From Nasdaq: 2025-04-16 09:11:00

Shares of Tesla Inc. closed around $254, showing a potential turnaround after a 50% drop from its all-time high. Analysts from Mizuho, Wedbush, and Benchmark reaffirmed Buy ratings with price targets ranging from $315 to $375, implying a 50% upside. Despite lowered revenue and EPS forecasts, Tesla remains a leader in the EV space.

With a technical double-bottom pattern forming and positive momentum indicators, Tesla’s stock is gaining traction. Anticipation for earnings next week is building as Wall Street analysts maintain their bullish stance. While Mizuho lowered its revenue and EPS forecasts, they still believe in Tesla’s long-term potential in autonomy and software-enabled margin expansion.

Tesla’s upcoming earnings report could be a key catalyst for a potential upside move. Despite lowered expectations, a modest beat could trigger a major rally, given the recent stabilization in price action. The stock’s volatility presents an opportunity for risk-tolerant investors, especially with analyst support and a developing rally.

As Tesla approaches earnings next week, the stock’s stability and recent analyst support could lead to a significant move. With the potential for a powerful rally after a heavy drawdown, investors are watching closely for the next big move. Tesla’s volatility may present an opportunity for those willing to take on the risk.



Read more at Nasdaq:: Tesla Stock Eyes Breakout With Earnings on Deck