Barclays Increases Price Target for Tesla to $325.00

Tesla (NASDAQ:TSLA) has seen an increase in its stock price target from Barclays, rising from $270.00 to $325.00, as reported on Wednesday morning. Barclays has assigned an "equal weight" rating for the stock, indicating a balanced outlook on Tesla's performance.

Analysts Recommendations

Recent analyses from various research firms have resulted in mixed reviews for Tesla. For instance, Roth MKM upgraded Tesla from a "neutral" to a "buy" rating, raising their price target from $85.00 to $380.00 as of December 2nd. Meanwhile, GLJ Research maintained a "sell" rating with a price target of $24.86. HSBC took a more cautious approach with a "reduce" rating and a target price of $124.00. Jefferies Financial Group also revised their price target upwards, moving from $195.00 to $300.00 and maintaining a "hold" rating. KGI Securities upgraded their stance from a "neutral" to an "outperform" rating, setting a price target of $276.00. In total, nine analysts have provided sell ratings, fifteen have given hold ratings, sixteen have offered buy ratings, and one has even assigned a strong buy rating, leading to an overall average rating of "Hold" with a consensus target price of $299.33.

Current Stock Performance

As of Wednesday morning, Tesla shares opened at $428.22. The performance metrics for Tesla include a fifty-day simple moving average of $382.71 and a two-hundred-day simple moving average of $284.69. The company currently has a market capitalization of $1.37 trillion, with a P/E ratio of 117.32, which indicates high expectations for future earnings. Over the past 12 months, Tesla's stock has seen a low of $138.80 and a high of $488.54.

Recent Earnings Report

On October 23rd, Tesla released its latest quarterly earnings report. The electric vehicle manufacturer reported earnings of $0.72 per share, surpassing analyst expectations of $0.58 by $0.14. However, the company's revenue for the quarter was $25.18 billion, slightly below the anticipated $25.47 billion. Year-over-year, Tesla's revenue increased by 7.8%. Analysts project that the company will report earnings of $1.99 per share for the current fiscal year.

Insider Trading Activity

In insider trading news, Director Robyn M. Denholm sold 112,390 shares on November 15th for an average price of $314.44, totaling approximately $35.34 million. Following this sale, Denholm reduced her ownership by approximately 57%. Meanwhile, CFO Vaibhav Taneja sold 4,000 shares at a price of $250.00 each, netting $1 million. Combined, insiders have sold 621,886 shares worth over $213 million in the last quarter.

Institutional Investment Movements

Several large investors have recently adjusted their stakes in Tesla. Acropolis Investment Management LLC increased its position by 0.9%, now holding 2,814 shares. Mount Vernon Associates also grew its stake by 0.3%, owning 7,305 shares. Connable Office Inc. and Community Bank N.A. each made slight increases in their holdings as well. Currently, institutional investors and hedge funds comprise 66.20% of Tesla's stock ownership.

About Tesla

Tesla, Inc. is involved in the design, development, manufacturing, leasing, and sale of electric vehicles, as well as energy generation and storage systems both in the USA and globally. The company operates through the Automotive segment, which offers vehicles and related services.

Tesla, Stocks, Barclays