Tesla Inc (TSLA) shares recently traded at $993.98, surpassing the average 12-month analyst target price of $947.50. This significant milestone raises questions regarding potential analyst reactions, which may include downgrades or upward revisions of their target prices based on Tesla’s business developments.
Among 22 analysts in the Zacks coverage universe, target prices range from a low of $250.00 to a high of $1580.00, with a standard deviation of $373.642. Currently, TSLA receives an average rating of 2.29 on a scale where 1 is a Strong Buy and 5 is a Strong Sell, with 8 Strong Buy ratings and 2 Strong Sell ratings. This indicates a relatively favorable outlook despite differing individual targets.
