Tesla (TSLA) Stock Forecast & Price Target

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$248.48

-4.70 (-1.86%)

(As of 12/29/2023 ET)

Tesla Consensus Analyst Rating 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.

Analysts' Consensus Rating

Hold
Based on 33 Analyst Ratings

Analysts' Consensus Price Target

$234.24
-5.73% Downside

High Forecast	$380.00
Average Forecast	$234.24
Low Forecast	$85.00

Type	Current Forecast 12/31/22 to 12/31/23	1 Month Ago 12/1/22 to 12/1/23	3 Months Ago 10/2/22 to 10/2/23	1 Year Ago 12/31/21 to 12/31/22
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	12 Buy rating(s)	12 Buy rating(s)	13 Buy rating(s)	17 Buy rating(s)
Hold	14 Hold rating(s)	16 Hold rating(s)	17 Hold rating(s)	12 Hold rating(s)
Sell	7 Sell rating(s)	7 Sell rating(s)	6 Sell rating(s)	5 Sell rating(s)
Consensus Price Target	$234.24	$232.53	$240.23	$244.71
Predicted Upside	-5.73% Downside	1.58% Upside	0.83% Upside	17.56% Upside

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TSLA Analyst Ratings 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.

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.

Tesla Stock vs. The Competition

Type	Tesla	Auto/Tires/Trucks Companies	S&P 500
Consensus Rating Score	2.15	2.47	2.49
Consensus Rating	Hold	Hold	Hold
Predicted Upside	-5.73% Downside	612.38% Upside	6.98% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/27/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$380.00	+48.08%
12/22/2023	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$310.00 ➝ $350.00	+37.52%
12/18/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$301.00 ➝ $300.00	+17.98%
12/15/2023	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sell ➝ Sell	$125.00 ➝ $132.00	-47.75%
12/14/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$275.00 ➝ $260.00	+5.12%
11/20/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$250.00 ➝ $210.00	-9.74%
11/9/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Reduce	$146.00	-34.27%
10/19/2023	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$85.00	-61.71%
10/19/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$271.00 ➝ $255.00	+15.44%
10/19/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$260.00 ➝ $250.00	+10.87%
10/16/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$300.00 ➝ $290.00	+14.97%
10/10/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$290.00 ➝ $266.00	+0.09%
10/3/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$120.00 ➝ $135.00	-46.34%
10/2/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$254.00 ➝ $243.00	-2.68%
9/29/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$293.00	+18.92%
9/22/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight ➝ Equal Weight	$260.00	+2.84%
9/18/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$275.00	+2.83%
7/20/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	$150.00 ➝ $200.00	-24.47%
7/20/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Underperform ➝ Underperform	$150.00	-48.50%
7/20/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$300.00 ➝ $330.00	+13.30%
7/17/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$252.00 ➝ $300.00	+3.50%
7/6/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$225.00 ➝ $300.00	+6.20%
6/23/2023	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Sell	$210.00	-20.64%
6/12/2023	KGI Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform
4/24/2023	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$218.00 ➝ $185.00	+15.57%
4/20/2023	Tudor, Pickering, Holt & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Sell
4/20/2023	Tudor Pickering Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Sell
3/13/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
3/8/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$200.00 ➝ $210.00	+11.87%
3/2/2023	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Hold
1/27/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Bill Selesky Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	$374.00 ➝ $257.00	+58.02%
1/26/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	$122.00 ➝ $140.00	-3.07%
1/5/2023	Edward Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:03 PM ET.

TSLA Price Target - Frequently Asked Questions

What is Tesla's consensus rating and price target?: According to the issued ratings of 33 analysts in the last year, the consensus rating for Tesla stock is Hold based on the current 7 sell ratings, 14 hold ratings and 12 buy ratings for TSLA. The average twelve-month price prediction for Tesla is $234.24 with a high price target of $380.00 and a low price target of $85.00. 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 2.15 while the average consensus rating score for auto/tires/trucks companies is 2.47. Learn more on how TSLA compares to other companies.
Does Tesla's stock price have much downside?: According to analysts, Tesla's stock has a predicted downside of -0.44% based on their 12-month stock forecasts.

What analysts cover Tesla?: Tesla has been rated by Citigroup, Deutsche Bank Aktiengesellschaft, Guggenheim, HSBC, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Piper Sandler, Roth Mkm, Royal Bank of Canada, Truist Financial, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.

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This page (NASDAQ:TSLA) was last updated on 12/31/2023 by MarketBeat.com Staff

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