- J.P. Morgan's revised earnings estimates cause Tesla (TSLA, Financial) shares to decline.
- Current analyst consensus maintains a "Hold" rating for Tesla.
- GuruFocus projects a moderate upside for Tesla over the next year.
Tesla's stock experienced a notable drop in early trading sessions after J.P. Morgan revised its earnings projections, reflecting concerns over declining sales trends and perceived brand challenges. The financial institution adjusted its Q1 EPS forecast to $0.36, down from a previous estimate of $0.40, and upheld its 'Underweight' status on the stock. Consequently, Tesla shares fell 5.3%, settling at a price of $253.06.
Wall Street Analysts' Forecast
Analyzing price targets from 44 analysts over the upcoming year, the average target for Tesla Inc (TSLA, Financial) stands at $318.48, with projections spanning from a high of $550.00 to a low of $24.86. This average target suggests a potential upside of 19.16% from the current trading price of $267.28. For further insights and detailed data, visit the Tesla Inc (TSLA) Forecast page.
Brokerage Recommendation
Among 54 brokerage firms, the average recommendation for Tesla Inc's (TSLA, Financial) stands at 2.7, equating to a "Hold" rating. This rating is determined on a scale from 1 to 5, where a score of 1 signifies a Strong Buy and 5 indicates a Sell.
GuruFocus Valuation
According to GuruFocus estimates, the projected GF Value for Tesla Inc (TSLA, Financial) over the next year is $295.29, indicating a potential upside of 10.48% from its current price of $267.28. The GF Value represents an estimation of the stock's fair trading value, deduced from historical trading multiples, business growth trajectories, and projected future performance metrics. For a comprehensive analysis, visit the Tesla Inc (TSLA) Summary page.
