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How Analysts Rate Tesla Stock after Its 4Q17 Deliveries Data

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Analysts’ ratings on Tesla

According to the data compiled by Reuters on January 8, 2018, about 32.0% of the analysts covering Tesla (TSLA) gave its stock “buy” ratings. Another 32.0% of analysts recommended “holds,” and the remaining 36.0% of analysts gave “sell” recommendations.

These Tesla stock ratings are based on the consensus of 25 Wall Street analysts covering Tesla stock.

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Upside potential for next 12 months

On October 6, 2017, Tesla’s 12-month consensus target price was $314.17, which was already about 6.6% lower than its market price of $336.41. In the last six months, analysts’ consensus target for Tesla’s stock price has risen significantly from $293.00 to $314.00. High expectations from the company’s 4Q17 results could be one of the key reasons for this upward revision.

Tesla stock delivered a robust positive return of ~45.7% in 2017. These gains were much higher than the broader market (SPY) (SPX-INDEX) and other mainstream automakers (IYK).

In comparison, the S&P 500 Index yielded 19.4% returns in 2017. Automakers General Motors (GM), Ford (F), and Toyota (TM) rose 17.7%, 3.0%, and 8.5% year-to-date, respectively.

Key factors to watch in 1Q18

As we discussed earlier in this series, Tesla’s ability to increase its production and deliveries could be the key focus for investors in 1Q18. The company’s 4Q17 results and 2018 guidance should give some direction to its stock price in the coming months.

Tesla is expected to release its 4Q17 earnings report in the second half of February. Please visit Market Realist’s Autos page for ongoing updates on the auto industry.

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