Analyst Coverage Change
Wedbush Securities(Rank#32) and RBC(Rank#2) recently released reports on Tesla Inc, both maintaining an “Outperform” rating for the company. Wedbush Securities has raised the target price range from USD 200 to USD 225, while RBC has bumped the target from USD 186 to USD 223. These reports were both published on February 6, 2023.
An “Outperform” rating indicates that the company is expected to perform better than the market average, and both Wedbush Securities and RBC believe that Tesla will now outperform the market in the near future.
TSLA Stock Price Forecast & Analysis
Tesla Inc is currently experiencing a bullish trend in the stock market, as evidenced by its stock price increase of 6.79% over the past week and 72.18% over the past month. This positive trend is reflected in the average analyst target price of USD 254.88 over the next 12 months, with 44 analysts giving the electric vehicle maker a “Strong Buy” rating.
Stock Target Advisor’s own analysis of Tesla Inc’s stock is slightly bullish, with 10 positive signals and 5 negative signals. Despite the stock price decrease of 38.27% over the last year, the positive outlook for Tesla Inc suggests that the company is poised for growth and potentially more favorable stock performance in the future.
Investors and analysts alike are bullish on Tesla’s future prospects due to the company’s strong brand recognition, increasing demand for electric vehicles, and expanding product offerings beyond cars to include energy solutions and self-driving technology. With a focus on sustainability and innovation, Tesla has become a leading player in the transition towards a more sustainable future.
Overall, the outlook for Tesla Inc is optimistic, and the company is expected to continue to perform well in the stock market.
FA Score (Fundamental Analysis):
The fundamental analysis of Tesla’s stock is “Bullish” with a FA score of 6.7 out of 10, where 10 is very bullish. The Crowd Rating on the stock is a “Strong buy” with a Crowd Target of $318 per share of a 12 month period.