Tesla (NASDAQ:TSLA) Stock Price Expected to Rise, Mizuho Analyst Says

Tesla (NASDAQ:TSLA) had its price target hoisted by equities researchers at Mizuho from $450.00 to $460.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the electric vehicle producer’s stock. Mizuho’s price target points to a potential upside of 19.03% from the stock’s current price.

A number of other equities research analysts have also recently commented on TSLA. KeyCorp raised shares of Tesla to a “sector weight” rating in a report on Monday, September 28th. Roth Capital restated a “buy” rating and issued a $505.00 price target on shares of Tesla in a research report on Thursday, July 23rd. Morgan Stanley restated a “reduce” rating on shares of Tesla in a research report on Monday, September 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $485.00 price objective on shares of Tesla in a research note on Monday. Finally, Canaccord Genuity Group set a $410.00 price objective on Tesla and gave the stock a “buy” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, nineteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Tesla has an average rating of “Hold” and a consensus price target of $416.71.

Tesla Stock Performance

Shares of Tesla stock opened at $386.47 on Thursday. The firm’s fifty day simple moving average is $362.72 and its 200-day simple moving average is $377.16. Tesla has a 12 month low of $297.38 and a 12 month high of $498.83. The stock has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 357.85, a PEG ratio of 23.73 and a beta of 1.92. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Thursday, October 22nd. The electric vehicle producer reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm had revenue of $28.05 billion during the quarter, compared to analysts’ expectations of $28.06 billion. During the same quarter in the prior year, the business earned $0.50 EPS. Tesla’s quarterly revenue was down .2% compared to the same quarter last year. As a group, equities analysts forecast that Tesla will post 0.71 earnings per share for the current year.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the transaction, the chief financial officer directly owned 25,972 shares of the company’s stock, valued at $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Tesla

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC grew its holdings in Tesla by 1.8% during the third quarter. SeaCrest Wealth Management LLC now owns 18,192 shares of the electric vehicle producer’s stock worth $6,455,000 after acquiring an additional 314 shares during the period. NBT Bank N.A. acquired a new stake in Tesla in the third quarter valued at $402,000. Root Financial Partners LLC lifted its holdings in Tesla by 11.2% in the third quarter. Root Financial Partners LLC now owns 24,769 shares of the electric vehicle producer’s stock valued at $8,788,000 after acquiring an additional 2,497 shares during the period. Carter Financial Group INC. boosted its position in shares of Tesla by 17.1% during the 3rd quarter. Carter Financial Group INC. now owns 6,343 shares of the electric vehicle producer’s stock worth $2,251,000 after purchasing an additional 928 shares in the last quarter. Finally, JSF Financial LLC boosted its position in shares of Tesla by 5.2% during the 3rd quarter. JSF Financial LLC now owns 3,063 shares of the electric vehicle producer’s stock worth $1,087,000 after purchasing an additional 151 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla reported adjusted EPS of $0.48, above the $0.45 consensus estimate, while quarterly revenue was approximately $28.05 billion. The company also generated roughly $1.5 billion in positive free cash flow, a significant improvement over expectations for an outflow. Reuters Tesla third-quarter results
• Positive Sentiment: Management highlighted growing autonomy activity: FSD exceeded a 75% attach rate on new North American vehicles, Cybercab miles increased sharply in Austin, and Tesla says it plans to begin customer deliveries of the robotaxi by year-end. Reuters Cybercab plans
• Positive Sentiment: Bank of America reiterated a Buy rating and assigned a $460 price target, citing potential growth from FSD, robotaxis, Optimus and Megapack. Bank of America Tesla price target
• Neutral Sentiment: Elon Musk said Tesla and SpaceX are exploring a possible merger through independent committees. The deal could provide access to AI infrastructure and technology, but it remains uncertain and could create valuation, governance and dilution concerns for Tesla shareholders. Reuters Tesla-SpaceX merger talks
• Negative Sentiment: Tesla lowered its full-year capital-expenditure outlook to about $20 billion. Investors interpreted the pullback as potentially slowing the development of AI computing, autonomous driving and robotics—the businesses supporting much of Tesla’s valuation. Reuters Tesla spending pullback
• Negative Sentiment: Underlying results were less encouraging: vehicle deliveries declined year over year, revenue was essentially flat, energy revenue missed estimates, and operating income fell sharply as AI and research costs increased. Musk also said Optimus will require at least another year to reach full production scale, while unsupervised FSD for personal vehicles is targeted for 2027. Tesla earnings and delivery results

Tesla Company Profile

Tesla, Inc is an electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, the company designs, manufactures and sells electric vehicles, including the Model S, Model 3, Model X, Model Y and Cybertruck. Tesla also develops vehicle software, driver-assistance features and related services intended to support the operation and ownership of its vehicles.

Beyond automobiles, Tesla produces energy storage products for residential, commercial and utility-scale applications, including the Powerwall and Megapack.