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Analyst Price Targets for $TSLA

Discussion in 'TSLA Investor Discussions' started by ggr, Jul 16, 2020.

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  1. ggr

    ggr Expert in Dunning-Kruger Effect!

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    #1 ggr, Jul 16, 2020
    Last edited by ggr: Aug 5, 2020 at 11:51 AM
    I thought this would be a useful resource to have and maintain. Thanks @dl003 and @Remster32 for the seed data. I've made it a wiki post, and I'll make a token effort to update it but no promises as to accuracy.

    Created: 2020-07-16
    Last update: Exane BNP Paribas added at $1550

    Elazar Advisors: $2,608 - up from $1,500
    Piper Sandler: $2,400 - up from $2,322
    Oppenheimer: $2,209 - up from $968
    Argus: $1888 - up from ???
    Wedbush: $1,800 - up from $1,250
    Baird: $1,658 - up from $984
    Canaccord: $1,623 - up from $650
    Exane BNP Paribas: $1550
    Deutsche Bank: $1,500 - up from $1,000
    New Street Research: $1,500 - up from $1,100
    Wolfe Research: $1,500 - up from $615
    Goldman Sachs: $1,475 - up from $1,300
    Credit Suisse: $1,400 - unchanged
    CFRA: $1,220 - up from $1,100
    Jefferies: $1,200 - unchanged
    Cowen: $1,100 - up from $300
    Morgan Stanley: $1,050 - up from $740
    Daiwa securities: $910
    Bernstein: $900 - up from $500, hold -> sell

    Royal Bank of Canada: $850 - up from $765
    UBS: $800 - unchanged
    Bank of America: $800 - up from $485
    Roth Capital: $750 - unchanged
    Evercore ISI: $625
    Citi: $450 - no change
    J.P. Morgan: $325 - up from $295
    Barclays: $300 - no change
    GLJ Research: $87

    No Price Targets:
    JMP: Neutral rating - removed price target, previously $1,500
    Needham: Sell rating - no change
     
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  2. dl003

    dl003 Member

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    Small correction: Deutsche Bank raised it to $1,000
     
  3. hershey101

    hershey101 Member

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    Does anyone have access to the complete valuation report for any of these estimates? If so, would you mind sharing? I see lots of these price targets changed by funds with a one paragraph note in the news articles... I'd really like to see the kind of assumptions they are making under the hood.
     
  4. vikings123

    vikings123 Supporting Member

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    #4 vikings123, Jul 16, 2020
    Last edited: Jul 16, 2020
    Great idea. Adding one more I saw on IBKR.

    Daiwa securities, outperform, 910
     
  5. Mo City

    Mo City Active Member

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    Safe to say several whose targets are less than $1,000 will significantly change their opinions after Q2 earnings. It will probably take Q3 to convince the final, diehard holdouts.
     
  6. ggr

    ggr Expert in Dunning-Kruger Effect!

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    Ha, I saw your edit, but somehow failed to put it in.
     
  7. Remster32

    Remster32 Member

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    Just in. Baird raises their price target on TSLA to $984 from $700.
     
    • Informative x 1
  8. ggr

    ggr Expert in Dunning-Kruger Effect!

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  9. vikings123

    vikings123 Supporting Member

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    lol yeah appears to be a joke, not sure I understand the joke though.

    Saw another note today on TD. Sell rating from
    CFRA with a 12 month price target of $1100, sure sounds like someone who wants cheap shares.
     
  10. ggr

    ggr Expert in Dunning-Kruger Effect!

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    Added CFRA, deleted Wilson... I think the dog's name is Wilson.
     
  11. ggr

    ggr Expert in Dunning-Kruger Effect!

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    Bank of America $485 -> 800, underperform.
     
  12. Silicon Desert

    Silicon Desert Active Member

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    I guess I am an oddball when it comes to not listening to analysts in my 40+ years of interesting. After all the word does start with "ANAL". I often think too much emphasis and expectation is put on analyst information. When a company reports higher or lower than what what "predicted", their stock often moves suddenly up or down. The company simply performed to market conditions, so it is the analyst that was wrong, not that the stock was out of line and needed correction. Fire the analyst :D Yes, this is somewhat intended to be funny. Don't take that comment defensively. :)
     
  13. Remster32

    Remster32 Member

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    Updated list with the pre-earnings price target for comparison. Unbolded names have not issued new reports yet.

    Elazar Advisors: $2,608 - up from $1,500
    Piper Sandler: $2,400 - up from $2,322
    Oppenheimer: $2,209 - up from $968
    Wedbush: $1,800 - up from $1,250
    Baird: $1,658 - up from $984
    Canaccord: $1,623 - up from $650
    Deutsche Bank: $1,500 - up from $1,000
    New Street Research: $1,500 - up from $1,100
    Wolfe Research: $1,500 - up from $615
    Goldman Sachs: $1,475 - up from $1,300
    Credit Suisse: $1,400 - unchanged
    Jefferies: $1,200 - unchanged
    Cowen: $1,100 - up from $300
    CFRA: $1,220 - up from $1,100

    Daiwa securities: $910
    Bernstein: $900 - up from $500
    Royal Bank of Canada: $850 - up from $765
    UBS: $800 - unchanged
    Bank of America: $800 - up from $485
    Roth Capital: $750 - unchanged
    Morgan Stanley: $740 - unchanged

    Evercore ISI: $625
    Citi: $450 - no change
    J.P. Morgan: $325 - up from $295
    Barclays: $300 - no change

    GLJ Research: $87

    No Price Targets:
    JMP: Neutral rating - removed price target, previously $1,500
    Needham: Sell rating - no change
     
  14. ggr

    ggr Expert in Dunning-Kruger Effect!

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    Thanks. I was trying to decide whether I had time to update the first post (which I have now done with your data). It's a wiki posting; I thought anyone could update it, but with my moderator powers that just won't go away, I can edit anything in this part of the forum, so I can't tell if that's true for others or not. Do people see an "edit" button on the first post in this thread?
     
  15. mblakele

    mblakele DON'T PANIC

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    Yes, I see “edit”.
     
  16. Remster32

    Remster32 Member

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    I see it too. Sorry, I was not 100% aware of how wiki posts work. I'll do this going forward.
     
  17. ggr

    ggr Expert in Dunning-Kruger Effect!

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    Thanks. What I try to do is edit the first post, then do a quick summary post so people know something changed.
     
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  18. Remster32

    Remster32 Member

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    Updated Morgan Stanley's price target raise to $1,050 from $740. Also noted Bernstein's recent downgrade to sell from hold.
     
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  19. ggr

    ggr Expert in Dunning-Kruger Effect!

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    Exane BNP Paribas: $1550.
     
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