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.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
