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Despite 28 out of 60 Wall Street analysts rating Tesla as a "buy," only four have a price target above Tesla’s current trading price. This signals that many analysts foresee upward revisions in future price targets, especially after anticipated earnings releases.
Upgrades by major firms like Morgan Stanley and others could propel Tesla’s stock price higher. The consensus is that, barring unforeseen negative surprises in upcoming earnings calls, Tesla’s stock should see notable increases in its target price, reaffirming a bullish outlook.