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On July 3, 2023, Truist Securities maintained a Hold rating on Tesla (NASDAQ: TSLA), projecting a 29.45% downside from the latest closing price of $261.77 to an average one-year price target of $184.69. The price target estimates range between $24.58 and $294.00.
Tesla’s projected annual revenue is $118.52 billion, marking a 37.75% increase, with a non-GAAP EPS of $5.70. Institutional ownership saw a rise of 5.24%, totaling 4,034 funds, although total shares owned by institutions decreased by 0.12% to 1,553,294K shares. The TSLA put/call ratio is 0.82, indicating a bullish outlook.
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