Telsa Stock Forecast:
According to 34 analysts, the average target price for Tesla, Inc.’s stock is $267.68 in the next 12 months. The analysts have an overall positive outlook for the stock, with an average rating of “Strong Buy”. Stock Target Advisor’s own analysis of the stock is “Slightly Bullish”, based on 10 positive signals and 6 negative signals. The current price of the stock is $113.06, and it has decreased by 8.22% in the past week, 37.13% in the past month, and 68.14% in the past year.
Analyst Coverage Changes:
With Tesla’s stock continuing it’s slide, analysts have responded in various manners as a catalyst to the fall and change in valuation.
- Daiwa Securities has lowered its target price for the stock from $130.
- Edward Jones has upgraded the stock to a “Buy” rating.
- Mizuho Securities has maintained its “Buy” rating for the stock, but lowered its target price from $285 to $250.
Positive Fundamental:
Tesla Inc. has a high market capitalization, which indicates that it is a large and stable entity in its sector. It has also outperformed its peers on various financial metrics, including risk-adjusted returns, return on equity, capital utilization, return on assets, and earnings and revenue growth. Additionally, the company has had positive cash flow and free cash flow in the recent past, and has a high gross profit to asset ratio compared to its peers. These factors may be seen as positive by investors.
Negative Fundamental:
Tesla Inc. has high volatility and is overpriced compared to its earnings, book value, cash flow, and free cash flow compared to its peers. It is also highly leveraged and has a high debt to equity ratio compared to its sector peers. These factors may be seen as negative by investors and may increase risk associated with investing in the company. It is important for investors to carefully consider their risk tolerance and assess the company’s financial performance and management before making an investment decision.
