Tesla (TSLA, $800.74) gets price target hike from Wedbush Securities analyst
Tesla got a healthy price-target hike from Wedbush Securities analyst Dan Ives.
Ives cited the electric carmaker’s “turning the corner” in demand and production recovery, following the covid-19 crisis.
Ives boosted his one-year price target on Tesla’s shares to $800, around a third higher than his prior target.
Amidst the challenges posed by the global pandemic, the company took a “major step forward” around addressing demand and production concerns with the Fremont artery now up and running following the resolution of Musk vs. Alameda County stand-off – according to Ives.
The analyst mentioned that while 2Q delivery numbers remain uncertain due to logistical issues in the pandemic, and with lockdown restrictions beginning to ease across the U.S. and Europe, the underlying demand for Model 3 in China seems strong, with a “solid” May and June likely and clear momentum heading into 2H.
TSLA enters an Uptrend as Momentum Indicator exceeded the 0 level on May 26, 2020
This indicator signals that TSLA's price has momentum to move higher, since its current price moved above its price 14 days ago. Traders may consider buying the ticker or exploring call options. In 50 of 69 cases where TSLA's Momentum Indicator exceeded 0, its price rose further within the subsequent month. The odds of a continued Uptrend are 72%.
ScorecardSTRONG BUY
Technical Indicators: 2 bullish, 72%, 3 bearish, 76%
Fundamental Ratings (best 1 - 100 worst): Profit vs. Risk 26
Current price $803.39 is above $781.88 the highest resistance line found by A.I. Throughout the month of 04/23/20 - 05/26/20, the price experienced a +16% Uptrend. During the week of 05/18/20 - 05/26/20, the stock enjoyed a +0.64% Uptrend growth.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Aroon Indicator entered an Uptrend today. In 188 of 260 similar cases where TSLA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 72%.
Bearish Trend Analysis
The RSI Indicator appears to be shifting from an Uptrend to a Downtrend. In 30 of 39 cases where TSLA's RSI indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 77%.
The Stochastic Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Moving Average Convergence Divergence (MACD) crossed below the signal line. In 32 of 44 cases where TSLA's MACD histogram became negative, the price fell further within the following month. The odds of a continued Downtrend are 73%.
Fundamental Analysis (Ratings)
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 79%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.09.
The Tickeron Profit vs. Risk Rating rating for this company is 26 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 95, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 34 (best 1 - 100 worst), indicating steady price growth. TSLA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 91 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: TSLA's P/B Ratio (16.51) is very high in comparison to the industry average of (3.68). P/E Ratio (0.00) is within average values for comparable stocks, (37.87). TSLA's Projected Growth (PEG Ratio) (0.00) is slightly lower than the industry average of (0.86). Dividend Yield (0.00) settles around the average of (2.02) among similar stocks. P/S Ratio (4.01) is also within normal values, averaging (8.07).
The Tickeron Seasonality Score of 95 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is 97 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 100 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
TSLA sees MACD Histogram just turned negative
TSLA saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 16, 2026. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 46 instances where the indicator turned negative. In 37 of the 46 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 80%.
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TSLA declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 78%.
TSLA broke above its upper Bollinger Band on September 03, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The Momentum Indicator moved above the 0 level on September 16, 2026. You may want to consider a long position or call options on TSLA as a result. In 61 of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 73%.
TSLA moved above its 50-day moving average on September 08, 2026 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for TSLA crossed bullishly above the 50-day moving average on September 08, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 11 of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 73%.
Following a +5.69% 3-day Advance, the price is estimated to grow further. Considering data from situations where TSLA advanced for three days, in 271 of 338 cases, the price rose further within the following month. The odds of a continued upward trend are 80%.
The Aroon Indicator entered an Uptrend today. In 190 of 247 cases where TSLA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 77%.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 18 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 58 (best 1 - 100 worst), indicating steady price growth. TSLA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 72 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. TSLA’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 91, placing this stock better than average.
The Tickeron SMR rating for this company is 84 (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 99 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (16.287) is normal, around the industry mean (8.779). P/E Ratio (331.556) is within average values for comparable stocks, (579.741). Projected Growth (PEG Ratio) (4.281) is also within normal values, averaging (3.035). TSLA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.039). TSLA's P/S Ratio (12.225) is slightly higher than the industry average of (2.589).
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a manufacturer of electric sports cars
Industry MotorVehicles
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