)

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SCS

Steelcase

$16.10

0.8 (5.23%)

, ACAD

Acadia

$19.08

3.97 (26.27%)

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Fly Intel: After Hours Movers »

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Steelcase

$16.10

0.8 (5.23%)

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Acadia

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3.97 (26.27%)

TXN

Texas Instruments

$108.50

1.14 (1.06%)

MCD

McDonald's

$160.84

1.65 (1.04%)

RDS.A

Royal Dutch Shell

$66.83

0.57 (0.86%)

PIR

Pier 1 Imports

$1.80

0.045 (2.56%)

UNFI

United Natural Foods

$33.83

0.54 (1.62%)

MU

Micron

$46.06

1.01 (2.24%)

SGH

Smart Global

$30.44

0.7 (2.35%)

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KORS

Michael Kors

$72.72

-0.33 (-0.45%)

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  • 20

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MDT

Medtronic

$97.47

1.01 (1.05%)

, MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

19:00
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Medtronic to acquire Mazor Robotics for $58.50 per ADS, or about $1.64B »

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MDT

Medtronic

$97.47

1.01 (1.05%)

MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

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  • 09

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MDT

Medtronic

$97.47

1.01 (1.05%)

, MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

18:59
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Hot Stocks
Breaking Hot Stocks news story on Medtronic, Mazor Robotics »

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MDT

Medtronic

$97.47

1.01 (1.05%)

MZOR

Mazor Robotics

$52.70

2.44 (4.85%)

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  • 09

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ACAD

Acadia

$19.08

3.97 (26.27%)

18:54
09/20/18
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18:54
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18:54
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Acadia rating change at Piper Jaffray »

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ACAD

Acadia

$19.08

3.97 (26.27%)

18:48
09/20/18
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Acadia rating change at Piper Jaffray »

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SONA

Southern National Bancorp

$16.89

0.13 (0.78%)

18:45
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Southern National Bancorp names Jeffrey Karafa CFO »

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TSLA

Tesla

$298.32

-0.63 (-0.21%)

18:44
09/20/18
09/20
18:44
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18:44
Periodicals
Tesla VP of global supply management O'Connor to leave company, Bloomberg says »

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CRBP

Corbus Pharmaceuticals

$7.90

2.75 (53.40%)

18:34
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Corbus CEO says wants to be leading pipeline for synthetic endocannabinoids »

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