Will This Price Target Increase Help Tesla (TSLA) Stock Today?

NEW YORK (TheStreet) -- Goldman Sachs (GS) increase its price target for Tesla (TSLA) to $210 Friday, reiterating its "neutral" rating for the stock.

The bank also raised its EPS estimates for the electric vehicle maker through 2016. Goldman Sachs analysts cited Tesla's accelerated delivery schedule as a reason for the new price target.

Shares of Tesla were gaining 1.8% to $227.25 in pre-market trading.

Must read: Warren Buffett's 25 Favorite Stocks

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Separately, TheStreet Ratings team rates TESLA MOTORS INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate TESLA MOTORS INC (TSLA) a HOLD. The primary factors that have impacted our rating are mixed ? some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and poor profit margins."

TSLA ChartTSLA data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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