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Analysts from Mizuho, Bernstein, and Citi have downgraded Tesla ($TSLA) due to concerns about slowing EV demand, price cuts, and production constraints. Mizuho lowered the price target to $195 from $270, Bernstein to $120 from $150, and Citi to $196 from $224.
$TSLA Citi reiterates Tesla as neutral Citi lowered its price target on the stock to $196 per share from $224 ahead of the company’s delivery numbers in early April. “Ahead of Tesla’s Q1 delivery release, we’re lowering estimates to reflect recent datapoints. Our Q1 delivery…
$TSLA will plummet 30% over the next year warns Bernstein. The firm cut their price target on Tesla to $120 and says the fair value is actually $93. https://t.co/BydJGnyLTV
Canaccord Genuity analyst @gianarikas has reiterated his $TSLA price target of $234 and BUY rating. “Overall, we view much of the negativity currently surrounding Tesla as extreme — and the recent uptick in volume of negative and bearish feedback we have received regarding…