Tesla Inc: Analysts Update Target Forecasts
Bank of America (BofA) has increased its 12-month price target on Tesla Inc. from $305 to $341, reflecting a more optimistic outlook for the electric vehicle maker's potential. Despite the raised target, BofA has maintained its 'Neutral' rating, signaling that while the bank acknowledges improving fundamentals or external conditions (such as macro trends, cost efficiencies, or AI/data center tailwinds), it believes the stock is fairly valued at current levels. The 'Neutral' stance suggests a balanced view of upside and downside risks amid ongoing concerns like increased competition, regulatory uncertainty, and potential volatility around deliveries and margins.
Cantor Fitzgerald has reiterated its 'Overweight' rating on Tesla and maintained its 12 month price target of $355 per share, indicating continued confidence in Tesla's growth trajectory and long-term value. The Overweight rating implies that Cantor expects Tesla to outperform the broader market and sector average. Cantor likely sees strength in Tesla's expanding product pipeline, leadership in EV technology, and potential upside from its AI and robotics ventures—such as Full Self-Driving (FSD) and Optimus—justifying a higher valuation multiple.
Stock Forecast & Analysis
Tesla's consensus analyst rating is a 'Hold', reflecting a mixed sentiment on the stock. The average 12-month price target for Tesla stands at approximately $300 per share, suggesting the stock is currently trading over over its perceived valuation models. The consensus target reflects analyst expectations factoring in the company's fundamentals, competitive environment, and broader macroeconomic conditions.
Key contributors to this Hold consensus include:
Concerns over valuation: Tesla trades at a premium relative to traditional automakers, and many analysts believe the stock price already reflects aggressive growth assumptions.
Competition and market saturation: Analysts are watching how Tesla will fare as legacy automakers and new EV startups increase competition, especially in core markets like the U.S., China, and Europe.
Margin pressures: Ongoing price cuts, high R&D spending on AI and robotics, and ramp-up costs for new models or facilities could weigh on margins, limiting near-term earnings growth.
Catalysts for future upside: Some analysts remain optimistic about long-term catalysts including Tesla's progress in Full Self-Driving (FSD) technology, expansion into energy storage, potential monetization of AI-related assets, and new vehicle platforms.
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Globe and Mail
31 minutes ago
- Globe and Mail
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Fix aging bases, buy submarines, air-defence systems, experts say Through military investment, Ms. Joly said she'd like to see Canada's aerospace sector rebuilt into something that resembles former versions of itself – such as in the 1950s, when the country was known for its Avro Arrow program. She'd also like to see the country's shipyards become an export market for the rest of the world. With the Defence Industrial Strategy on the way, Ms. Joly said the government isn't waiting to take action. Last week, she sent a mandate letter to the Business Development Bank of Canada, a Crown corporation, asking it to work with government on the development of the country's defence sector and sovereign capabilities, such as dual-use technology and military weapons and equipment. More specifically, she asked the bank to support small to medium-sized enterprises that make up the sector's supply chains. 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It'd be a shame if Ottawa bureaucracy got in the way This push to be more self-sustaining is already playing out in actions taken by companies such as Seaspan, which recently signed a memorandum of understanding with Ontario-based Algoma Steel Inc. ASTL-T and Stigterstaal Canada. The partnership was formed specifically to assess the feasibility of Algoma supplying steel to Seaspan to contribute to the future of Canada's shipbuilding sector. Strategic partnerships beyond our own borders will also be a key part of the Defence Industrial Strategy. While the U.S. continues to make decisions around tariffs and its economy that serve itself, Ms. Joly said Canada is working with other countries and NATO members to become more connected. 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Globe and Mail
31 minutes ago
- Globe and Mail
Bank staff play musical chairs with desks as return-to-office orders squeeze space
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CBC
an hour ago
- CBC
Ministers Island is latest tourist site planning to hand keys back to province
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Popular attractions include the mansion, bathhouse, livestock barn, windmill and walking trails that cross the island from shore to shore. It is one of many historic attractions in Saint Andrews. Kershaw argues that similar historic sites in the province, including Kings Landing, receive significantly more provincial funding even though they attract comparable numbers of visitors. According to its annual report, Kings Landing gets $3.7 million as a provincial operating grant on top of other non-recurring grants from the province. "We just feel that that level of difference is just not fair," Kershaw said. These historic sites are both owned by the province and operated by external boards. Kings landing saw 34,000 visitors last year and Ministers Island saw 24,000. Does 10,000 more visitors justify millions more in funding? The New Brunswick government bought Ministers Island in 1977, and the island was declared a national historic site about 20 years later. Ever since the Van Horne Estate on Ministers Island was set up this century, every chair of the board "has been calling on the government to enhance our level of funding," Kershaw said. The board functions as a custodian for the island, overseeing operations for the province. Operational funding to the island increased to $130,000 from $33,000 in the 2019-2020 fiscal year, then moved down to $100,000 in 2020-2021, where it has stayed each year since. Funding for the island also comes from various donations and non-recurring grants. WATCH | 'We're not fiscally sustainable' Uncertain future for Ministers Island 35 minutes ago The board is only able to hire one full-time paid employee to oversee operations on the island. The rest of the work is stretched among volunteer board members and seasonal employees. Kershaw said this is not enough help to sustain the island. The Department of Tourism, Heritage and Culture did not allow CBC News to interview Tourism Minister Isabelle Theriault and sent a statement instead. Despite the board's concerns, the statement said, the department is "committed to ensuring the continued conservation and public enjoyment of Ministers Island." "We renewed the funding that had been provided in previous years that Ministers Island received in the past," Premier Susan Holt said at a recent news when asked about the site's predicament. "At this point in time, the government doesn't have additional money to put more money into those heritage sites." Holt said that "the cost to operate is going up and that's leaving them with shortfalls. About $900,000 was cut from the provincial tourism budget in March. Not the first historical site to speak out The island's board is not the first to speak out about a lack of funding in New Brunswick. MacDonald Farm in Miramichi had to close because it didn't have the money to stay open. This historical site is also owned by the government but run by the Highland Society of New Brunswick at Miramichi. "We are a completely volunteer committee that operates this site and we just felt that having to fight to keep this site open is not something that we have the energy to do anymore," said society president Dawn Lamkey MacDonald. Impact on Saint Andrews tourism The lack of funding isn't just a worry for the Ministers Island board but also for the Explore Saint Andrews, the town's tourism marketing board. "Heritage and tourism is a big part of what draws people to Saint Andrews," said Explore Saint Andrews board member James Geneau. "I would argue that Minister's Island is an attraction that has lots of opportunity with a huge audience." Ganeau said that closing the island to tourists would have a significant impact on tourism that Saint Andrew's economy desperately depends on. "Losing that is going to be significant in terms of the overall offering that Saint Andrews can provide to tourists," Geneau said. "It's part of a broader offering which makes the area a destination for not just a night, but multiple days." Saint Andrews tourism works as a collective cluster with neighbouring sites such as the Huntsman Marine Science Center, Algonquin Golf Course, and the Blockhouse supporting each other, drawing visitors to stay in town for longer.
