Analyst Ratings Coverage
Goldman Sachs & Co. (Rank #12) issued a research report on Monday June 26th, and downgraded Tesla’s stock to a “Neutral” rating, from a previous “Buy” rating. The analyst Mark Delaney also raised the 12 month target forecast to $248 from $185. The basis of his downgraded is primarily based on its current valuation, which has expanded dramatically so far this year.
Deutsche Bank (Rank#7) raised the target to $230 from $200, and maintained the “Buy” rating.
Guggenheim Securities (Rank#69) also lifted the target to $112 from $105.
Tesla’s stock is currently in a consolidation phase following its recent price run-up. After experiencing a significant increase in price, the stock is now trading within a range, indicating a period of stabilization and balance. This consolidation phase suggests that the market is taking a breather and assessing the stock’s next potential move. Investors should closely monitor Tesla’s price action during this consolidation period to gain insights into its future price trajectory.
TSLA stock forecast & Analysis
According to the forecast from 44 analysts, the average analyst target price for Tesla Inc over the next 12 months is USD 207.46. This suggests that, on average, analysts expect a decline in the stock price in the coming year. However, it’s important to note that these forecasts are based on various factors and are subject to change.
The average analyst rating for Tesla Inc is Buy, indicating a positive sentiment towards the stock. This suggests that analysts generally believe Tesla has the potential for growth and recommend buying shares.
Stock Target Advisor’s own stock analysis of Tesla Inc presents a slightly bullish outlook. Their analysis is based on 10 positive signals and 5 negative signals, indicating a more optimistic view on the stock’s performance.
At the last closing, Tesla Inc’s stock price was USD 256.60, which was higher than the average analyst target price. Investors should consider these factors and conduct further research before making any investment decisions.
Over the past week, Tesla Inc’s stock price changed by -1.51%, indicating a slight decline. However, over the past month, it saw a significant increase of +39.10%, and over the last year, it experienced a modest gain of +4.43%.
