Fintel reports that on January 7, 2025, B of A Securities downgraded their outlook for Tesla (XTRA:TL0) from Buy to Neutral.
Analyst Price Forecast Suggests 24.47% Downside
As of December 23, 2024, the average one-year price target for Tesla is 286,19 €/share. The forecasts range from a low of 25,30 € to a high of 544,85 €. The average price target represents a decrease of 24.47% from its latest reported closing price of 378,90 € / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Tesla is 160,200MM, an increase of 64.90%. The projected annual non-GAAP EPS is 6.75.
What is the Fund Sentiment?
There are 4,473 funds or institutions reporting positions in Tesla. This is an increase of 245 owner(s) or 5.79% in the last quarter. Average portfolio weight of all funds dedicated to TL0 is -10.71%, an increase of 1,313.56%. Total shares owned by institutions increased in the last three months by 2.65% to 1,660,787K shares.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 86,079K shares representing 2.68% ownership of the company. In its prior filing, the firm reported owning 85,652K shares , representing an increase of 0.50%. The firm increased its portfolio allocation in TL0 by 24.80% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 72,667K shares representing 2.26% ownership of the company. In its prior filing, the firm reported owning 71,212K shares , representing an increase of 2.00%. The firm increased its portfolio allocation in TL0 by 24.16% over the last quarter.
Geode Capital Management holds 59,356K shares representing 1.85% ownership of the company. In its prior filing, the firm reported owning 58,334K shares , representing an increase of 1.72%. The firm increased its portfolio allocation in TL0 by 24.03% over the last quarter.
Capital World Investors holds 42,813K shares representing 1.33% ownership of the company. In its prior filing, the firm reported owning 42,709K shares , representing an increase of 0.24%. The firm increased its portfolio allocation in TL0 by 26.01% over the last quarter.
Invesco Qqq Trust, Series 1 holds 36,359K shares representing 1.13% ownership of the company. In its prior filing, the firm reported owning 35,997K shares , representing an increase of 1.00%. The firm increased its portfolio allocation in TL0 by 30.63% over the last quarter.
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