Tesla (TSLA) Stock Forecast & Price Target

$352.56 +12.92 (+3.80%)

(As of 11/22/2024 ET)

Tesla - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 39 Analyst Ratings

Sell
9

Hold
16

Buy
14

Based on 39 Wall Street analysts who have issued ratings for Tesla in the last 12 months, the stock has a consensus rating of "Hold." Out of the 39 analysts, 9 have given a sell rating, 16 have given a hold rating, and 14 have given a buy rating for TSLA.

Consensus Price Target

$230.18
-34.71% Downside

According to the 39 analysts' twelve-month price targets for Tesla, the average price target is $230.18. The highest price target for TSLA is $400.00, while the lowest price target for TSLA is $24.86. The average price target represents a forecasted downside of -34.71% from the current price of $352.56.

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TSLA Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	14 Buy rating(s)	14 Buy rating(s)	11 Buy rating(s)	12 Buy rating(s)
Hold	16 Hold rating(s)	16 Hold rating(s)	17 Hold rating(s)	16 Hold rating(s)
Sell	9 Sell rating(s)	8 Sell rating(s)	8 Sell rating(s)	7 Sell rating(s)
Consensus Price Target	$230.18	$219.00	$204.21	$233.87
Forecasted Upside	-34.71% Downside	-18.65% Downside	-4.22% Downside	-0.67% Downside
Consensus Rating	Hold	Hold	Hold	Hold

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TSLA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TSLA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Tesla Stock vs. The Competition

Type	Tesla	Auto/Tires/Trucks Companies	S&P 500
Consensus Rating Score	2.13	2.50	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-34.71% Downside	269.12% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent TSLA News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/18/2024	Wedbush 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$400.00 ➝ $400.00	+15.85%
11/15/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$249.00 ➝ $313.00	-1.99%
11/14/2024	Jefferies Financial Group 2 of 5 stars		Boost Target	Hold ➝ Hold	$195.00 ➝ $300.00	-9.16%
11/13/2024	Phillip Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Woo Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Moderate Sell ➝ Strong Sell
11/7/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$265.00 ➝ $350.00	+17.46%
10/29/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$220.00 ➝ $235.00	-10.48%
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10/25/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$265.00 ➝ $287.00	+7.98%
10/25/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$310.00 ➝ $315.00	+19.79%
10/24/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$153.00 ➝ $156.00	-39.81%
10/24/2024	KGI Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Liang Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$276.00	+8.27%
10/24/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$254.00 ➝ $278.00	+30.12%
10/24/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$130.00 ➝ $135.00	-36.81%
10/24/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
10/24/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$120.00 ➝ $125.00	-41.49%
10/24/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$236.00 ➝ $238.00	+11.40%
10/24/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$230.00 ➝ $250.00	+17.01%
10/23/2024	Cantor Fitzgerald Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Sheppard Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Neutral	$245.00 ➝ $245.00	+13.72%
10/17/2024	Glj Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sell ➝ Sell	$24.86 ➝ $24.86	-88.77%
10/11/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$85.00 ➝ $85.00	-61.34%
10/11/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reduce ➝ Reduce	$124.00 ➝ $124.00	-43.61%
10/8/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
10/3/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$310.00 ➝ $310.00	+29.51%
10/3/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Underperform ➝ Underperform	$120.00 ➝ $120.00	-51.81%
9/10/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$295.00	+36.40%
9/5/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Rosner Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
8/29/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Dorsheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform
8/20/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$280.00 ➝ $280.00	+24.44%
7/26/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Selesky Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$286.00 ➝ $286.00	+29.85%
7/24/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$274.00 ➝ $258.00	+4.72%
7/24/2024	New Street Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Ferragu Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$225.00	-8.68%
7/12/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$180.00 ➝ $230.00	-4.58%
7/12/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Spak Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Sell	$147.00 ➝ $197.00	-18.27%
7/5/2024	China Renaissance Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$290.00	+17.70%
7/3/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$160.00 ➝ $180.00	-26.95%
4/29/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$155.00 ➝ $145.00	-22.38%
2/6/2024	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$245.00 ➝ $195.00	+7.70%
1/26/2024	Edward Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
1/24/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$170.00	-18.71%
6/23/2023	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Sell	$210.00	-20.64%
4/20/2023	Tudor, Pickering, Holt & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Sell
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4/20/2023	Tudor Pickering Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Sell
3/8/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$200.00 ➝ $210.00	+11.87%
1/26/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	$122.00 ➝ $140.00	-3.07%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:18 AM ET.

