Tesla Price Target Adjusted by Robert W. Baird

Tesla (NASDAQ:TSLA) recently experienced an adjustment in its stock price target by Robert W. Baird, which has reduced the target from $480.00 to $440.00. This change was highlighted in a research report published on Thursday, where Baird maintained an "outperform" rating for the electric vehicle manufacturer.

Insight on Tesla's Stock Ratings

A number of other analysts have also provided updates on Tesla's stock. For instance, Roth Mkm upgraded Tesla from a "neutral" to a "buy" rating, increasing the price target from $85.00 to $380.00 in a report dated December 2nd. Meanwhile, Canaccord Genuity Group revised its price target for Tesla from $298.00 to $400.00 and issued a "buy" rating on January 3rd.

On the contrary, Sanford C. Bernstein reiterated its "underperform" rating and set a price target of $120.00 on October 3rd. In a more bullish assessment, Wedbush increased its target for Tesla from $515.00 to $550.00 while maintaining an "outperform" rating on January 22nd.

Additionally, Truist Financial raised its price target from $351.00 to $373.00, assigning a "hold" rating in its Thursday report. Overall, there is a mix of ratings for Tesla: eight analysts recommend selling the stock, fourteen suggest holding it, sixteen opt for a buy rating, and one has given a strong buy rating, leading to a consensus rating of "Hold" with a target price of approximately $318.31 according to MarketBeat.com.

Tesla Stock Performance

On Thursday, Tesla shares opened at $400.28, marking an uptick of 2.9% for the day. Currently, Tesla's market capitalization stands at around $1.28 trillion, with a P/E ratio of 196.22 and a price-to-earnings-growth (PEG) ratio of 8.08. The stock's fifty-day simple moving average is $401.98, while the two-hundred-day average is $297.28. Over the past year, Tesla's stock has reached a low of $138.80 and a high of $488.54.

Company Performance and Financials

Tesla's last quarterly earnings report was released on January 29th, where it reported earnings per share (EPS) of $0.66, which fell short of the consensus estimate of $0.74 by $0.08. The company has a net margin of 7.26% and a return on equity of 10.54%. Analysts predict that Tesla will generate an average EPS of 2.82 for the current fiscal year.

Insider Activity

In terms of insider trading activity, Director Kathleen Wilson-Thompson sold 100,000 Tesla shares on January 6th at an average price of $411.63, bringing in a total of $41.16 million. Following this sale, her remaining ownership of Tesla stock dwindled significantly. Additionally, CFO Vaibhav Taneja sold 7,000 shares during the same period, further indicating active trading among insiders.

Institutional Investment Trends

Institutional investors have also been making moves with Tesla shares. Recent actions include Transcendent Capital Group acquiring a new position valued at approximately $29,000 and Farmers & Merchants Trust Co of Chambersburg PA adding a new stake worth about $46,000. Overall, 66.20% of Tesla’s stock is owned by institutional investors and hedge funds, reflecting their confidence in the company's future potential.

About Tesla, Inc.

Tesla, Inc. is known for designing, developing, manufacturing, leasing, and selling electric vehicles, along with energy generation and storage systems. Its operations span across the United States, China, and other international markets.

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