- Credit Suisse analyst Dan Levy upgraded Tesla Inc TSLA to Outperform from Neutral with an unchanged price target of $1,025, implying an upside of 21%.
- An attractive entry point has emerged in the shares following the recent selloff, Levy notes.
- The company is a "one of one," says the analyst, who is "hard-pressed to find a stock that checks all the boxes as Tesla does."
- Levy believes Tesla offers an attractive growth story, disruption, and decarbonization.
- He notes the stock will recover given the company's "robust fundamentals."
- Further volume growth and sustained margin strength should drive upside to consensus estimates, contends Levy.
- Price Action: TSLA shares traded higher by 2.02% at $863.45 in the premarket session on the last check Monday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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