Cut, Raise, Maintain? Check Tesla's Investment Banks' Targets

Ryan_Z0528
04-03

$Tesla Motors(TSLA)$ witnessed a historic steep decline in its first-quarter delivery volume. Many investment banks have recently turned bearish on the $Tesla Motors(TSLA)$ stock price.

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  • In this wave of bearish sentiment, JP Morgan's price target for $Tesla Motors(TSLA)$ is $130

  • Citi analyst Itay Michaeli on Wednesday lowered the firm's price target on Tesla to $196, down from $224, and maintained a neutral rating on the shares.

  • Deutsche Bank has reduced its target price for Tesla from $218 to $200. while maintaining a Buy rating on the electric vehicle manufacturer's stock.

However, Goldman Sachs and Morgan Stanley are among the few bullish voices. Goldman Sachs forcast $Tesla Motors(TSLA)$ 12m price target at $190, an 8.4% upside from $175.22

Morgan Stanley‘s target price for $Tesla Motors(TSLA)$ is $320

Additionally, there are institutions maintaining their target price for Tesla unchanged: RBC Capital maintained its Outperform rating on $Tesla Motors(TSLA)$ with a consistent price target of $290.00.

Based on 35 Wall Street analysts offering 12 month price targets for Tesla in the last 3 months. The average price target is $198.72 with a high forecast of $320.00 and a low forecast of $23.53. The average price target represents a 19.26% change from the last price of $166.63.

At What Price Would You Bottom Tesla?
Tesla lost 5% yesterday. It delivered 386,810 vehicles in Q1 against the estimated 449,080, according to Bloomberg consensus. Cathie Wood's ARK adds more Tesla stock. -------------- At what price will you bottom Tesla? Will you buy Tesla at $150 or lower?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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