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Tesla (TSLA) Stock Forecast & Price Target

$179.24
+5.50 (+3.17%)
(As of 05/24/2024 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 33 Analyst Ratings

Consensus Price Target

$185.90
3.71% Upside
High Forecast$310.00
Average Forecast$185.90
Low Forecast$85.00
TypeCurrent Forecast
5/27/23 to 5/26/24
1 Month Ago
4/27/23 to 4/26/24
3 Months Ago
2/26/23 to 2/26/24
1 Year Ago
5/27/22 to 5/27/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
9 Buy rating(s)
8 Buy rating(s)
9 Buy rating(s)
16 Buy rating(s)
Hold
17 Hold rating(s)
16 Hold rating(s)
18 Hold rating(s)
15 Hold rating(s)
Sell
7 Sell rating(s)
7 Sell rating(s)
8 Sell rating(s)
4 Sell rating(s)
Consensus Price Target$185.90$186.70$219.89$201.25
Forecasted Upside3.71% Upside9.74% Upside4.54% Upside12.65% Upside
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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.
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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.
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Tesla Stock vs. The Competition

TypeTeslaAuto/Tires/Trucks CompaniesS&P 500
Consensus Rating Score
2.06
2.44
2.49
Consensus RatingHoldHoldHold
Predicted Upside3.71% Upside298.79% Upside9.93% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/2/2024Cantor Fitzgerald
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 Initiated CoverageOverweight$230.00+27.78%
4/29/2024Evercore ISI
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 Lower TargetIn-Line ➝ In-Line$155.00 ➝ $145.00-22.38%
4/29/2024Wedbush
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 Reiterated RatingOutperform ➝ Outperform$275.00+63.41%
4/25/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetHold ➝ Hold$123.00 ➝ $136.00-17.44%
4/24/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$180.00 ➝ $182.00+12.87%
4/24/2024HSBC
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 Lower TargetReduce ➝ Reduce$138.00 ➝ $120.00-25.58%
4/24/2024UBS Group
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 Lower TargetNeutral ➝ Neutral$160.00 ➝ $147.00-8.46%
4/24/2024Royal Bank of Canada
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 Lower TargetOutperform ➝ Outperform$294.00 ➝ $293.00+81.92%
4/24/2024Roth Mkm
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 Reiterated RatingNeutral ➝ Neutral$85.00 ➝ $85.00-41.25%
4/24/2024Canaccord Genuity Group
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 Lower TargetBuy ➝ Buy$234.00 ➝ $222.00+53.44%
4/24/2024Needham & Company LLC
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 Reiterated RatingHold
4/24/2024Mizuho
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 Lower TargetNeutral ➝ Neutral$195.00 ➝ $180.00+24.41%
4/24/2024Oppenheimer
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 Reiterated RatingMarket Perform ➝ Market Perform
4/24/2024Truist Financial
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 Lower TargetHold ➝ Hold$176.00 ➝ $162.00+11.97%
4/24/2024Bank of America
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 UpgradeNeutral ➝ Buy$220.00+52.06%
4/23/2024Guggenheim
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 Reiterated RatingSell ➝ Sell$122.00 ➝ $122.00-16.28%
4/22/2024Piper Sandler
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 Reiterated RatingOverweight ➝ Overweight$205.00 ➝ $205.00+45.08%
4/17/2024Robert W. Baird
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 Reiterated RatingOutperform ➝ Outperform$280.00+78.58%
4/17/2024Barclays
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 Lower TargetEqual Weight ➝ Equal Weight$225.00 ➝ $180.00+14.42%
4/12/2024Wells Fargo & Company
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 Lower TargetUnderweight ➝ Underweight$125.00 ➝ $120.00-31.27%
4/10/2024Jefferies Financial Group
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 Lower TargetHold ➝ Hold$185.00 ➝ $165.00-6.72%
4/9/2024The Goldman Sachs Group
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 Lower TargetNeutral ➝ Neutral$190.00 ➝ $175.00+1.17%
4/4/2024Morgan Stanley
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 Lower TargetOverweight ➝ Overweight$320.00 ➝ $310.00+84.11%
4/3/2024JPMorgan Chase & Co.
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 Lower TargetUnderweight ➝ Underweight$130.00 ➝ $115.00-30.98%
3/26/2024Sanford C. Bernstein
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 Lower TargetUnderperform ➝ Underperform$150.00 ➝ $120.00-30.49%
2/26/2024China Renaissance
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 Initiated CoverageHold
2/6/2024Daiwa Capital Markets
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 DowngradeOutperform ➝ Neutral$245.00 ➝ $195.00+7.70%
1/26/2024Edward Jones
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 DowngradeBuy ➝ Hold
1/25/2024TD Cowen
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 Lower TargetMarket Perform$200.00 ➝ $180.00-13.39%
1/25/2024KGI Securities
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 Reiterated RatingOutperform ➝ Neutral$309.00 ➝ $213.00+2.49%
1/24/2024Redburn Atlantic
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 Initiated CoverageSell$170.00-18.71%
6/23/2023DZ Bank
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 DowngradeBuy ➝ Sell$210.00-20.64%
4/20/2023Tudor, Pickering, Holt & Co.
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 DowngradeHold ➝ Sell
4/20/2023Tudor Pickering
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 DowngradeHold ➝ Sell
3/13/2023Wolfe Research
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 DowngradeOutperform ➝ Peer Perform
3/8/2023Berenberg Bank
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 DowngradeBuy ➝ Hold$200.00 ➝ $210.00+11.87%
1/27/2023Argus
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Bill Selesky
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Lower TargetBuy$374.00 ➝ $257.00+58.02%
1/26/2023Cowen
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 Boost TargetMarket Perform$122.00 ➝ $140.00-3.07%
11/8/2022Global Equities Research
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 Reiterated RatingBuy
10/20/2022Cowen
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 Lower TargetMarket Perform$244.00 ➝ $205.00-3.35%
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10/20/2022Roth Capital
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 Boost TargetNeutral$83.33 ➝ $85.00-59.92%
8/22/2022Loop Capital
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 Boost Target$33.33-88.44%
7/19/2022Credit Suisse Group
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Dan Levy
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Reiterated RatingOutperform$333.33+38.57%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 11:33 PM ET.

TSLA Frequently Asked Questions

What is Tesla's stock forecast and purchase recommendation?

According to the research reports of 33 Wall Street equities research analysts, the average twelve-month stock price forecast for Tesla is $185.90, with a high forecast of $310.00 and a low forecast of $85.00. The consensus rating for Tesla stock is Hold based on the current 7 sell ratings, 17 hold ratings and 9 buy ratings for TSLA. Learn more on TSLA's analyst rating history.

Do Wall Street analysts like Tesla more than its competitors?

Analysts like Tesla less than other "auto/tires/trucks" companies. The consensus rating score for Tesla is 2.06 while the average consensus rating score for "auto/tires/trucks" companies is 2.44. Learn more on how TSLA compares to other companies.

Is Tesla being upgraded or downgraded by Wall Street analysts?

Over the previous 90 days, Tesla's stock had 2 downgrades and 1 upgrade by analysts.

Does Tesla's stock price have much upside?

According to analysts, Tesla's stock has a predicted upside of 8.28% based on their 12-month stock forecasts.


Stock Forecasts and Research Tools

This page (NASDAQ:TSLA) was last updated on 5/26/2024 by MarketBeat.com Staff

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