Analysts Bullish on Tesla

Wall Street analysts are raising their price targets and earnings estimates for Tesla ahead of the second-quarter earnings report. Jefferies analyst Philippe Houchois increased his price target to $265 per share and adjusted the 2023 full-year earnings estimate to $2.83 per share. However, he still maintains a Hold rating due to Tesla's high valuation and the optimism surrounding its artificial intelligence technology. Tesla's average analyst price target has increased to approximately $221 per share, driven by the company's impressive second-quarter deliveries of around 466,000 vehicles, driving Tesla's price target by approximately $7 per share.