Summary:
- Tesla's stock sees an 8% boost following CEO Elon Musk’s renewed focus despite a lackluster Q1.
- Analysts forecast a potential upside of 18.36%, with a broad range of price targets for TSLA.
- The consensus recommendation indicates a "Hold" status, reflecting mixed investor sentiment.
Tesla (TSLA, Financial) shares experienced a notable surge of 8% as CEO Elon Musk reassured investors about his intensified commitment to the company, despite its underwhelming performance in the first quarter. Musk continues to express confidence in Tesla's future, particularly regarding its ambitious robotaxi and AI initiatives. However, on a year-to-date basis, Tesla's stock remains down by 37%.
Wall Street Analysts Forecast
According to an analysis of one-year price targets from 44 analysts, the average target price for Tesla Inc (TSLA, Financial) stands at $296.76. This target incorporates a high estimate of $465.70 and a low estimate of $19.05. The average target price signals a potential upside of 18.36% from the current market price of $250.73. For further exploration of these estimates, investors can visit the Tesla Inc (TSLA) Forecast page.
The consensus from 54 brokerage firms places Tesla Inc's (TSLA, Financial) average brokerage recommendation at 2.7, marking a "Hold" status. This rating system ranges from 1 to 5, where 1 reflects a Strong Buy and 5 signifies a Sell recommendation.
GuruFocus' estimates suggest the estimated GF Value for Tesla Inc (TSLA, Financial) is $287.46 over the next year, indicating an upside potential of 14.65% from the current market price of $250.73. The GF Value is a proprietary calculation by GuruFocus that determines the fair trading value of a stock. It incorporates historical trading multiples, past business growth, and future performance estimates. More in-depth data and insights can be accessed via the Tesla Inc (TSLA) Summary page.
