Analysts at B. of A. Securities on Tuesday tweaked their price target on Tesla Inc. (TSLA) stock to $900, from $800, ahead of the electric-car maker's third-quarter earnings on Wednesday That implies an upside around 3.5% over Tuesday's share price. Tesla got a "slight premium" over B. of A.'s expectations to factor in "(Tesla's) track record of growth, consistent capital raises, and overall investor hype," the analysts said in a note. Tesla has gained 23% so far this year, compared with gains around 20% for the S&P 500 index in the same period.
(END) Dow Jones Newswires
October 19, 2021 10:48 ET (14:48 GMT)
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