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Tesla holds $300 as analysts dig in

Published 04/05/2017, 09:50 AM
© Reuters.  Tesla holds $300 as analysts dig in
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  • Morgan Stanley (NYSE:MS)'s Adam Jonas admits surprise at how quickly Tesla (NASDAQ:TSLA) ran up to $300, but also back up his firm's long-term bullish call on the stock.
  • He attributes the share price gains to an "understanding" by investors of Tesla's true addressable market.
  • "While difficult to quantify, we have long felt that one of Tesla’s most important areas of value is its captive ecosystem of data-collecting transport machines with close proximity to real-time data that may have any number of adjacent purposes for monetization and/or deepening of the strategic moat," writes Jonas.
  • Tesla ran up to as high as $304.81 yesterday vs. the Morgan Stanley price target of $305. Some investors are curious on if bullish analysts like Jonas recommend taking profit as PTs are hit or if the bearish side blinks first by raising their own PTs (Cowen $155, Goldman Sachs (NYSE:GS) $187, Deutsche $240).


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