Tesla (NASDAQ:TSLA) Given New $460.00 Price Target at Mizuho

Tesla (NASDAQ:TSLA) had its price target raised by Mizuho from $450.00 to $460.00 in a report released on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the electric vehicle producer’s stock. Mizuho’s target price points to a potential upside of 19.03% from the stock’s current price.

A number of other research firms also recently commented on TSLA. BNP Paribas Exane decreased their target price on Tesla from $280.00 to $268.00 and set an “underperform” rating on the stock in a research report on Thursday, September 24th. KeyCorp upgraded Tesla to a “sector weight” rating in a research report on Monday, September 28th. HSBC restated a “reduce” rating and issued a $157.00 price target on shares of Tesla in a research report on Monday, October 5th. Guggenheim initiated coverage on Tesla in a research note on Monday, June 29th. They set a “neutral” rating for the company. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $416.71.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $386.47 on Thursday. The business’s 50 day simple moving average is $362.72 and its 200-day simple moving average is $377.16. The firm has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 357.85, a price-to-earnings-growth 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 has a 12 month low of $297.38 and a 12 month high of $498.83.

Tesla (NASDAQ:TSLA) last released 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 return on equity of 3.82% and a net margin of 3.67%. The business had revenue of $28.05 billion for the quarter, compared to analysts’ expectations of $28.06 billion. During the same quarter in the prior year, the firm posted $0.50 EPS. The company’s 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 fiscal year.

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value of $938,498.78. Following the sale, the chief financial officer owned 25,972 shares of the company’s stock, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company’s stock.

Hedge Funds Weigh In On Tesla

Several hedge funds have recently bought and sold shares of the stock. Security National Bank of Sioux City Iowa IA purchased a new stake in shares of Tesla in the second quarter valued at $25,000. Friedenthal Financial increased its position in Tesla by 66.7% during the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 30 shares in the last quarter. Harborfront Financial Group LLC purchased a new stake in Tesla during the 2nd quarter worth about $34,000. Lam Group Inc. acquired a new position in Tesla in the 1st quarter valued at about $37,000. Finally, Montgomery Financial Services LLC acquired a new position in Tesla in the 2nd quarter valued at about $40,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

More 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.