- Tesla's Relative Strength Indicator suggests the stock might be overbought, pointing to potential price corrections.
- Analysts present a mixed outlook, with the average price target indicating a possible downside from current levels.
- GuruFocus estimates underscore a significant evaluation gap compared to Tesla's current trading price.
Tesla Inc. (TSLA, Financial) is currently witnessing a buzz in the stock market, with its Relative Strength Indicator (RSI) reaching 71.4. This technical indicator can signal that a stock is overbought, suggesting potential price declines. Notably, Tesla's price has exceeded the upper Bollinger Band, reinforcing this signal. Although the electric vehicle giant's recent uptrend has trimmed its year-to-date losses to 15%, analyst recommendations remain diverse.
Wall Street Analysts: Varied Projections
According to the consensus forecasts from 44 analysts, Tesla Inc.'s (TSLA, Financial) average one-year price target is $283.81. This figure is quite telling, as it indicates a potential decline of 18.40% from its current trading price of $347.79. Analyst estimates vary widely, with projections ranging from a low of $19.05 to a high of $452.00. Investors can explore detailed estimate data for a deeper understanding.
The consensus from 54 brokerage firms paints a "Hold" picture for Tesla, with the average brokerage recommendation standing at 2.7 on a scale where 1 represents a Strong Buy and 5 signifies a Sell. This mixed sentiment reflects the cautious stance that many experts are taking.
GuruFocus Valuation Insights
GuruFocus provides its own valuation perspective through the GF Value estimate, pegging Tesla Inc.'s (TSLA, Financial) fair value at $269.13 one year from now. This suggests a potential downside of 22.62% compared to the current market price. The GF Value is a proprietary metric designed to reflect the stock's fair trading value based on historical trading multiples, past business growth, and projected business performance. Interested investors can delve into more comprehensive data on the Tesla Inc. (TSLA) Summary page.
