Tesla Inc. (TSLA:NSD) Morningstar sees stock going 20 percent higher, $220 target

TESLA

Analyst Coverage Change

Morningstar(Rank#164), a financial research firm maintained its rating on Tesla Inc. with a”Hold.” Analysts at Morningstar have a 12 month target price of USD 220, on the stock as of February 2nd, 2023.

Recent Ratings:

  • Daiwa Securities Co. upgraded their target price to USD 200 on January 31st, 2023.
  • Berenberg Bank upgraded their rating from “Buy” to “Strong Buy” and raised their target price from USD 255 to USD 200 on January 30th, 2023.
  • Argus Research Company lowered their target price from USD 374 to USD 257 and maintained a “Buy” rating on January 27th, 2023.
  • STA Research maintained a “Strong Buy” rating and a target price of USD 225 on January 27th, 2023.
  • Wells Fargo & Company maintained an “Equal-Weight” rating and raised their target price from USD 130 to USD 150 on January 26th, 2023.
  • Citigroup maintained a “Neutral” rating and raised their target price from USD 137 to USD 146 on January 26th, 2023.
  • Wolfe Research maintained an “Outperform” rating and raised their target price from USD 160 to USD 185 on January 26th, 2023.
  • Cowen raised their target price from USD 122 to USD 140 and maintained a “Market Perform” rating on January 26th, 2023.
  • Wedbush Securities raised their target price from USD 175 to USD 200 and maintained an “Outperform” rating on January 26th, 2023.
  • J.P. Morgan Chase & Co maintained an “Underweight” rating and lowered their target price from USD 125 to USD 120 on January 25th, 2023.
  • Morgan Stanley & Co. maintained an “Overweight” rating and lowered their target price from USD 250 to USD 220 on January 25th, 2023.
  • Truist Financial maintained a “Buy” rating and lowered their target price from USD 299 to USD 245 on January 23rd, 2023.
  • Zacks Investment Research maintained a “Strong Sell” rating on January 20th, 2023.
  • Deutsche Bank lowered their target price on January 19th, 2023.
  • Piper Jaffray Companies maintained an “Overweight” rating and lowered their target price from USD 340 to USD 300 on January 19th, 2023.
  • Daiwa Securities Co. raised their target price to USD 145 on January 18th, 2023.
  • Bank of America Merrill Lynch lowered their target price from USD 135 to USD 130 and maintained a “Neutral” rating on January 17th, 2023.
  • Jefferies & Company lowered their target price from USD 350 to USD 180 and maintained a “Buy” rating on January 17th, 2023.

TSLA Stock Price Forecast & Analysis

Tesla Inc (TSLA) has an average analyst target price of USD 255.59, based on forecasts from 43 analysts. The average analyst rating for TSLA is “Strong Buy,” indicating a positive outlook for the stock. Stock Target Advisor considers its own analysis of TSLA to be “Slightly Bullish,” with 10 positive signals and 6 negative signals. At the last closing, TSLA’s stock price was USD 181.41. TSLA’s stock price has seen substantial growth over the past week and month, increasing by 25.60% and 47.27%, respectively. However, over the last year, TSLA’s stock price has declined by 41.56%.

FA Score (Fundamental Analysis):

The fundamental analysis of Tesla Inc. is “Slightly Bullish” with a FA score of  6.4 out of 10, where  10 is extremely Bullish.

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