BofA Securities analyst John Murphy maintains $Tesla (TSLA.US)$ with a buy rating, and maintains the target price at $265.
According to TipRanks data, the analyst has a success rate of 53.3% and a total average return of 6.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Tesla (TSLA.US)$'s main analysts recently are as follows:
Tesla has reported Q3 non-GAAP EPS of 72c, surpassing estimates, which is attributed to a comprehensive beat, primarily due to a stronger Auto gross profit and an increase in regulatory credits. In light of this, estimates for EPS have been modestly raised to reflect the improved gross margin in Q3 resulting from reduced raw material costs, the Cybertruck production increase, efficient execution and cost reduction, along with regulatory credits and a higher production volume.
Tesla reported enhanced gross margins for Q3 and reaffirmed its anticipation of vehicle volume growth in 2024, along with a 20%-30% increase in deliveries for 2025. Analyst commentary suggests that the earnings report presents an incremental positive, especially with the stronger-than-anticipated margins. Nevertheless, prevailing discussions focus on Tesla's ability to achieve its full self-driving performance and vehicle delivery growth projections for 2025, as well as the durability of its margins.
The firm is adjusting its estimates upwards post-Tesla's 'robust' third-quarter outcomes, spotlighting auto margins that exceeded expectations and improved sequentially. This performance is attributed to reduced costs and the anticipation of more affordable vehicle models slated for release in the first half of 2025, coupled with projections of 20%-30% growth in vehicle sales for the year 2025, which are among the significant optimistic factors.
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