Tesla Motors Price Target Raised to $215.00 at Robert W. Baird (TSLA)

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Equities researchers at Robert W. Baird increased their target price on shares of Tesla Motors (NASDAQ:TSLA) from $187.00 to $215.00 in a research report issued on Tuesday, ARN reports. The firm currently has an 'outperform' rating on the stock. Robert W. Baird's price objective would suggest a potential upside of 11.03% from the company's current price.

A number of other analysts have also recently weighed in on TSLA. Analysts at TheStreet reiterated a 'sell' rating on shares of Tesla Motors in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of 'Hold' and a consensus target price of $176.22.

Shares of Tesla Motors ( NASDAQ:TSLA) traded up 10.03% during mid-day trading on Tuesday, hitting $213.06. 4,010,542 shares of the company's stock traded hands. Tesla Motors has a 1-year low of $33.80 and a 1-year high of $206.00. The stock has a 50-day moving average of $173.4 and a 200-day moving average of $160.8. The company's market cap is $26.120 billion. Tesla Motors also was the target of some unusual options trading activity on Wednesday. Investors acquired 127,028 call options on the company. This represents an increase of 134% compared to the average daily volume of 54,311 call options.

Tesla Motors (NASDAQ:TSLA) last announced its earnings results on Wednesday, February 19th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.15. The company had revenue of $615.00 million for the quarter, compared to the consensus estimate of $657.15 million. On average, analysts predict that Tesla Motors will post $1.58 earnings per share for the current fiscal year.

Tesla Motors, Inc ( NASDAQ:TSLA) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components.

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