In a report released on March 14, George Gianarikas from Canaccord Genuity maintained a Buy rating on Tesla (TSLA – Research Report), with a price target of $404.00.
George Gianarikas has given his Buy rating due to a combination of factors including positive survey results and market potential. The survey conducted showed a strong interest in Tesla, with many respondents indicating they are just as likely or more likely to purchase a Tesla vehicle compared to a year ago. This suggests a sustained or growing demand for Tesla’s products, which is a positive indicator for the company’s future performance.
Additionally, despite acknowledging potential biases in the survey, the overall sentiment remains favorable. This, coupled with Tesla’s innovative edge in the electric vehicle market and its potential for continued growth, supports the Buy rating. The analyst also set a price target of $404, reflecting confidence in the stock’s upward trajectory.
In another report released yesterday, Mizuho Securities also maintained a Buy rating on the stock with a $430.00 price target.
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