2021-10-27 07:25:11 | Goldman ups Tesla target to $1,125 after 'important' Hertz orderGoldman Sachs analyst Mark Delaney raised the firm's price target on Tesla (TSLA) to $1,125 from $905 and keeps a Buy rating on the shares. The Hertz (HTZZ) Model 3 order news is "important" for Tesla, Delaney tells investors in a research note. While the 100,000 order is material on its own, the deal will also help Tesla to sustain "strong" growth and margins when considering the order in the context of other dynamics, says the analyst. Delaney believes Tesla already has a large backlog, and he thinks the order will help supply/demand to "remain healthy even as Tesla ramps its new factories." Further, the Hertz deal could also incentivize other rental fleets to shift more quickly toward electric vehicles, contends Delaney. |
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