More Analyst Sell Ratings Than Buys on Tesla
With RBC Spak’s rating change to underperform (the equivalent of a sell), there are now more analysts on Wall Street that say sell Tesla, than buy it.
Eight analysts say “buy,” seven say “hold” and nine now say “sell,” according to TipRanks.com.
Would think it’s rare for a stock as popular as Tesla to have a majority of analysts say sell.
The negative rating is still relatively rare, with most analysts typically using a “hold” rating to voice their displeasure with a stock. For comparison, Apple has zero sell ratings, according to TipRanks. https://www.tipranks.com/stocks/tsla/price-target