Wall Street sets Tesla stock price for the next 12 months

Wall Street analysts reiterated a broadly bullish-to-neutral stance on Tesla over the next 12 months, with several firms keeping Hold ratings but raising or setting elevated price targets. Truist lifted its target to $430, Morgan Stanley set $415, and JPMorgan and RBC Capital both assigned $475 targets, while RBC kept a Buy rating. The piece points to Tesla’s strong Q2 production and delivery figures, along with Ark Invest’s recent share purchase and a favorable NHTSA safety result for Model Y, as reasons supporting optimism. Despite the analyst support, Tesla stock is still down 10% year to date, trading around $393.45, and carries an average 12-month target of $404.86. The article suggests the stock may be trying to reverse its downtrend, with analysts’ forecasts implying modest upside if momentum improves.