Analyst sets Tesla stock price target for 12 months

Goldman Sachs analyst Mark Delaney has reiterated a 'Neutral' rating on Tesla (NASDAQ: TSLA) with a 12-month price target of $360, representing a modest 0.96% upside from its previous closing price of $356.58. The investment bank cited weaker delivery outlooks across Europe, the United States, and China as core factors behind its conservative stance, although potential strength in export markets, the rollout of Full Self-Driving (FSD) technology, and the upcoming Model Y L could help counter near-term downside risks. Goldman Sachs' cautious stance aligns with several other major institutions in September, including Morgan Stanley, Barclays, and JPMorgan, all maintaining neutral ratings. In contrast, the broader Wall Street consensus tracked by TipRanks labels Tesla as a 'Moderate Buy' across 25 analysts, carrying an average 12-month target of $388.85, indicating an anticipated 9.05% gain. Analyst targets reflect wide dispersion, spanning from RBC Capital's high of $480 to GLJ Research's street-low bearish projection of $24.86, as markets await upcoming product announcements.