Analysts: Tesla Shares Could Double Over 3-4 Years and 3 More Research Notes to Explore
Tesla Motors (NASDAQ:TSLA): Deutsche Bank has upgraded Tesla shares to Buy from Hold, while raising its price target for the stock to $160 from $50. Deutsche notes that several third parties have concluded Tesla’s electric car is the best car they’ve ever tested. The firm believes Tesla shares could more than double over the next three to four years.
Baidu (NASDAQ:BIDU): Morgan Stanley has upgraded Baidu to Overweight from Equal Weight, citing valuation and improved mobile monetization. The firm upgraded the shares following the second quarter report, noting progress in mobile monetization, increased visibility, and leverage. The price target was also raised to $144.70 from $92.
OpenTable (NASDAQ:OPEN): Goldman Sachs has upgraded OpenTable to Buy from Neutral, citing the recent selloff in shares. The firm sees a buying opportunity ahead of an expected strong quarterly report, accelerating product innovation, improving mobile conversion, and the third quarter launch of the cloud-based ERB. The price target has been raised to $76 from $54.
Bed Bath & Beyond (NASDAQ:BBBY): Deutsche Bank has downgraded Bed Bath & Beyond to Hold from Buy, citing valuation and the threat of online competition, although the firm keeps a $78 price target for shares.