{"id":46760,"date":"2024-03-07T08:15:40","date_gmt":"2024-03-07T08:15:40","guid":{"rendered":"https:\/?p=46760"},"modified":"2024-03-07T08:15:40","modified_gmt":"2024-03-07T08:15:40","slug":"teslas-2024-forecast-dims-analyst-cuts-earnings-price-target","status":"publish","type":"post","link":"https:\/\/www.stocktargetadvisor.com\/blog\/teslas-2024-forecast-dims-analyst-cuts-earnings-price-target\/","title":{"rendered":"Tesla&#8217;s 2024 Forecast Dims: Analyst Cuts Earnings, Price Target"},"content":{"rendered":"<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.stocktargetadvisor.com\/stock\/USA\/NSD\/TSLA\"><strong>Tesla Inc (TSLA: NSD<\/strong><\/a>) stock price has gotten off to a rough start in 2024, down 29% year-to-date, and the woes continue as a prominent analyst trims their price target on the stock.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Morgan Stanley Analyst Cuts Tesla Price Target:<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Morgan Stanley analyst Adam Jonas lowered his price target for Tesla, citing concerns about both demand and the company&#8217;s margins. Jonas trimmed TSLA\u2019s price target to $320 from $345 per share but reiterated a Buy rating on the stock.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Jonas also reduced his earnings forecast for the electric vehicle maker for 2024. This analyst downgrade comes amidst a broader market sell-off that has impacted growth stocks, including Tesla. Investors are increasingly wary of valuations in a rising interest rate environment.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\"><strong>Stock Target Advisor\u2019s Analysis on Tesla:<\/strong>\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.stocktargetadvisor.com\/\"><strong>Stock Target Advisor<\/strong><\/a> gives Tesla a buy rating and pegs it at a promising target price of $280.13, forecasting an impressive price change of 58.67% in the next 12 months.<\/span><\/p>\n<p><!-- STA Widget BEGIN --><\/p>\n<div>\n<div class=\"sta-analyst-rating-widget-display\">\n<p><a style=\"text-decoration: none; color: #4b6db5 !important;\" href=\"https:\/\/www.stocktargetadvisor.com\/stock\/USA\/NSD\/TSLA\" target=\"_blank\" rel=\"noopener\">TSLA Ratings<\/a> by Stock Target Advisor<\/p>\n<\/div>\n<p><script class=\"analyst-rating\" type=\"text\/javascript\" src=\"https:\/\/www.stocktargetadvisor.com\/assets\/js\/analyst_rating_widget.js\" data-symbol=\"TSLA\" data-theme=\"wt_bg_trans\" data-uid=\"92108306965e96c302732665e96c3027327\" data-width=\"700\" >\n\t\t<\/script><\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Tesla has caught the attention of 25 analysts offering coverage, the average analyst target price for Tesla currently stands at USD 260.64.\u00a0 Stock Target Advisor\u2019s analytics shows a slightly bullish trend with a scattergun of 9 positive and 5 negative signals.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tesla\u2019s last closing price was recorded at USD 176.54 with substantial weekly, monthly, and yearly stock price changes projected.\u00a0 The <strong><a href=\"https:\/\/www.stocktargetadvisor.com\/screens\/industries\/Auto%20Manufacturers\">auto manufacturers<\/a><\/strong> sector on the NSD Exchange holds a slightly bullish average analyst rating complemented by Stock Target Advisor&#8217;s rating. Returns for stocks in this sector are also relatively steady over one week and one month.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Conclusion:<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">It remains to be seen how these challenges will impact Tesla&#8217;s stock price in the coming months. The company will need to address investor concerns about demand and profitability to regain momentum.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla Inc (TSLA: NSD) stock price has gotten off to a rough start in 2024, down 29% year-to-date, and the woes continue as a prominent&#8230;<\/p>\n","protected":false},"author":17,"featured_media":41105,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-46760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.4 (Yoast SEO v21.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tesla&#039;s 2024 Forecast Dims: Analyst Cuts Earnings, Price Target<\/title>\n<meta name=\"description\" content=\"Tesla stock falls as Morgan Stanley cuts price target on demand &amp; margin concerns. 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