Citi analyst Itay Michaeli upgrades Tesla to Neutral, has a price target of $176.176

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Citi analyst Itay Michaeli upgrades Tesla to Neutral, has a price target of $176.176

Citi analyst Itay Michaeli upgraded Tesla Inc TSLA to Neutral from Sell with a price target of $176. Michaeli sees a 4% decline in the stock and has an accuracy rate of 53%.

The action was predicted on the year-to-date pullback that has balanced out the near-term risk reward.

In October, Tesla reported revenue of $21.45 billion, up 56% year-over-year. The total came in below analysts' estimates of $21.96 billion.

Tesla shares rose 7.8% to close at $183.20 on Wednesday, adding another 0.9% in the after-hours trading session.

Let's have a look at how Benzinga rated the electric-vehicle maker in the recent period.

Wedbush s analyst Daniel Ives maintained an Outperform rating on the stock on October 20, 2022, but slashed the price target from $360 to $300. Ives sees around 64% upside in the company's stock and has an accuracy rate of 58%.