Analysts set Tesla stock price target

Core Viewpoint - Tesla stock is experiencing a significant correction due to a disappointing quarterly report and various bearish factors impacting sales and brand perception [1][2]. Group 1: Stock Performance - Tesla stock was trading at $262.52, reflecting a 30.58% drop over the past month and a year-to-date loss of 34.99% [2]. - The average 12-month price forecast for Tesla stock is $347.59, indicating a potential upside of 32.40% [6]. Group 2: Analyst Ratings and Price Targets - Bank of America and Goldman Sachs have reduced their price targets for Tesla shares, while Morgan Stanley and Stifel maintain their previous targets suggesting significant upside [2]. - TD Cowen set a price target of $388, anticipating a 47.79% rebound, while Wedbush analyst Dan Ives set a target of $550, representing a potential 109.5% rally from current prices [5][7]. Group 3: Market Sentiment and Future Outlook - Analysts from TD Cowen and Wedbush express bullish sentiments, citing catalysts such as EV launches, autonomous vehicle deployments, and reduced tariff exposure as reasons for optimism [5]. - Dan Ives believes that Tesla's autonomous vehicle segment could reach a value of $1 trillion, aligning with favorable regulatory conditions [6].