Key Takeaways:
- Tesla's stock faces pressure due to declining sales and concerns over CEO Elon Musk.
- Analyst consensus projects an average price target with a slight downside risk.
- GuruFocus estimates suggest Tesla is overvalued as per its GF Value metric.
Tesla (TSLA, Financial) stock has been experiencing considerable pressure lately, primarily due to declining sales figures and growing apprehensions about CEO Elon Musk's external engagements, which some fear may overshadow his leadership at the company. Despite this investor unease, Tesla's board continues to back Musk. His significant ownership stake ensures that his influence within the company remains robust.
Wall Street Analysts Forecast
According to the one-year price targets set by 43 analysts, the average target price for Tesla Inc (TSLA, Financial) sits at $294.34. The projections range from a high of $500.00 to a low of $19.05. This average target suggests a potential downside of 4.94% from the current trading price of $309.65. Investors can find more comprehensive estimate data on the Tesla Inc (TSLA) Forecast page.
Brokerage Recommendations
The consensus recommendation from 53 brokerage firms places Tesla Inc (TSLA, Financial) at an average brokerage recommendation of 2.7, which indicates a "Hold" status. This rating is based on a scale from 1 to 5, with 1 representing a Strong Buy and 5 indicating a Sell.
GuruFocus GF Value Analysis
Based on GuruFocus estimates, Tesla Inc (TSLA, Financial) has an estimated GF Value of $269.28 over the next year. This figure implies a downside of 13.04% from its current market price of $309.65. The GF Value represents GuruFocus' estimation of the fair market price at which the stock should ideally trade. This is calculated using historical trading multiples, past business growth, and future performance projections. Detailed data and insights can be explored on the Tesla Inc (TSLA) Summary page.
