Tesla Stock: Analysts Revise Price Targets Following Latest Earnings Report
Market Reactions to Tesla's Earnings Announcement
Tesla's (NASDAQ: TSLA) recent earnings call has sent ripples through the stock market. On January 29, Tesla disclosed their Q4 2024 results, revealing earnings per share (EPS) of $0.73, slightly lower than expected. Following the announcement, Tesla stock fell to $367.50 before a recovery brought the price back up to $404.95 during pre-market trading.
Analysts’ Perspectives on TSLA Valuation
With the EPScapturing only part of the market's attention, earnings attributed to Bitcoin investments stirred debate. Analysts express diverse opinions on Tesla's valuation:
- Adam Jonas from Morgan Stanley: Raised his price target to $430, suggesting a potential 10.51% increase.
- William Stein of Truist: Increased target to $373, maintaining a 'Hold' rating.
- Joseph Spak at UBS: Despite raising the target to $259, holds a 'Sell' rating, citing significant technology and execution risks.
The division among analysts highlights an uncertain future for Tesla stock. As concerns grow over profitability and operational transparency, investors are urged to stay informed.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.