Tesla Upgraded to Buy at MKM with New PT of $380 Tesla (NASDAQ: TSLA) has recently received a significant upgrade from Roth MKM, moving the electric vehicle (EV) producer's rating from "neutral" to "buy" [1]. This positive shift comes with an increased price target of $380, suggesting a potential upside of 10.09% from Tesla's previous closing price [1]. This upgrade is not an isolated event. Several other analysts have also weighed in on TSLA, with varying degrees of optimism [1]. For instance, Sanford C. Bernstein maintains an "underperform" rating and a $120 price objective, while GLJ Research holds a "sell" rating and a $24.86 price objective [1]. Despite these contrasting views, a majority of analysts are relatively positive on Tesla. Robert W. Baird maintains an "outperform" rating and a $280 price objective, while Barclays upped their target price from $220 to $235 and gave the stock an "equal weight" rating [1]. Canaccord Genuity Group also lifted their price target from $254 to $278 and issued a "buy" rating [1]. With these price targets in mind, it's worth noting that Tesla's stock has experienced significant volatility over the past year. The company has a 12-month low of $138.80 and a 12-month high of $361.93 [1]. Tesla's market capitalization currently stands at $1.11 trillion, with a price-to-earnings ratio of 94.56, a P/E/G ratio of 11.21, and a beta of 2.29 [1]. In summary, the recent upgrade of Tesla from Roth MKM, coupled with the optimistic outlook of several other analysts, suggests that there may be significant upside potential for the EV producer's stock. However, it's essential to consider the contrasting views and the company's historical volatility before making any investment decisions. [1] Source: https://www.marketbeat.com/instant-alerts/tesla-nasdaqtsla-upgraded-to-buy-at-roth-mkm-2024-12-02/

Tesla, Inc. (TSLA) recently received an upgrade from Roth MKM, which boosted its rating from "neutral" to "buy" and set a new price target of $380, indicating a potential upside of 10.09% from its previous closing price.

This upgrade is part of a broader trend of positive sentiment among analysts, with several other firms maintaining or increasing their price targets for Tesla. For example, Robert W. Baird has an "outperform" rating and a $280 price objective, while Barclays increased its target price from $220 to $235 and assigned an "equal weight" rating.

However, it's important to consider the diversity of opinions, as not all analysts are equally optimistic. Sanford C. Bernstein maintains an "underperform" rating and a $120 price objective, and GLJ Research holds a "sell" rating with a $24.86 price objective.

Despite these differences, Tesla's stock has shown significant volatility over the past year, with a 12-month low of $138.80 and a 12-month high of $361.93. The company's market capitalization is $1.11 trillion, and it has a price-to-earnings ratio of 94.56, a P/E/G ratio of 11.21, and a beta of 2.29.

In conclusion, while the recent upgrade and optimistic outlook from some analysts suggest potential upside for Tesla's stock, it's crucial to weigh this against the historical volatility and the varied opinions of analysts when making investment decisions.