Analyst Coverage Change
KGI Securities (Rank#209) downgraded Tesla’s stock rating from a “Outperform” rating to a “Neutral.” This means that KGI Securities believes that the stock is likely to perform in line with the overall market and may not provide exceptional returns compared to other investment options. Additionally, KGI Securities lowered their price target to $196 for Tesla’s stock.
Daiwa Securities Co. (Rank#102) maintained its “Outperform” rating on Tesla’s stock, which means that they believe that the stock has the potential to outperform the overall market and provide investors with strong returns. Daiwa Securities also increased its price target for Tesla’s stock from USD 200 to USD 218, indicating that they believe that the company’s stock is undervalued and has room for growth.
The differing opinions between the two securities firms reflect the uncertainties and volatility associated with the stock. While the company has experienced significant growth in recent years and has a large market share in the electric vehicle industry, it has also faced challenges related to production and distribution, as well as increasing competition from other companies. These factors may contribute to divergent views among analysts about the company’s future performance and value.
TSLA Stock Price Forecast & Analysis
Tesla Inc.’s stock forecasts and average analyst rating according to the forecasts from 45 analysts, has the average analyst target price for Tesla Inc. over the next 12 months is USD 216.34. This suggests that the analysts are generally optimistic about the company’s future performance and believe that the stock has potential for growth in the coming year.
In addition, the statement notes that Tesla Inc.’s average analyst rating is “Buy,” indicating that most analysts are recommending that investors buy the company’s stock. This suggests that analysts believe that the stock is undervalued and has the potential to generate strong returns for investors.
Stock Target Advisor, a platform that provides stock analysis, also indicates a slightly bullish outlook for Tesla Inc.’s stock based on its own analysis of the company’s performance. According to Stock Target Advisor, there are 10 positive signals and 5 negative signals for Tesla Inc.’s stock, further suggesting that the company’s stock may have potential for growth in the future.
Tesla Inc.’s stock price has changed by -5.53% over the past week and -34.91% over the last year. This suggests that the stock has been volatile and has experienced fluctuations in price over time. Nevertheless, the fact that the stock price has increased by 1.40% over the past month may be seen as a positive sign by some investors.
