Wedbush Cuts Tesla and Apple Targets
On Sunday, Wedbush Securities (Analyst Rank #29) analyst Dan Ives, who has been a long-time bullish advocate for Tesla (TSLA), made a significant downward revision to his price target for the electric vehicle maker. He slashed his target to $315 from $550 per share. The primary reasons cited for this drastic cut were concerns surrounding the impact of Trump-era tariffs and ongoing challenges with Tesla’s brand image. The tariffs, which have impacted manufacturing costs and international trade, as well as some negative sentiment surrounding the company’s brand perception, were major contributing factors to the reduced forecast.
In addition to the Tesla target downgrade, Ives also lowered his price target for Apple (AAPL), trimming it to $250, down from $325 per share. Despite both of these significant reductions in price targets, Ives maintains an optimistic outlook on the overall performance of both companies. Both Tesla and Apple remain stocks he believes will rise in value over time, as reflected by the continued “Buy” ratings on both companies. However, the revisions are a signal of caution due to macroeconomic challenges, including tariff-related pressures and certain company-specific hurdles that are making their stock performance more volatile in the short term.
Stock Forecast & Analysis
Apple Inc. has an average target price of $245.61 over the next 12 months, based on the forecasts of 25 analysts. Its average rating is “Buy.” Stock Target Advisor’s analysis is “Bullish,” with 14 positive signals and 4 negative signals. Currently, Apple’s stock price stands at $188.38, reflecting a -13.55% drop in the past week, a -20.09% decrease in the past month, and an +11.09% increase over the past year.
Tesla Inc. has an average target price of $310.39 over the next 12 months, according to 40 analysts, with a “Buy” rating. Stock Target Advisor’s analysis is “Slightly Bullish,” based on 9 positive signals and 7 negative signals. Tesla’s stock price closed at $239.43, showing a -9.15% decline over the past week, a -14.21% drop over the past month, and a +45.20% increase over the last year.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
