Tesla Stock: What Analysts Recommend before Semi Truck Event

Jitendra Parashar - Author

Nov. 15 2017, Updated 9:01 a.m. ET

Recommendations for Tesla stock

According to the latest data compiled by Reuters, 35% of analysts covering Tesla Motors (TSLA) stock have given it a “buy” recommendation. Another 35% have recommended a “hold,” while the remaining 30% don’t expect any positive movement in the stock and have given it a “sell.” As of November 10, 2017, 23 analysts were covering Tesla stock and contributed to this survey.

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Upside potential for next 12 months

Tesla’s consensus 12-month target price is $318.62. That reflects a 5.2% upside potential from its market price of $302.99 as of November 10, 2017.

In the last couple of months, more analysts covering Tesla stock have turned neutral. The company’s recent Model 3 production woes could be the primary reason for analysts’ cautious approach to Tesla stock.

In contrast, Morgan Stanley analyst Adam Jonas revised his price target for Tesla stock upward from $317 to $379 in October 2017.

Analysts and other auto companies

Let’s take a look at the analyst recommendations and 12-month consensus target prices for some legacy automakers (IYK) as of November 10, 2017.

  • General Motors (GM): “buy” recommendations from 38% of analysts; consensus target price of $46.65, reflecting a 9.4% upside potential
  • Ford Motor (F): “buy” recommendations from 17% of analysts; a 5.9% upside potential for the next 12 months
  • Fiat Chrysler (FCAU): “buy” recommendations from 40% of analysts; an 18.6% upside potential for the next 12 months

In the next part, we’ll take a look at some key technical support and resistance levels for Tesla stock.


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