Deutsche Bank Analyst Sees Tesla as a Tech Platform Reshaping Multiple Industries
- Tesla stock rises after Deutsche Bank assigns a Buy rating and $295 price target
- Deutsche Bank analyst Edison Yu believes Tesla is in a league of its own, reshaping multiple industries
- The average analyst price target for Tesla stock is around $218; Morgan Stanley’s is $310
- Yu values Tesla’s car business using Apple’s price to sales multiple, energy storage with Enphase’s EV/EBITDA, and robot/self-driving businesses with Nvidia’s valuation multiples
Tesla stock experienced an increase in early trading after receiving a Buy rating from Deutsche Bank, with a $295 price target. Analyst Edison Yu believes the company is more than just an auto maker and should be valued differently due to its involvement in various industries. The average analyst price target for Tesla stock is around $218, while Morgan Stanley’s target is $310. Yu values Tesla’s businesses using different multiples from Apple, Enphase, and Nvidia. About 41% of analysts covering Tesla have Buy ratings, higher than the S&P 500 average of 55%.
Factuality Level: 9
Factuality Justification: The article provides accurate and objective information about Tesla’s stock performance, Deutsche Bank’s new Buy rating, and analyst Edison Yu’s perspective on the company’s various businesses. It also includes relevant details such as the average price target and comparisons to other companies in similar industries. The article is focused on the main topic without any significant digressions or personal opinions presented as facts.
Noise Level: 6
Noise Justification: The article provides some relevant information about Tesla’s stock performance and Deutsche Bank’s new Buy rating, but it is mostly focused on the short-term fluctuations in stock prices and analyst opinions without delving into the long-term implications or broader context of Tesla’s business strategy, technological advancements, or industry trends. It also includes some repetitive information about Tesla’s various businesses and comparisons to other companies.
Public Companies: Tesla (TSLA), Apple (AAPL), Enphase (ENPH), Nvidia (NVDA), Deutsche Bank (DB), Morgan Stanley (MS)
Key People: Edison Yu (Analyst at Deutsche Bank), Adam Jonas (Analyst at Morgan Stanley), Emmanuel Rosner (Analyst at Wolfe Research), Rod Lache (Retired Analyst at Deutsche Bank)
Financial Relevance: Yes
Financial Markets Impacted: Tesla stock and Deutsche Bank analyst Edison Yu’s new Buy rating impacts Tesla’s stock price and financial markets.
Financial Rating Justification: The article discusses the impact of a new Buy rating from Deutsche Bank on Tesla’s stock price, which can affect investors and financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.
Move Size: The market move size mentioned in this article is a 2.4% increase in Tesla stock price.
Sector: Technology
Direction: Up
Magnitude: Medium
Affected Instruments: Stocks
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