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Piper Sandler Sticks to Their Buy Rating for Tesla (TSLA)

Tipranks - Tipranks - Fri Apr 24, 6:34AM CDT

In a report released today, Alexander Potter from Piper Sandler reiterated a Buy rating on Tesla, with a price target of $500.00.

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According to TipRanks, Potter is a 5-star analyst with an average return of 17.6% and a 47.80% success rate. Potter covers the Consumer Cyclical sector, focusing on stocks such as Ford Motor, General Motors, and Tesla.

In addition to Piper Sandler, Tesla also received a Buy from Roth MKM’s Craig Irwin in a report issued today. However, on the same day, Jefferies maintained a Hold rating on Tesla (NASDAQ: TSLA).

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Based on Tesla’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $24.9 billion and a net profit of $840 million. In comparison, last year the company earned a revenue of $25.71 billion and had a net profit of $2.31 billion

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