JP Morgan analyst among the most bearish Wall Street analysts list of Tesla, Tesla gave their price target to $ 250, far below today’s closing price of 1116 US dollars, also This means that Tesla’s stock price may plummet by 77% in the next year. JPMorgan Chase also gave Tesla an underweight rating, which means that investors should sell their Tesla shares because of their underperformance. According to Bloomberg’s data, among the major banks on Wall Street, JP Morgan Chase has given the lowest price target for Tesla.
Tesla’s stock price rose rapidly during the epidemic. Since February 2020, Tesla’s stock price has risen by more than 630%. During this period, investment company Jefferies raised Tesla’s target stock price from US$120 to US$1,400. Morgan Stanley and Goldman Sachs gave target stock prices of US$1200 and US$1125, respectively.
Join RealMi Central on Telegram, Facebook & Twitter
JPMorgan Chase doesn’t think Tesla is a bad company. Analyst Ryan Brinkman issued an investment report on October 21 stating that Tesla has “advanced technology” and a variety of “bold, bold, Unique, elegant and enjoyable experience” products.