Cut, Raise, Maintain? Check Tesla's Investment Banks' Targets
$Tesla Motors(TSLA)$ 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.
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- IsidoreJeames·04-03😊LikeReport