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UBS more than doubles its Tesla price target, citing huge upside in the automaker's software business
1 month ago - By Business Insider
Summary List Placement UBS more than doubled its price target for Tesla on Tuesday, from $325 to $730, while keeping its neutral rating, citing the electric car maker's emerging leadership in software.
"Tesla has the potential to become one of the most valuable software companies," the team of analysts, led by Patrick Hummel, said in a note."This is the next battleground and main driver of valuation from here, in our view."
Tesla's narrative, the analysts said, is no longer about winning in electric vehicles where it has already established market leadership, but rather in software.
They...
Read more ...UBS more than doubles its Tesla price target, citing huge upside in the automaker's software business
1 month ago - By Business Insider
Johannes Eisele/AFP via Getty Images
UBS more than doubled its price target for Tesla from $325 to $730 this week.
The analysts cited the electric car maker's emerging leadership in software.
"Tesla has the potential to become one of the most valuable software companies," UBS said.
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UBS more than doubled its price target for Tesla on Tuesday, from $325 to $730, while keeping its neutral rating, citing the electric car maker's emerging leadership in software. "Tesla has the potential to become one of the most valuable...
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