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RBC Reaffirms Buy Rating for Tesla Amid Ongoing Optimism

Guavy AI Editorial Team
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CAD
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Royal Bank of Canada reaffirmed its 'buy' rating for Tesla (NASDAQ:TSLA) in a research note issued on Friday.

This is not the first time RBC has expressed optimism about Tesla's prospects. In July, Roth Capital reiterated a 'buy' rating and set a $505 price target for TSLA shares.

The Goldman Sachs Group has restated its 'neutral' rating on Tesla, with a $360 price target. Meanwhile, JPMorgan Chase & Co. cut its target price from $475 to $445 and set a 'neutral' rating.

Tesla's stock is currently trading at $372.11, down 1.5% over the past week.

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