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HSBC Boosts Tesla Stock (TSLA) Price Target, Benchmark Stays Bullish Ahead of Q3 Deliveries

HSBC Boosts Tesla Stock (TSLA) Price Target, Benchmark Stays Bullish Ahead of Q3 Deliveries

Electric vehicle (EV) maker Tesla (TSLA) is expected to announce its third-quarter deliveries on Thursday. Heading into the key update, HSBC analyst Michael Tyndall increased his price target for TSLA stock to $127 from $120 but maintained a Sell rating. Meanwhile, Benchmark analyst Mickey Legg reiterated a Buy rating with a price target of $475. Let’s look at the views of these analysts on TSLA stock.

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HSBC Weighs in on Tesla’s Q3 Deliveries

Tyndall noted that based on high-frequency data (daily and weekly run rates in China and…

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