Seth Goldstein of Morningstar raised his target price of Tesla stock to $680 from $650 on the Hertz news, which is still way below the current market price. “We think much of the good news is already priced into the stock,” he wrote to his clients, explaining why he raised his target price by only about a quarter of the market’s rise.

Source: Washington Post October 31, 2021 00:03 UTC