Analyst Coverage
On April 1st, Wells Fargo & Company maintained their “Underweight” rating on Tesla’s stock, with a 12 month target forecast of $125 per share.
Tesla Stock Forecast & Analysis
According to the Tesla Inc stock forecast provided by 28 analysts, the average analyst target price for the company is USD 240.80 over the next 12 months. This forecast reflects a cautiously optimistic sentiment among analysts, as the target price suggests potential upside for investors considering Tesla Inc’s stock. Additionally, the average analyst rating for Tesla Inc is Buy, indicating a positive outlook on the company’s performance and growth prospects.
Stock Target Advisor, an independent stock analysis platform, offers a slightly bullish assessment of Tesla Inc. Their own analysis categorizes the stock as Slightly Bullish, based on 10 positive signals and 5 negative signals identified within the company’s financial and market performance. This indicates a generally positive sentiment surrounding Tesla Inc, although some concerns are noted.
At the last closing, Tesla Inc’s stock price stood at USD 175.79. Over the past week, the stock price has experienced a modest increase of +2.90%, indicating some short-term momentum. However, over the past month, the stock has shown a significant decline of -13.25%, reflecting recent market volatility and broader industry trends. Looking at the broader picture, over the last year, Tesla Inc’s stock price has decreased by -15.27%, highlighting the challenges faced by the company in navigating market uncertainties and investor sentiment shifts.
Tesla Inc operates in the electric vehicle (EV) industry, where it has established itself as a pioneer and market leader. The company’s innovative technology, strong brand recognition, and ambitious growth plans have contributed to its status as a key player in the automotive sector. Tesla’s continued expansion into new markets and investment in research and development underscore its commitment to driving innovation and shaping the future of transportation.
Investors interested in Tesla Inc should carefully consider the insights provided by both analysts and independent analysis platforms like Stock Target Advisor. While the average analyst target price and rating suggest optimism regarding Tesla Inc’s prospects, the slightly bullish analysis from Stock Target Advisor indicates some reservations and areas of concern.
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.
