Price Target Watch on Shares of Tesla, Inc. (NASDAQ:TSLA)

Taking a look at shares of Tesla, Inc. (NASDAQ:TSLA), we can see that the average consensus target price based on contributing analysts is currently $319.77. Sell-side analysts often provide price target projections on where they believe the stock will be headed in the future. Because price target projections are essentially the opinions of covering analysts, they have the ability to vary widely from one analyst to another. Many investors will keep a close eye on target prices, especially when analysts provide fresh updates. A well-researched analyst report will typically offer a solid, detailed case for why the analyst believes that the stock will eventually hit the target. Investors might choose to rely heavily on analyst research and corresponding target predictions, or they may choose to use them as a guide to supplement their own research.

Some investors will scour the markets looking for cheap, quality stocks. These stocks can be attractive for investors looking to find a bargain that could turn into a big winner. Investors may be cautious when searching for these types of stocks. Often times, a stock will see a huge jump and then everyone will hop on the bandwagon to buy without checking into the fundamentals. Sometimes this strategy may work out, but in many cases, the stock has already made the run and become too expensive to add to the portfolio. Conducting diligent research and constantly adding to the individual’s overall market education level may help the investor sift through the sea of stocks and find those names that are really worth getting into.

As earnings season comes into focus, investors will be closely tracking sell-side estimates. According to analysts polled by Zacks Research, the current quarter EPS consensus estimate is currently sitting at -3.14 for shares of Tesla, Inc. (NASDAQ:TSLA). The number consists of estimates provided by 8 contributing analysts. For the last reporting period, the company posted a quarterly EPS of -3.04. The consensus estimate for last quarter before the earnings report was -3.22. Looking out further to the next quarter EPS estimate, the consensus is currently resting at -2.16. This consensus estimate includes 6 analysts taken into consideration by Zacks. Shifting the focus to the current fiscal year EPS estimate, the number is currently -8.8. Widening the gaze to the next fiscal year, we can see that the consensus EPS estimate is presently -7.4.

Checking in on stock price activity for Tesla, Inc. (NASDAQ:TSLA), we have recently seen shares trading near the $309.1 mark. Investors will often track the current stock price in relation to its 52-week high and low levels. The 52-week high is currently $385, and the 52-week low is presently $254.78. When the current stock price is trading close to either the 52-week high or 52-week low, investors may pay closer attention to see if there will be a breakthrough that level. Over the past 12 weeks, the stock has seen a change of -1.99%. Going back to the start of the calendar year, we can see that shares have moved -0.72%. Pulling the focus closer to the past 4 weeks, shares have seen a change of -10.71%. Over the past 5 trading days, the stock has moved -5.07%.

Taking a quick look at analyst opinions, we can see that the current average broker recommendation on shares of Tesla, Inc. (NASDAQ:TSLA) is presently 2.72. Out of the covering analysts polled by Zacks Research, 7 have put a Strong Buy or Buy rating on the stock.

Let's block ads! (Why?)