J.P. Morgan Drops 65% Bearish Tesla Call and Lifts Price Target
TSLA•J.P. Morgan terminated its bearish Tesla forecast that predicted a 65% share price drop and simultaneously upgraded the stock with a price target increase. The researchers cited accelerating delivery volumes and improved margin projections, signaling a marked shift from their prior negative outlook.
1. J.P. Morgan Ends Bearish Forecast
J.P. Morgan's equity research team dropped its call predicting a 65% Tesla share decline, reversing a year-long negative outlook.
2. Price Target Raised
Alongside ending its bearish stance, the team upgraded Tesla and increased its 12-month price target, reflecting stronger-than-expected delivery growth and expanding operating margins.
3. Market Reaction and Outlook
This strategic pivot may boost investor confidence and fuel share gains as solid Model Y demand drives revenue momentum.