Should I Buy Tesla Stock? TSLA Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 21, 2024. Please send any questions or comments about these Tesla pros and cons to contact@marketbeat.com.

Tesla
Bull Case

Here are some ways that investors could benefit from investing in Tesla:

Tesla's stock is currently priced at $343.08, reflecting strong market interest and potential for growth, especially given its recent performance and market capitalization of $1.10 trillion.
The company reported a quarterly earnings per share (EPS) of $0.72, surpassing analyst expectations of $0.58, indicating robust financial health and operational efficiency.
Recent analyst ratings show a positive outlook, with firms like Royal Bank of Canada raising their price target to $313.00, suggesting confidence in Tesla's future performance.
Tesla's revenue for the latest quarter was $25.18 billion, demonstrating a year-over-year growth of 7.8%, which is a positive indicator of the company's expanding market presence.
Insider ownership remains significant at 20.70%, which can be a positive signal for investors as it suggests that those with the most knowledge about the company have a vested interest in its success.

Tesla
Bear Case

Investors should be bearish about investing in Tesla for these reasons:

Insider selling has been notable, with significant transactions such as a director selling 100,000 shares at an average price of $346.02, which may raise concerns about the company's future prospects.
The stock has a high price-to-earnings (P/E) ratio of 93.71, which could indicate that it is overvalued compared to its earnings, making it a riskier investment.
Despite recent growth, Tesla's revenue fell short of analyst estimates by approximately $290 million, which could signal potential challenges in meeting future expectations.
The company has a beta of 2.29, indicating higher volatility compared to the market, which means that investors may face greater risks with price fluctuations.
With nine analysts rating the stock as a sell, there is a significant level of skepticism in the market, which could impact investor confidence and stock performance.

TSLA Forecast - Frequently Asked Questions

: According to the research reports of 39 Wall Street equities research analysts, the average twelve-month stock price forecast for Tesla is $230.18, with a high forecast of $400.00 and a low forecast of $24.86.
: 39 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tesla in the last year. There are currently 9 sell ratings, 16 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TSLA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TSLA, but not buy additional shares or sell existing shares.
: According to analysts, Tesla's stock has a predicted downside of -34.71% based on their 12-month stock forecasts.
: Over the previous 90 days, Tesla's stock had 2 upgrades and 1 downgrade by analysts.
: Tesla has been rated by research analysts at Bank of America, Barclays, Canaccord Genuity Group, Canaccord Genuity Group, Cantor Fitzgerald, Deutsche Bank Aktiengesellschaft, Glj Research, Guggenheim, HSBC, Jefferies Financial Group, JPMorgan Chase & Co., KGI Securities, Morgan Stanley, Needham & Company LLC, Oppenheimer, Phillip Securities, Piper Sandler, Roth Mkm, Royal Bank of Canada, Sanford C. Bernstein, Stifel Nicolaus, The Goldman Sachs Group, Truist Financial, Wedbush, Wells Fargo & Company, William Blair, and Wolfe Research in the past 90 days.
: Analysts like Tesla less than other "auto/tires/trucks" companies. The consensus rating score for Tesla is 2.13 while the average consensus rating score for "auto/tires/trucks" companies is 2.50. Learn more on how TSLA compares to other companies.

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This page (NASDAQ:TSLA) was last updated on 11/24/2024 by MarketBeat.com Staff

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Tesla (TSLA) Stock Forecast & Price Target