Jospeh Osha From JMP upgraded Tesla to market outperform from market perform, and set the price target to $1,060. Osha mentioned the recent selloff has provided investors with a "good opportunity" to buy.
"a perusal of offerings from competitors suggests that [Tesla's] market position should continue to be dominant."
Osha wrote from the note to clients, “Investors may find themselves with additional near-term opportunities to buy the stock as [Tesla] works through the first half of 2020 and the impact of COVID-19 becomes apparent,"
About the Author
Proud owner of Tesla Model 3.
Future owner of Tesla Model Y Performance & CyberTruck