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Industry veteran Gary Black has also weighed in, criticizing the disconnect: “Having a buy rating with a price target below the current stock price makes no sense.” Such contradictions reflect a broader trend of diminishing clarity and confidence among Wall Street analysts, as they struggle to reconcile Tesla’s rapid valuation expansion with traditional valuation metrics.
Major Banks Reassess Tesla: Downgrades Amid Rising Targets
Adding to the complexity, Goldman Sachs has downgraded Tesla’s rating from buy to neutral, even as it raises the price target from $185 to $248. The divergence suggests that while Goldman Sachs still views Tesla as a promising investment, it now perceives the valuation as more balanced or slightly overextended, relative to its long-term prospects.