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Analysts Offer Insights on Consumer Cyclical Companies: Tesla (TSLA) and QuantumScape (QS)

Tipranks - Fri Apr 24, 7:54AM CDT

Analysts fell to the sidelines weighing in on Tesla (TSLA) and QuantumScape (QS) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Tesla (TSLA)

DZ BANK AG analyst Markus Leistner upgraded Tesla to Hold today. The company’s shares closed last Wednesday at $387.51.

Leistner has an average return of 10.7% when recommending Tesla. ;'>

According to TipRanks.com, Leistner is ranked #1386 out of 12212 analysts.

Currently, the analyst consensus on Tesla is a Moderate Buy with an average price target of $412.43, representing a 6.4% upside. In a report issued on April 14, UBS also upgraded the stock to Hold with a $352.00 price target.

See the top stocks recommended by analysts >>

QuantumScape (QS)

In a report released today, Gabriel Daoud from Truist Financial maintained a Hold rating on QuantumScape. The company’s shares closed last Wednesday at $7.31.

According to TipRanks.com, Daoud is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -13.8% and a 28.3% success rate. Daoud covers the NA sector, focusing on stocks such as Enterprise Products Partners, Riley Exploration Permian, and Mach Natural Resources LP. ;'>

Currently, the analyst consensus on QuantumScape is a Hold with an average price target of $10.20, implying a 42.3% upside from current levels. In a report issued on April 8, TipRanks – xAI also upgraded the stock to Hold with a $6.00 price target.

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