5 Stocks Receiving Price Target Hikes After Earnings Beat

3. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 88

Tesla, Inc. (NASDAQ:TSLA) is next on the list of 5 stocks receiving price target hikes after earnings beat. The electric vehicle giant earned $1.19 per share on revenue of $24.32 billion in Q4. This compares to the consensus of $1.13 per share for earnings and $24.16 billion for revenue.

Looking forward, Tesla, Inc. (NASDAQ:TSLA) expects to produce 1.8 million vehicles in 2023. However, CEO Elon Musk said the company could potentially produce 2 million vehicles if everything goes smoothly and there is no major disruption (in terms of the supply chain, war, pandemic etc.)

A number of research firms raised their price targets for Tesla, Inc. (NASDAQ:TSLA) on Thursday, January 26, after recent earnings. Wedbush increased its price target from $175 to $200, Wells Fargo lifted its price target from $130 to $150 and BofA raised its price target from $130 to $155.

Follow Tesla Inc. (NASDAQ:TSLA)