Analyst Coverage TSLA
On Tuesday April 2nd, 4 analysts updated their coverage on Tesla’s stock after the company reported it missed delivery target forecasts for Q1.
Mizuho Securities (Analyst Rank #21) maintained the “Hold” rating on Tesla, with a 12 month target forecast of $195 per share.
UBS Securities (Rank #20) also maintained their “Hold” rating on Tesla, with a 12 month target forecast of $165 per share.
Goldman Sachs & Co (Rank #12). reiterated their “Neutral rating, and $190 target forecast.
Robert W. Baird & Co. (Rank #27) lowered their target forecast on Tesla to $280 from $300, with a “Outperform” rating.
TSLA Stock Forecast & Analysis
The stock forecast for Tesla Inc, as assessed by 28 analysts, suggests an average target price of USD 241.45 over the next 12 months. This implies a potential upside from the current stock price. Additionally, the average analyst rating for Tesla Inc is “Buy,” indicating a positive sentiment among analysts regarding the stock’s future performance.
Stock Target Advisor’s own analysis of Tesla Inc echoes this sentiment, describing it as “Slightly Bullish.” This assessment is based on a combination of positive signals (9) and negative signals (6), suggesting a slightly optimistic outlook.
As of the last closing, Tesla Inc’s stock price stood at USD 175.22. Over the past week, the stock price has seen a modest increase of +1.50%, while over the past month, it experienced a decline of -13.53%. Looking back over the last year, Tesla Inc’s stock price has decreased by -15.54%.
Overall, while the short-term performance has been volatile, the consensus among analysts and Stock Target Advisor’s analysis indicates a positive outlook for Tesla Inc’s stock, with potential for growth in the long term. However, investors should consider the inherent risks and conduct their own research before making investment decisions.
