FREE Shipping in USA

 | New Arrival - Space Lamps
0

Your Cart is Empty

Piper Sandler Thinks Tesla Stock TSLA Is A Buy During The Recent “Market Dislocation”

by Eva Fox March 27, 2020

Piper Sandler Thinks Tesla Stock TSLA Is A Buy During The Recent “Market Dislocation”

Piper Sandler analyst Alexander Potter today released his research report, in which he recommended the purchase of Tesla shares in connection with the recent “market dislocation,” according to multiple media reports and the general forecast for electric car maker remains stable.

Despite the fact that Potter actually lowered the target price of Piper Sandler from $928 to $820 per share, he keeps an Overweight rating on the shares. It means that the stock will work well in the future, which means it is worth buying, as it can surpass the wider market and other stocks in this sector. Also, according to estimates in the note, this is still a potential upside of 36% of Tesla's closing price of $528 per share on Thursday. On Friday, trading closed at $515 per share.



Potter wrote that investors should be using the recent "market dislocation" to buy TSLA. The analyst notes that, despite the fact that the results for the first quarter, which will be published next week, will undoubtedly show a negative side compared with the published consensus, Tesla's long-term positioning remains attractive.
 
Potter believes that the "recently-fortified" Tesla balance sheet should provide sufficient liquidity, without significant maturities of debt until March 2021. Tesla also benefits from company-specific tailwinds, which should partially offset macro-weakness in 2020, the analyst said.

Analysts Piper Sandler about Tesla's long-term prospects seem to be a compelling argument. Tesla leads as a manufacturer of high-tech electric vehicles. The automaker, despite the ongoing epidemic of coronavirus, with the support of the Chinese government, was able to resume production in China in Giga Shanghai. The value of Tesla's shares is growing despite the situation in the world, which is good evidence of increased interest.

Also, New Street Research analyst Pierre Ferragu upgraded Tesla shares to the equivalent of Buy from Hold on Friday.

Featured image: Unsplash/Chaprie Deets 

Information in the article is provided for informational purposes only. I do not own shares of the company and do not intend to buy them within 72 hours.




Also in Tesmanian Blog

Deep Dive Into Tesla Tabless Electrode Patent Before Battery Day
Deep Dive Into Tesla Tabless Electrode Patent Before Battery Day

by Eva Fox May 31, 2020 0 Comments

In November 2019, Tesla filed a patent 'Cell with a tabless electrode', which Tesmanian described earlier. All Tesla’s inventions aimed at developing batteries are incredibly important, as the company strives to develop a battery that will be cheaper to manufacture and have higher performance than those currently on the market. But this patent is very important, which was emphasized by Tesla CEO Elon Musk.
Read More
SpaceX returns human spaceflight capabilities to the United States as Crew Dragon docks to the Space Station
SpaceX returns human spaceflight capabilities to the United States as Crew Dragon docks to the Space Station

by Evelyn Arevalo May 31, 2020 0 Comments

"Its been 18 years working towards this goal."
Read More
President Trump praises SpaceX founder Elon Musk upon first successful NASA Astronaut launch
President Trump praises SpaceX founder Elon Musk upon first successful NASA Astronaut launch

by Evelyn Arevalo May 30, 2020 0 Comments

Read More

Previous  / Next