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Tesla (TSLA) Stock Forecast & Price Target

$252.94
+1.42 (+0.56%)
(As of 07/8/2024 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

Consensus Price Target

$192.71
-23.81% Downside
High Forecast$310.00
Average Forecast$192.71
Low Forecast$85.00
TypeCurrent Forecast
7/10/23 to 7/9/24
1 Month Ago
6/10/23 to 6/9/24
3 Months Ago
4/11/23 to 4/10/24
1 Year Ago
7/10/22 to 7/10/23
Consensus Rating
Hold
Hold
Reduce
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
12 Buy rating(s)
9 Buy rating(s)
8 Buy rating(s)
13 Buy rating(s)
Hold
16 Hold rating(s)
17 Hold rating(s)
15 Hold rating(s)
17 Hold rating(s)
Sell
6 Sell rating(s)
7 Sell rating(s)
9 Sell rating(s)
5 Sell rating(s)
Consensus Price Target$192.71$185.90$199.59$217.06
Forecasted Upside-23.81% Downside8.28% Upside4.48% Upside1.49% 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
2.18
2.47
2.50
Consensus RatingHoldHoldModerate Buy
Predicted Upside-23.81% Downside340.33% Upside12.00% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/5/2024China Renaissance
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 UpgradeHold ➝ Buy$290.00+17.70%
7/3/2024TD Cowen
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 Boost TargetHold ➝ Hold$160.00 ➝ $180.00-26.95%
7/3/2024Canaccord Genuity Group
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 Boost TargetBuy ➝ Buy$222.00 ➝ $254.00+5.31%
7/3/2024Wedbush
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 Boost TargetOutperform ➝ Outperform$275.00 ➝ $300.00+29.72%
7/3/2024Truist Financial
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 Reiterated RatingHold ➝ Hold$162.00 ➝ $162.00-29.95%
7/3/2024The Goldman Sachs Group
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 Reiterated RatingNeutral ➝ Neutral$175.00 ➝ $175.00-24.33%
7/3/2024Guggenheim
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 Boost TargetSell ➝ Sell$126.00 ➝ $134.00-42.06%
7/2/2024Oppenheimer
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 Reiterated RatingMarket Perform
7/1/2024Cantor Fitzgerald
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 Reiterated RatingOverweight ➝ Overweight$230.00 ➝ $230.00+9.58%
7/1/2024Wells Fargo & Company
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 Reiterated RatingUnderweight ➝ Underweight$120.00 ➝ $120.00-40.28%
6/25/2024Stifel Nicolaus
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 Initiated CoverageBuy$265.00+41.45%
6/25/2024New Street Research
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 Reiterated RatingBuy ➝ Buy$235.00 ➝ $235.00+26.88%
6/20/2024Morgan Stanley
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 Reiterated RatingOverweight ➝ Overweight$310.00 ➝ $310.00+69.72%
6/20/2024Royal Bank of Canada
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 Lower TargetOutperform ➝ Outperform$293.00 ➝ $227.00+24.54%
6/12/2024Citigroup
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 Reiterated RatingNeutral
6/10/2024Sanford C. Bernstein
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 Reiterated RatingUnderperform ➝ Underperform$120.00 ➝ $120.00-32.39%
4/29/2024Evercore ISI
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 Lower TargetIn-Line ➝ In-Line$155.00 ➝ $145.00-22.38%
4/25/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetHold ➝ Hold$123.00 ➝ $136.00-17.44%
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%
4/24/2024Roth Mkm
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 Reiterated RatingNeutral ➝ Neutral$85.00 ➝ $85.00-41.25%
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%
4/24/2024Bank of America
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 UpgradeNeutral ➝ Buy$220.00+52.06%
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%
4/10/2024Jefferies Financial Group
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 Lower TargetHold ➝ Hold$185.00 ➝ $165.00-6.72%
4/3/2024JPMorgan Chase & Co.
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 Lower TargetUnderweight ➝ Underweight$130.00 ➝ $115.00-30.98%
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
1/25/2024KGI 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%
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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%
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 Tuesday at 06:06 AM ET.

TSLA Forecast - Frequently Asked Questions

What is Tesla's forecast for 2024?

According to the research reports of 34 Wall Street equities research analysts, the average twelve-month stock price forecast for Tesla is $192.71, with a high forecast of $310.00 and a low forecast of $85.00.

Should I buy or sell Tesla stock right now?

34 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tesla in the last twelve months. There are currently 6 sell ratings, 16 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street 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.

Does Tesla's stock price have much upside?

According to analysts, Tesla's stock has a predicted upside of 1.73% based on their 12-month stock forecasts.

Has Tesla been upgraded or downgraded by Wall Street analysts recently?

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

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 2.18 while the average consensus rating score for "auto/tires/trucks" companies is 2.47. Learn more on how TSLA compares to other companies.


This page (NASDAQ:TSLA) was last updated on 7/9/2024 by MarketBeat.com Staff

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