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Tesla's stock faces challenges as analysts raise concerns about the company's growth prospects and valuation. Bernstein cuts its target price to $120 from $150 due to soft demand in China/Europe and constrained US Model 3 production. The stock's fair value is now estimated at $93, down from $120, reflecting lowered estimates and a push-out in EV adoption growth.
$TSLA up on Bernstein whacking estimates and price target
$TSLA ouch - $120 on the cards says Bernstein Bernstein reiterates Tesla as underperform Bernstein lowered its price target on the stock to $120 per share from $150. ” Tesla’s stock price remains high on almost every valuation metric compared to both traditional and…
BERNSTEIN: $TSLA stock “remains high on almost every valuation metric compared to both traditional and higher-growth auto OEMs .. Our DCF now points to fair value of $93 (down from $120), primarily due to lowered estimates .. but also due to a push-out in EV adoption growth.” https://t.co/a3M7xtjVcR