Tesla action increases by 5% at the call of the bullish analyst

Shares of Tesla Inc. rose more than 5% on Tuesday following a bullish call from Macquarie Research, which predicts an increase of more than 60% of equities within 12 months.

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TSLA, + 5.74%

shares traded up to $ 265.19, up 5.8%. They seem poised to break their run of five losses and are at their best from a 17% lead a week ago. The shares were the best performers of Nasdaq-100.

NDX, + 0.29%

Macquarie began hedging Tesla's stock at its purchase equivalent and set its 12-month price target at $ 430, one of the highest followed by FactSet, representing a 63% increase over selling prices. Tuesday.

Wall Street has an average price target of $ 304.30 on Tesla, according to FactSet, which has compiled the goals of 31 analysts.

"We see Tesla as a technology-driven company with differentiated products and a strong brand presence in the ever-growing and equally disrupted markets of electric vehicles, energy storage and power generation." said Maynard Um, Macquarie analyst.

Tesla is "uniquely positioned to become the leader in vehicle ecosystem platforms behind its integrated software power," he said.

In the short term, Tesla would have "enough levers to overcome" the bump of a debt term, especially if the title reaches $ 360 on March 1, he said.

Although Chief Executive Officer Elon Musk said the company did not need to tap the financial markets, a capital increase would further enhance the company's long-term prospects and provide protection, Um said. .

In addition, Tesla "looks set to reach its production targets and is expected to be able to achieve profitability in the second quarter of the year," he wrote.

Related: "Think of us, little people": Tesla fans beg Elon Musk to stop tweeting

In another positive news for the company, Tesla said Sunday that it has achieved its goal of making the Model 3 sedan the safest car ever built, citing the National Highway Traffic Safety Administration, the Model S luxury sedan and the SUV Model. X. place the second and third as vehicles with the lowest probability of injury.

See more: Tesla says model 3 has the lowest probability of injury from any car tested by NHTSA

Stocks recently exploded and spent last week, with the exception of Monday, in the red as the market struggled with a tweet from Musk that seemed to mock the Securities and Exchange Commission just days after that the regulators and he had reached an agreement. put an end to SEC fraud charges regarding his "Secure Funding" tweet.

Tesla shares lost 16% this year, contrasting with the 8% and 7% gains in the S & P 500 index

SPX, -0.05%

and the Dow Jones Industrial Average.

DJIA, -0.09%