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TSLA

Tesla

$676.88 /

-6.39 (-0.94%)

, AAPL

Apple

$133.00 /

+2.63 (+2.02%)

05:33
04/12/21
04/12
05:33
04/12/21
05:33

Canaccord upgrades Tesla with over $1,000 target on 'Apple-esque' ecosystem

Canaccord Genuity analyst Jed Dorsheimer upgraded Tesla (TSLA) to Buy from Hold with a price target of $1,071, up from $419. The stock closed Friday down $6.78 to $677.02.The company is positioned to "attack and conquer" another trillion-dollar market as its ramps up its focus on energy generation and storage, Dorsheimer tells investors in a research note. The analyst predicts Tesla's generation and storage unit could yield $8 billion of revenue by 2025. Tesla "is rapidly creating an Apple-esque ecosystem of energy products, harmonized in electrification, to become The Brand in energy storage," Dorsheimer writes. The analyst believes that as battery supply constraints ease, Tesla will be able to meet demand for its Powerwall home storage. Tesla "holds a several-year lead and is now expanding aggressively into storage and thus feel our multiple is warranted," writes Dorsheimer.

TSLA

Tesla

$676.88 /

-6.39 (-0.94%)

AAPL

Apple

$133.00 /

+2.63 (+2.02%)

  • 26

    Apr

  • 28

    Apr

TSLA Tesla
$676.88 /

-6.39 (-0.94%)

04/12/21 Canaccord
Tesla upgraded to Buy from Hold at Canaccord
04/07/21 Morgan Stanley
Morgan Stanley says EV infrastructure plan could possibly expand Tesla advantage
04/05/21 Alliance Global Partners
Tesla deliveries bullish for LiveXLive Media, says Alliance Global Partners
04/05/21 BofA
Tesla Q1 deliveries 'very modest' increase from Q4, says BofA
AAPL Apple
$133.00 /

+2.63 (+2.02%)

04/09/21 Citi
Citi tells investors to focus on Apple's capital deployment, iPhone gains
04/08/21 Piper Sandler
Teen iPhone ownership continues to increase, says Piper Sandler
04/06/21 Cowen
Apple's News product a key growth pillar, says Cowen
04/06/21 Morgan Stanley
Morgan Stanley raises Services forecast for Apple, trims price target to $156

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