Tesla shares climb 8 percent after bullish analyst reports

Tesla shares climb 8 percent after bullish analyst reports

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/09/10/tesla-shares-climb-8-percent-after-two-bullish-analyst-reports.html

Following a pair of bullish reports from Baird and Bernstein analysts, Tesla shares rose more than 8 percent on Monday afternoon. Tesla stock closed at $263.24 Friday, and reached $285.50 on Monday afternoon.

"We think the [Tesla] setup in sentiment looks relatively favorable for the next few weeks," said Bernstein analyst Toni Sacconaghi in a note to clients on Monday. "We now see the near-term risk-reward for Tesla as relatively skewed to the upside, given the potential for the stock to revert towards the middle of its $270 to $370 range."

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