Analyst Rating Coverage
RBC Capital (Rank#3) on Thursday June 15th issued a research report on Tesla’s stock, and raised its 12 month target price forecast for Tesla. The analyst’s previous target price was USD 212, and was raised considerably to the new target price of USD 305 per share. This upward revision in the target price indicates RBC’s increased optimism about Tesla’s future performance and growth prospects.
The decision to raise the target price is influenced by various factors, including Tesla’s financial performance, market conditions, technological advancements, and the overall growth potential of the electric vehicle industry. RBC’s updated target price suggests that they believe Tesla is well-positioned to capitalize on these factors and continue its upward trajectory.
TSLA Stock Price Forecast & Analysis
According to the stock forecast compiled from the analysis of 48 analysts, the average target price for Tesla Inc over the next 12 months is USD 208.28. This indicates that, on average, analysts expect the stock to experience a decrease from its current price level. However, the average analyst rating for Tesla Inc is classified as a “Buy” rating, suggesting a positive outlook for the company’s future performance.
Stock Target Advisor’s own analysis of Tesla Inc’s stock and classified it as Slightly Bullish. This classification is based on evaluating 10 positive signals and 5 negative signals associated with the company. These signals may include factors such as financial performance, market conditions, industry trends, and technological advancements.
At the last closing, Tesla Inc’s stock price stood at USD 256.79. This price reflects the value at which the stock was last traded on the market. It’s important to note that stock prices are subject to fluctuations and can be influenced by various factors, including market sentiment, investor activity, and company-specific news.
Over the past week, Tesla Inc’s stock price has experienced a significant increase of +14.35%. In the past month, the stock has seen a substantial rise of +52.87%. Looking at the stock’s performance over the last year, it has witnessed a positive change of +16.25%.
