
Tesla shares experienced significant fluctuations over recent days. Initially, the stock dropped by 1.6% after logging its best week in over 17 months. However, the shares reversed course and were last reported up by 0.2%. Several analysts have updated their price targets for Tesla. Bernstein's Toni Sacconaghi set a target of $120, while Morningstar issued a fair value rating with a target of $200. China Renaissance surged its target price from $151.31 to $282.13, upgrading its rating to Buy. HSBC raised its target price to $130 from $120. Goldman Sachs increased its target price to $248 from $175, citing higher delivery estimates and updated its 2024 EPS estimate to $2.05 from $1.90. Tesla shares were up 0.8% pre-market after a 10-session winning streak, according to Goldman Sachs analyst Mark Delaney.



Goldman Sachs today raised its price target on Tesla $TSLA to $248 up from $175 while maintaining its Neutral rating
$TSLA TP raised to $248 from $175 by GS
$TSLA: Goldman Sachs Raises target price to $248 from $175 The firm updated its 2024 EPS estimate including SBC to $2.05 from $1.90, primarily reflecting higher deliveries, and increased its multiple to reflect increased market multiples and investors being likely to be more…