Tesla’s stock rose 2.9% postmarket following reports that Goldman Sachs has upgraded its stock from “Neutral” to “Buy,”. Goldman boosted Tesla’s price target from $455 to $780, a healthy 37% on the upside.
- Tesla’s upgraded rating reflects an improved long-term sales outlook and margin expansion.
- Tesla’s stock had traded 2.7% lower before the upgrade, and the stock surge recouped the regular-session decline.
Tesla’s stock is currently gaining. TSLA: NASDAQ is up 3.31% on the premarket.