Goldman Sachs analyst Mark Delaney maintained a Hold rating on Tesla (TSLA – Research Report) on June 23 and set a price target of $285.00.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Mark Delaney has given his Hold rating due to a combination of factors surrounding Tesla’s recent robotaxi operations. The initial launch in Austin, Texas, while showcasing progress in Tesla’s Full Self-Driving technology, indicates that scaling these operations will be gradual. Initial user feedback has been largely positive, noting smooth rides, though there were some navigation issues reported, such as improper lane usage.
Delaney also compared Tesla’s service to competitors like Waymo, highlighting differences in operating areas. Despite the promising technology, the pace of expansion is expected to be slow in the near term. Delaney plans to keep an eye on further disclosures from Tesla to better understand the technical advancements and potential financial implications.
In another report released yesterday, Robert W. Baird also reiterated a Hold rating on the stock with a $320.00 price target.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is neutral on the stock.