Tesla, Inc. is set to release its fourth-quarter financial results after the closing bell on Wednesday, January 29, 2025. Analysts expect the company to report quarterly earnings at 74 cents per share, up from 71 cents per share in the year-ago period. Additionally, Tesla projects quarterly revenue of $27.13 billion, compared to $25.17 billion a year earlier.
Performance Expectations
The company has missed analyst revenue estimates in four of the last five quarters and six of the last 10 quarters overall. Despite this, Tesla shares gained 0.2% to close at $398.09 on Tuesday.
Analyst Ratings
Here’s how top analysts have rated the company in the recent period:
- Wedbush analyst Daniel Ives: Maintained an Outperform rating and raised the price target from $515 to $550 on January 22, 2025, with an accuracy rate of 81%.
- Piper Sandler analyst Alexander Potter: Maintained an Overweight rating and boosted the price target from $315 to $500 on January 21, 2025, with an accuracy rate of 79%.
- Morgan Stanley analyst Adam Jonas: Maintained an Overweight rating and increased the price target from $400 to $430 on January 13, 2025, with an accuracy rate of 63%.
- Truist Securities analyst William Stein: Maintained a Hold rating and cut the price target from $360 to $351 on January 3, 2025, with an accuracy rate of 85%.
- Mizuho analyst Vijay Rakesh: Upgraded the stock from Neutral to Outperform and boosted the price target from $230 to $515 on December 17, 2024, with an accuracy rate of 76%.
Considering Buying TSLA Stock?
According to analysts, Tesla’s stock has the potential for growth. Before making any investment decisions, it’s essential to consider the latest analyst ratings and market trends.
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