Cantor Keeps Tesla at Overweight With a $485 Price Target
Photo: TokenPost
Cantor Fitzgerald maintained its Overweight rating on Tesla and kept its $485 price target. The firm sees the Roadster making a limited contribution to near-term profit, even after an impressive demonstration. Cantor viewed the Roadster demonstration on Oct. 15 as impressive. It still sees uncertainty around how quickly Tesla can move the sports car into mass production, which may delay meaningful financial returns. The assessment leaves the rating and target unchanged. The pace of production remains a key factor in the Roadster’s commercial outlook. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
