TSLA & Analysts

Aug 26, 2020 3 Comments

On June 18th 2020, Jeffries upgraded TSLA from 650 to 1200: https://www.cnbc.com/2020/06/18/jefferies-raised-its-price-target-on-tesla-to-1200-from-650.html

On Aug 26, 2020 Jeffries upgraded TSLA from 1200 to 2500: https://www.marketwatch.com/story/tesla-stock-gains-after-jefferies-boosts-target-to-new-street-high-of-2500-2020-08-26

In between these two dates, TSLA had a decent earnings call and stock split announcement.

Are Analysts catching up to the valuations driven by Robinhood investors by citing absurd reasons?

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 TOP 3 Comments
  • Citadel
    BrutеForce

    Go to company page Citadel

    BrutеForce
    Never listen to analysts. They're all full of shit.
    Aug 26, 2020 1
    • National Airlines
      znva25

      National Airlines

      znva25
      Funny if you only look at first 4 letters
      Aug 26, 2020
  • If an analyst can consistently make correct predictions more than half of the time, then they would make better money as a trader in buyside instead.

    Therefore by definition an analyst is generally more wrong than right.
    Aug 26, 2020 0