Stifel Lowers Tesla Price Target to $474
- Rating
- Buy
- Price target
- $474
- from $492
- Implied upside
- +31%
- vs $361.62 prior close
Stifel analyst Stephen Gengaro lowered the price target on Tesla (NASDAQ: TSLA) to $474 (from $492) while maintaining a Buy rating.
“Key positives include: 1) Record low 4Q24 COGS per unit; 2) Lower-priced vehicle due out in 1H25; 3) Optimus production ramping in 2025; 4) Robust outlook for Energy Storage; and 5) Unsupervised FSD expected to make its public debut in June, which would be a significant step for FSD and underpin the Robotaxi initiative, both of which are key to the long-term value of TSLA.”
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Tracking this call
Since this note+5% TSLA $361.62 → $380.68 (Oct 7) · 17% of the way to the target
This call at 6 months✗ Not reached in six months: TSLA closed at $341, 28% below the $474 target, and it moved the other way. At 12 months: reached.
Firm track recordStifel reached 70% of its 37 scored targets within six months (#14 of 31 firms); on Tesla, 1 of 4. Accuracy ranking →
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