Tesla Likely To Report Higher Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Tesla, Inc. TSLA is expected to report its second-quarter financial results, after the closing bell on July 19, 2023.

Analysts expect the company to post quarterly earnings at 81 cents per share, up from year-ago earnings of 76 cents per share. The company’s revenue might come in at $24.53 billion.

Tesla shares rose 1% to close at $293.34 on Tuesday and lost 0.2% in the after-hours trading session.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

  • Wedbush analyst Daniel Ives reiterated an Outperform rating with a price target of $300 on July 17, 2023. This analyst sees around 4% upside in the company’s stock and has an accuracy rate of 73%.
  • Mizuho analyst Vijay Rakesh maintained a Buy rating and increased the price target from $230 to $300 on July 7, 2023. This analyst sees around 4% upside in the company’s stock and has an accuracy rate of 72%.
  • Deutsche Bank analyst Emmanuel Rosner maintained a Buy rating and increased the price target from $260 to $270 on July 3, 2023. This analyst sees around 7% downside in the company’s stock and has an accuracy rate of 74%.
  • Truist Securities analyst William Stein maintained a Hold rating and raised the price target from $154 to $240 on July 3, 2023. This analyst sees around 17% downside in the company’s stock and has an accuracy rate of 80%.
  • Piper Sandler analyst Alexander Potter maintained an Overweight rating and cut the price target from $300 to $280 on May 2, 2023. This analyst sees around 3% downside in the company’s stock and has an accuracy rate of 72%.

 

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