STA Research Downgrades Tesla Inc. (TSLA:NSD) to “Hold” on Valuation, $300 target

TSLA Ratings by Stock Target Advisor

Analyst Ratings Coverage

On Tuesday July 4th, STA Research (Analyst Rank #45) issued a research report on Tesla’s stock, and downgraded the rating on the company to a “Hold” from a “Buy” based on the current valuation after a tepid bull run where the stock has almost tripled in 6 months.  The research company also maintained their 12 month target forecast of $300 per share.

Goldman Sachs (Analyst Rank#10) just raised it’s 12 month price target on Tesla’s stock to $275 from $248.  Last week Goldman Sachs downgraded the stock to “Neutral” from a “Buy” rating based on growth concerns based on a lofty stock valuation.

TSLA Stock Forecast & Analysis

According to the analysis of 40 analysts, the average target price for Tesla Inc (TSLA) over the next 12 months is USD 209.39. This target price represents the average projection of these analysts regarding the future value of Tesla Inc’s stock.

Tesla Inc has received an average analyst rating of Buy, indicating that, on average, analysts have a positive outlook on the stock and recommend buying shares of Tesla Inc.

Stock Target Advisor, a stock analysis platform, has conducted its own analysis of Tesla Inc and has a slightly bullish outlook. This analysis is based on 10 positive signals and 5 negative signals identified by their methodology. It suggests that there are several factors that may indicate a favorable stance on the stock.

As of the last closing, Tesla Inc’s stock price was USD 279.82. This represents the value at which the stock was traded at the end of the most recent trading day.

In terms of recent price performance, Tesla Inc’s stock price has shown significant growth. Over the past week, the stock price has increased by +16.08%, indicating a strong positive movement in the short term. Looking at the past month, the stock price has surged by +30.78%, reflecting a substantial gain. Examining the longer-term performance, the stock price has increased by +23.13% over the last year.

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