Tesla "is the original meme/momentum stock," according to a Barclays analyst, but he thinks the recent rally has become too detached from...
Tesla Inc. “is the original meme/momentum stock,” according to a Barclays analyst, but he thinks the recent rally in shares has become too detached from fundamentals.
He downgraded the stock to equal-weight from overweight in his note to clients, while boosting his price target to $260 from $220. these recent drivers of sentiment will be rather long-dated, and do little to offset the headwinds we see in the near term.”
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