Tesla (TSLA) Stock: $1,150 Target And Buy Rating

By Amit Chowdhry ● Jul 4, 2022
  • The shares of Tesla Inc (NASDAQ: TSLA) have received a $1,150 price target from Mizuho. These are the details.

The shares of Tesla Inc (NASDAQ: TSLA) have received a $1,150 price target from Mizuho. And Mizuho analyst Vijay Rakesh is maintaining a “Buy” rating on the shares.

Rakesh adjusted the rating based on the conservatively lowered June quarter and the unit delivery estimates of the second half of 2022 to reflect the Shanghai shutdowns and supply chain constraints. But Rakesh sees strong electric vehicle demand despite higher prices with longer lead times as production and new models are ramping up. 

And despite elevated macro risks, battery electric vehicles could see a solid second half of 2022 as China reopens and the demand improves.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.