Tesla Inc Stock Forecast:
According to the average of 48 analysts, the target price for Tesla Inc over the next 12 months is USD 213.09, with an average rating of Buy. Stock Target Advisor‘s analysis of Tesla Inc’s stock is Slightly Bullish, based on 10 positive signals and 5 negative signals. Tesla Inc’s stock price at the last closing was USD 180.59, with a slight increase of +0.03% over the past week and +0.26% over the past month, but a significant decrease of -47. (https://www.echelon.health/) 31% over the last year.
Analysts Coverage Change:
13 analysts lowered their 12 month target forecasts on Tesla Inc. today, April 20, 2023:
- RBC maintains an Outperform rating and lowers the price target from USD 217 to USD 212.
- Citigroup maintains a Neutral rating and lowers the price target from USD 192 to USD 175.
- Wells Fargo & Company maintains an Equal-Weight rating and lowers the price target from USD 190 to USD 170.
- TD Cowen maintains a Market Perform rating and lowers the price target from USD 170 to USD 150.
- Bank of America Merrill Lynch maintains a Neutral rating and raises the price target from USD 220 to USD 225.
- J.P. Morgan Chase & Co maintains an Underweight rating and lowers the price target from USD 120 to USD 115.
- Wedbush Securities maintains an Outperform rating and lowers the price target from USD 225 to USD 215.
- Deutsche Bank maintains a Buy rating and lowers the price target from USD 250 to USD 200.
- Mizuho Securities maintains a Buy rating and lowers the price target from USD 250 to USD 230.
- Canaccord Genuity maintains a Buy rating and lowers the price target from USD 275 to USD 257.
- Morgan Stanley & Co reiterated an Overweight rating and lowers the price target from USD 220 to USD 200.
- Wedbush Securities maintains an Outperform rating and lowers the price target from USD 225 to USD 215.
- Deutsche Bank maintains a Buy rating and lowers the price target from USD 250 to USD 200.
Overall, the majority of the analysts have maintained their bullish outlook on Tesla by rating it as Buy or Outperform, despite lowering their price targets. However, a few analysts have downgraded their rating and lowered their price targets, citing concerns about competition and the company’s valuation.
Positive Fundamentals:
Investors like Tesla stock for its high market capitalization, superior risk-adjusted returns, return on equity, return on assets, and return on invested capital. It also has low debt, positive cash flow, positive free cash flow, and has shown top quartile earnings growth in the previous five years. Additionally, it has a high Gross Profit to Asset Ratio, which is popular among value investors for showing superior long-term returns.
Negative Fundamentals:
Investors may be hesitant to invest in Tesla stock due to its high volatility and above-median total returns in the past 5 years, which could suggest a higher risk. The stock is also considered overpriced when compared to its peers on multiple metrics, including price to earnings, book value, cash flow, and free cash flow. Potential investors are advised to exercise caution before investing in the stock.
FA Score (Fundamental Analysis):
The fundamental analysis of Tesla Inc. stock is “Slightly Bullish” with a FA score of 6.7 out of 10, where 0 is very bearish and 10 is very bullish.
