(CercleFinance.com) – Wedbush Securities announced on Friday that it had removed the stock from its list of ‘best investment ideas’, citing the price discipline that these stocks must demonstrate.
Dan Ives, Wedbush’s star analyst, yesterday lowered his price target on the stock from $350 to $315 following the disappointing outlook revealed by the electric vehicle manufacturer for 2024.
The professional revealed his dismay in the wake of a conference call during which no major strategic subject, such as weak demand or falling prices, was discussed according to him.
‘Instead, we were treated to a long explanation of the text on Tesla’s long-term vision and a conference call that looked like complete nonsense,’ he asserted, while now his ‘outperform’ opinion on the stock.
The list of ‘best investment ideas’ brings together around twenty American stocks, including several tech giants such as Apple, Amazon, Microsoft or Netflix, but also some stocks linked to mass consumption such as Constellation Brands, Imax or Domino’s Pizza.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyzes distributed by Cercle Finance only constitute a decision-making aid for investors. Cercle Finance cannot be held responsible directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional advisor before making any investment. This indicative information does not in any way constitute an inducement to sell or a solicitation to buy.
Are you following this action?
Receive all the information on TESLA INC. in real time :