Tesla Analyst Coverage
Wells Fargo & Company (Rank#11) issued a research report on Thursday, October 19th, and cut the 12 month target forecast on Tesla’s stock to $250 from $260 per share. Wells Fargo maintained the “Overweight” rating on the stock.
Morgan Stanley & Co. (Rank#1) also cut the 12 month target forecast on Tesla’s stock to $380 from $400 per share. Morgan Stanley maintained the “Outperform” rating on the stock.
Wedbush Securities (Rank#39) lowered their target forecast to $310 from $350 per share.
Morningstar (Rank#81) upgraded the stock from a Sell to a Hold rating, and maintained the $210 target forecast.
TSLA Stock Forecast & Analysis
The Tesla Inc stock forecast provides valuable insights into the expected performance of Tesla Inc’s stock in the coming year. This forecast is derived from the analysis of 29 financial experts and is based on a variety of factors, including the company’s financial health, industry trends, and market conditions. Here’s an expanded explanation of the information you provided:
- Average Analyst Target Price: The average analyst target price for Tesla Inc over the next 12 months is USD 246.38. This means that, on average, financial experts expect the stock to reach this price in the next year. This target price serves as a benchmark for investors and can help them make informed decisions about buying, holding, or selling Tesla Inc’s stock.
- Average Analyst Rating: The average analyst rating for Tesla Inc is “Buy.” This rating is a reflection of the general sentiment among financial analysts regarding the stock. A “Buy” rating suggests that, in their professional opinion, Tesla Inc is a good investment opportunity at its current price.
- Stock Target Advisor’s Analysis: Stock Target Advisor, an independent analysis source, has assessed Tesla Inc’s stock and categorized it as “Slightly Bullish.” This rating is based on a comprehensive analysis of various signals, including both positive and negative factors. It indicates that there are slightly more positive indicators supporting a bullish outlook for the stock.
- Stock Price Information: At the last closing, Tesla Inc’s stock price was USD 242.68. This represents the most recent price at which Tesla Inc’s stock was traded in the market. Investors and traders use this information to gauge the stock’s current value and to decide whether to enter or exit positions.
- Stock Price Changes: Tesla Inc’s stock has experienced some notable changes in price over recent time periods. In the past week, the stock price decreased by -7.72%. This indicates a significant short-term decline. Over the past month, it decreased by -8.52%, suggesting a somewhat longer-term trend of decline. However, over the last year, the stock price has increased by +10.21%, signifying a positive long-term performance.
These metrics are crucial for investors and traders as they provide a snapshot of the current sentiment and expectations surrounding Tesla Inc’s stock. The “Buy” rating and slightly bullish outlook suggest that many analysts and Stock Target Advisor believe the stock has potential for growth in the coming year, even though it has experienced short-term declines recently. However, it’s important to note that the stock market is influenced by various factors, and these forecasts are not guarantees but rather informed predictions based on available information at the time. Investors should conduct their own research and consider their individual financial goals and risk tolerance before making investment decisions.
