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

Wedbush: Tesla (TSLA) 5 for 1 Stock Split Is A 'Smart Strategic Move', Price Target $1,800 With $2,500 Bull Case
Wedbush: Tesla (TSLA) 5 for 1 Stock Split Is A 'Smart Strategic Move', Price Target $1,800 With $2,500 Bull Case

by Vincent Y August 13, 2020 0 Comments

Read More
SpaceX will deploy Planet Labs' SkySats aboard upcoming Starlink mission
SpaceX will deploy Planet Labs' SkySats aboard upcoming Starlink mission

by Evelyn Arevalo August 12, 2020 0 Comments

When SpaceX launches the next trio of SkySats, Planet will be capable to offer better quality images of Earth to compete in the national security market.
Read More
Tesla’s Seamless Buying Experience is Disrupting the Traditional Sales Model, Especially Post Pandemic
Tesla’s Seamless Buying Experience is Disrupting the Traditional Sales Model, Especially Post Pandemic

by Eva Fox August 12, 2020 0 Comments

Tesla founder and CEO Elon Musk founded the company with the mission “to accelerate the advent of sustainable transport by bringing compelling mass-market electric cars to market as soon as possible.” This mission has served as the foundation for Tesla's highly successful business model.
Read More

Previous  / Next