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Jpmorgan: Tesla stock to plummet 77% over the next year

via:凤凰网科技     time:2021/11/25 8:05:17     readed:74


Jpmorgan has a price target of just $250

Jpmorgan analysts are among the most bearish Wall Street analysts on Tesla, with a price target of $250, well below today's closing price of $1,116, suggesting the stock could plunge 77% over the next year. Jpmorgan also has an "underweight" rating on Tesla, meaning investors should sell their shares because they underperform the broader market. Jpmorgan has the lowest price target on Tesla among Wall Street banks, according to Data compiled by Bloomberg.

Tesla's stock rose rapidly during the pandemic, rising more than 630% since February 2020. Jefferies raised its price target on Tesla's stock to $1,400 from $120, while Morgan Stanley and Goldman Sachs had $1,200 and $1,125 price targets, respectively.

Jpmorgan doesn't think Tesla is a bad company, analysts Ryan & Middot; In an October 21 investment note, Chief executive Ryan Brinkman said Tesla has "advanced technology" and a number of products that are "bold, unique, elegant and enjoyable". (Writer/Shuangye)

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