Analyst Coverage Change
On Wednesday January 25th, Morgan Stanley & Co.(Rank#1) issued a research report which maintained their “Overweight” rating on Tesla’s stock. The analyst lowered the target price from USD 250 to USD 220.
Morgan Stanley’s analyst, Adam Jonas has named Tesla Inc. as his “Top Pick” stock and he predicts a “shake out” for the electric-vehicle market as companies fight for market share, of which he believes Tesla will win, especially with their recent price reductions which has spurred demand.
Also on Wednesday, J.P. Morgan Chase & Co(Rank#4) has maintained their “Underweight” rating for the stock, with a target price range of USD 120 down from USD 125.
Tesla is set to release its earnings after the market closes today.
Tesla Stock Forecast & Analysis
Tesla Inc’s stock price has been a topic of interest for many investors and analysts lately. According to the stock forecasts from 34 analysts, the average analyst target price for Tesla Inc is USD 252.51 over the next 12 months. This suggests that the analysts on average believe that the stock price will increase by around 76% from its current level. The average analyst rating for Tesla Inc is a “Strong Buy”, which indicates that the majority of analysts believe that the stock is a good investment.
Stock Target Advisor’s analysis of Tesla Inc. is Slightly Bullish, which is based on 10 positive signals and 6 negative signals. This means that STA sees more positive indicators for the stock than negative ones, indicating a general upward trend in the stock’s performance.
At the last closing, Tesla Inc’s stock price was USD 143.89. The stock’s price has seen a significant change over the past week, month, and year. The stock price has changed by +9.43% over the past week, +16.84% over the past month and -53.58% over the last year. This suggests that the stock has been on an upward trend over the short term but has been on a downtrend over the long term.