Tesla Stock: Buy, Sell, or Hold?
Consensus Rating: Buy
Tesla stock has received a consensus rating of "buy" from analysts. This rating is based on the average of 46 individual analyst ratings, with 25 rating the stock as a "buy", 15 rating it as a "hold", and 6 rating it as a "sell".
Analyst Ratings by Firm
The following table shows the analyst ratings for Tesla stock by firm:
Firm | Rating | Date |
---|---|---|
Barclays | Buy | May 31, 2024 |
Citigroup | Hold | May 30, 2024 |
Goldman Sachs | Buy | May 29, 2024 |
JPMorgan | Hold | May 28, 2024 |
Morgan Stanley | Buy | May 27, 2024 |
Conclusion
The consensus rating of "buy" for Tesla stock indicates that analysts are generally optimistic about the company's future prospects. This optimism is likely due to the company's strong financial performance, its leadership in the electric vehicle market, and its plans to expand into new markets, such as energy storage and self-driving cars.
However, it is important to note that analyst ratings are not always accurate, and they should not be relied upon as the sole basis for making investment decisions. Investors should always conduct their own research and due diligence before investing in any stock.
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