1 Wall Street Analyst Thinks Telsa Is Going to $194 -- Is 2024's Worst-Performing "Magnificent Seven" Stock a Buy?
The "Magnificent Seven" is a group of large, highly influential companies that includes Microsoft, Apple, Nvidia, Amazon, Alphabet, Meta Platforms, and (NASDAQ: TSLA). Five of these stocks registered substantial gains so far in 2024 trading. However, Apple is down roughly 10% so far in 2024, while Tesla's share price fell 28%.
What comes next for Tesla's stock?
In an investor note published by Citigroup analyst Itay Michaeli on March 27, the analyst maintained a neutral rating on the stock but lowered his price target from $224 per share to $196. With Tesla trading at roughly $180 per share, that would imply an upside of roughly 9%, but the analyst sees some bearish dynamics for the electric vehicle (EV) pioneer.
Source Fool.com
Tesla Inc Stock
€157.24
-0.830%
Our community is currently high on Tesla Inc with 55 Buy predictions and 27 Sell predictions.
With a target price of 242 € there is a hugely positive potential of 53.9% for Tesla Inc compared to the current price of 157.24 €.
