In research report released on Wednesday June 21st, Barclays Capital (Rank#5) updated their coverage on Tesla (TSLA)’s stock.  Barclays analyst Dan Levy made the decision to lower the stock’s rating from “Buy” to “Hold,”, however with a upward revision to his price target. The revised target was set at $260 per share, a notable increase from the previous target of $220 per share, for the next 12 month period.

The downgrade by Barclays and the subsequent decline in Tesla’s stock price attracted considerable attention within the investors and traders alike, and pushed down Tesla’s stock by almost 5 percent in intraday trading. These updates can have a significant impact on market sentiment and the perception of a company’s financial prospects.

TSLA Stock Forecast & Analysis

According to the stock forecast provided by 45 analysts, the average analyst target price for Tesla Inc over the next 12 months is USD 185.04. This target price represents the average expectation among these analysts regarding the future performance of Tesla’s stock.

The average analyst rating for Tesla Inc is reported as “Buy,” indicating a generally positive sentiment towards the stock among the analysts surveyed. This rating suggests that the majority of analysts believe that Tesla’s stock has the potential for future growth and may be a favorable investment opportunity.

Stock Target Advisor conducted its own analysis of Tesla Inc and concluded that the stock’s outlook is “Slightly Bullish.” This assessment is based on evaluating 10 positive signals and 5 negative signals related to Tesla’s stock. Such signals could include factors such as financial performance, market trends, product releases, and other indicators that impact the stock’s potential.

At the time of the last closing, Tesla Inc’s stock price was recorded at USD 274.45. It’s important to note that stock prices are subject to frequent changes due to market fluctuations and investor sentiment. Therefore, the current stock price may differ from the time of this analysis.

Over the past week, Tesla’s stock price has shown a positive trend, increasing by +6.08%. In the past month, the stock price has exhibited significant growth, rising by +52.35%. Looking at the broader timeline, over the last year, Tesla’s stock price has increased by +26.61%. These figures indicate that Tesla’s stock has experienced notable volatility and substantial price movements within relatively short periods.