rajlaxmee4ms
South Korea
$TSLA (Tesla Motors, Inc.) , Tesla’s Long Term Prospect -TSLA stock is a “buy” 12 months ahead. It bears noting that Tesla reported a record-high free cash flow of $2 billion in Q4 ‘23, a 45% year-over-year increase. Companies typically stack strong free cash flow ahead of economic contractions (recessions) to power through. So far, Tesla’s revenue CAGR for five years is 35.2%, under the 50% that Elon Musk forecasted in early 2021. Equally so, in January 2022, Musk said that he expects growth to be “comfortably above 50%” in 2022. If a recession unfolds this year, the company could fail to deliver this goal for the third consecutive year. However, given Tesla’s dominant EV market position in the US, the long prospect of scaling production and batteries remains in Elon Musk’s favor. Based on 32 analyst inputs pulled by Nasdaq, TSLA stock is a “buy” 12 months ahead. The average TSLA price target is $218.75 vs the current $194.77. The high estimate is $345, while the lowest forecast is $23.53 per share.
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