Analyst Ratings Coverage
STA Research (Rank#54) released report on Wednesday June 21st, and updated their coverage on Tesla (TSLA)’s stock. STA Research revised the target upward to $300 per share, from $275, a notable increase to the price target forecast for the next 12 month period.
TSLA Stock Forecast & Analysis
The stock forecast provided by 45 analysts suggests that the average target price for Tesla Inc over the next 12 months is USD 185.04. This figure represents the consensus expectation among these analysts regarding the future performance of Tesla’s stock. It is important to note that analyst target prices are subjective and can vary based on individual assessments of factors such as financial performance, market conditions, and growth prospects.
The average analyst rating for Tesla Inc is reported as “Buy,” indicating an overall positive sentiment among the surveyed analysts. This rating suggests that the majority of analysts believe Tesla’s stock has the potential for future growth and may present a favorable investment opportunity. Analyst ratings are often based on a comprehensive analysis of a company’s financials, industry trends, competitive landscape, and other relevant factors.
Stock Target Advisor’s independent analysis suggests that the stock’s outlook is “Slightly Bullish.” This analysis takes into account 10 positive signals and 5 negative signals related to Tesla’s stock. These signals could include factors such as positive financial indicators, favorable market trends, successful product releases, and other indicators that impact the stock’s potential. However, it’s important to note that this analysis is based on a specific methodology and should be considered alongside other sources of information.
As of the time of the last closing, Tesla Inc’s stock price stood at USD 274.45. It is crucial to remember that stock prices are subject to frequent fluctuations influenced by market dynamics and investor sentiment. Therefore, it is possible that the current stock price may differ from the value at the time of this analysis.
Examining recent performance, Tesla’s stock price has demonstrated a positive trend over the past week, with an increase of +6.08%. In the past month, the stock price has experienced significant growth, rising by +52.35%. Looking at the broader timeline, over the course of the last year, Tesla’s stock price has increased by +26.61%. These figures illustrate the notable volatility and substantial price movements experienced by Tesla’s stock within relatively short periods.
