Analyst Coverage Change
In a research note issued today, January 19th, Piper Sandler(#19) maintained their Overweight Rating on Tesla’s stock , but lowered the 12 month target forecast to $300 from $340 per share.
Deutsche Bank(#5) also lowered their price target forecast to $220 from $250.
Piper Sandler is ranked #19 out of 426 in Stock Target Advisor’s database based on its median rating accuracy of +15.2%. As a result, Stock Target Advisor has given it an A grade. The median target accuracy of Piper Sandler is at -5.01% of its stock targets. This means that the firm’s analysts have been accurate in their price targets for the majority of their stock recommendations. However, the median target accuracy is negative, it means that the firm’s analysts on average predict a lower price than the actual price. In addition, the median 12-month return on following Piper Sandler’s buy/sell/hold advice is +10.22%.
Deutsche Bank Capital is a financial institution and a division of Deutsche Bank AG, one of the largest financial services companies in the world. According to Stock Target Advisor, Deutsche Bank Capital is ranked #5 out of 426 in Stock Target Advisor’s database based on its median rating accuracy of +22.15%. This means that Deutsche Bank Capital’s analysts have a very good track record of providing accurate stock ratings and price targets.
Tesla Analysis and Stock Forecast
Based on the stock forecasts from 34 analysts, the average analyst target price for Tesla Inc is USD 257.10 over the next 12 months. This means that analysts on average believe that the stock price of Tesla Inc will increase and reach a price of USD 257.10 within the next 12 months.
The average analyst rating for Tesla Inc is Strong Buy, which means that the majority of analysts covering the stock believe that it is a good investment opportunity and have a positive outlook on the stock’s performance.
Stock Target Advisor’s own stock analysis of Tesla Inc is Slightly Bullish, indicating that they believe the stock will perform better than the overall market. This analysis is based on 10 positive signals and 6 negative signals. Positive signals may include factors such as strong financials, favorable industry trends, and positive news or developments within the company. Negative signals may include factors such as declining revenue, negative news or developments within the company, or a difficult industry environment.
At the last closing, Tesla Inc’s stock price was USD 128.78. The stock price has changed by +4.51% over the past week, indicating that the stock has gone up by 4.51% over the past 7 days. The stock price has also changed by -14.28% over the past month, indicating a decrease in the stock price over the past 30 days. Furthermore, the stock price has changed by -62.51% over the last year, indicating a significant decrease in the stock price over the past year.