Bank of America analyst John Murphy lowered the price target on Tesla (TSLA.US) to $700 from $900. He said the $700 price target is based on the forecast enterprise value-to-sales ratio and enterprise value-to-EBITDA ratio, with forecasts of 15X and 89X, respectively. Murphy believes Tesla (TSLA.US) wants to ramp up production at its Fremont and Gigafactories plants, but the company may not be able to easily raise low-cost capital through the stock market to support its expanded capacity at this time, and he also...
Web link
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments