Tesla shares jumped 4.98% to $597.14 at 14:06 EST on Thursday, following yesterday’s downward trend. The Nasdaq Stock Market is jumping 0.47% to $12,407.40, following yesterday’s downward trend, on what up until now seems, a somewhat positive trend exchanging session today.
Tesla’s last close was $568.82, 1.79% under its 52-week high of $607.80.
Tesla jumps after Goldman Sachs upgrades the automaker’s stock and boosts its price target by 40%. According to today’s article on Business Insider, “Shares in Tesla jumpeded on Thursday after Goldman Sachs upgraded its stock to “buy” from “neutral” and boosted its price target to $780, currently the highest on Wall Street.”
Tesla’s sales growth is 36.1% for the ongoing quarter and 59.8% for the next. The company’s growth estimates for the ongoing quarter and the next is 112.2% and 265.2%, respectively.
Year-on-year quarterly revenue growth grew by 39.2%, now sitting on 28.18B for the twelve trailing months.
Tesla’s Stock Top and Bottom Yearly Value
Tesla’s stock is valued at $597.14 at 14:06 EST, under its 52-week high of $607.80 and way higher than its 52-week low of $65.45.
Tesla’s Moving Average
Tesla’s worth is way above its 50-day moving average of $456.78 and way above its 200-day moving average of $347.09.