Analyst Ratings Coverage
On June 22, 2023, Morgan Stanley & Co (Rank #1) issued a research report and downgraded Tesla’s stock rating to “Equal Weight” from a “Overweight” rating. The previous target price for Tesla’s stock set by Morgan Stanley was USD 200, and the analyst raised the new target price to USD 250. This downgrade by a prominent investment bank has attracted significant attention and could potentially influence investor sentiment towards the electric vehicle (EV) giant.
Downgrade Reasoning
The downgrade is based on a variety of factors, including company financial performance, industry trends, market conditions, competition, and overall macroeconomic factor, but mainly like due to a over extended valuation based on the analyst’s models and technical analysis.
TSLA Stock Forecast & Analysis
According to the Tesla Inc stock forecast from 45 analysts, the average analyst target price for Tesla Inc is USD 209.30 over the next 12 months. This target price indicates a significant decrease of 19.33% from the current stock price. Despite this downward projection, Tesla Inc’s average analyst rating is still categorized as “Buy,” suggesting that analysts generally view the stock as a favorable investment opportunity.
Stock Target Advisor also evaluation is categorized as “Slightly Bullish,” based on 10 positive signals and 5 negative signals. This indicates that there are some positive indicators in the company’s performance and outlook, although there are also factors that warrant caution.
As of the last closing, Tesla Inc’s stock price stood at USD 259.46. Over the past week, the stock price has experienced a slight increase of +1.04%. Looking at a longer time frame, the stock has seen significant growth, with a +44. (Zolpidem) 03% increase over the past month and a +9.46% increase over the last year. These past performance figures suggest a relatively positive trend for Tesla Inc’s stock price.
Tesla Inc, as a prominent player in the electric vehicle industry, attracts significant attention from investors and analysts alike. The company’s innovative products, leadership in sustainable transportation, and potential for future growth contribute to the ongoing analysis and speculation surrounding its stock. Market dynamics, investor sentiment, and company-specific developments can all influence Tesla Inc’s stock price in the future.
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.
