Tesla continues unstoppable. Far are the words of its president on May 1 when he assured that the actions were "very expensive". The fall that occurred that day was just a bump in an unstoppable streak. Today, Elon Musk's are up about 10% and have crossed the $ 1,300 barrier.
Today the carmaker must thank JMP Securities, JP Morgan and Deutsche Bank. The three firms have revised their position in the company on Monday with the same result, raising their target price.
The first is the more optimistic of the two and has placed it at $ 1,500 compared to the initial 1,050. This gives you a bullish potential in the coming months of 12%.
In the case of JP Morgan, the increase in the target price has its negative side. The financial sees Tesla titles as overvalued and positions its target price at $ 295 compared to the previous $ 275.
JP Morgan is the analyst of the more than 30 that follows Tesla in the most bearish stock market. Despite the increase in the target price, they keep the advice to underweight. They ensure that any substantially better results could include unique character elements, including credit sales and deferred revenue release associated with autonomous driving characteristics.
In the case of Deutsche Bank has increased its rating by 11% going from $ 900 to $ 1,000. In the case of the German financial company, they rely on delivery data to justify this rise.