GLJ Research has adjusted its outlook on Tesla (TSLA, Financial), lowering the year-end price target to $19.05 from a previous estimate of $24.86. The firm maintains a Sell rating on the electric vehicle maker's shares.
Expectations for Tesla's first-quarter financial results have also been revised. The firm predicts revenue will reach $19.6 billion and non-GAAP earnings per share (EPS) will be 25 cents. These figures fall short of the broader market consensus, which anticipates $21.5 billion in revenue and 44 cents in EPS.
Looking ahead to fiscal year 2025, GLJ Research projects Tesla's revenue to hit $80.4 billion with a non-GAAP EPS of $1.27. These projections are significantly below market expectations, which foresee revenue of $107 billion and EPS of $2.64.
The firm has expressed concerns regarding current consensus estimates, indicating that they might be overly optimistic, especially concerning Tesla's Q1 EPS.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 44 analysts, the average target price for Tesla Inc (TSLA, Financial) is $305.34 with a high estimate of $465.70 and a low estimate of $24.86. The average target implies an upside of 26.50% from the current price of $241.37. More detailed estimate data can be found on the Tesla Inc (TSLA) Forecast page.
Based on the consensus recommendation from 54 brokerage firms, Tesla Inc's (TSLA, Financial) average brokerage recommendation is currently 2.7, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Tesla Inc (TSLA, Financial) in one year is $289.51, suggesting a upside of 19.94% from the current price of $241.37. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Tesla Inc (TSLA) Summary page.
