Tesla Motors Inc (NASDAQ:TSLA) stock received a “buy” reiteration from research analysts at Wedbush, according to a report that was released on Friday. Here is how other analysts are handling Tesla’s stock:
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Wedbush Securities Posts
Tesla Motors Inc (NASDAQ:TSLA) has received an upgrade to OUTPERFORM from NEUTRAL due to a proprietary survey that supports higher Gen III expectations than Wedbush Securities’ prior forecast. The survey strongly indicates that consumers are receptive to purchasing electric vehicles. Wedbush’s 12-month price target for Tesla Motors Inc (NASDAQ:TSLA) is now $240 (from $180).
Wedbush Securities Inc., a private financial services and investment bank, hosted an investment tour at the Tesla Motors Inc (NASDAQ:TSLA) manufacturing facility last week. After the Tesla Motors Inc (NASDAQ:TSLA) tour, Wedbush analysts Craig Irwin and Min Xu issued a report based on their findings. Irwin maintained his Neutral rating on Tesla Motors Inc (NASDAQ:TSLA), but raised their price target from $150 per share to $180 per share.
Electronic Arts had an interest in buying out Valve according to The New York Times. EA was in very early stages of talks with Valve to buy them out. If the talks had not fallen through, EA would have valued Valve at around $1 billion. Valve co-founder Gabe Newell said that the company’s financials are confidential so it is not known how much the company is worth.
Wedbush Securities Michael Pachter was interviewed by Bloomberg West today about his thoughts on Facebook and Mark Zuckerberg. Pachter criticized Zuckerberg for not showing investors respect by wearing a hoodie during a roadshow. Pachter also said that he does not think Zuckerberg would be fit for running a major company and answering to shareholders.
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