🎯 What is the historical accuracy of analyst price targets for TSLA in the past year?

The historical accuracy of analyst price targets for Tesla (TSLA) over the past year reveals a generally favorable performance. Here’s a detailed analysis:

1. **Frequency and Win Rates**: Analysts set price targets for TSLA 249 times over the past year. The 3-day win rate was 49.80%, the 10-day win rate was 55.02%, and the 30-day win rate was 62.65%. This indicates that a majority of the time, the stock either met or exceeded the analysts’ short-term price targets.
2. **Returns**: The average returns for the 3-day, 10-day, and 30-day periods were 0.98%, 2.43%, and 7.20%, respectively. The maximum return during the backtested period was 10.23%, which occurred on day 59. This suggests that while the returns were modest, they still reflected positive gains in the short term, and the strategy of using analyst price targets could have yielded reasonable profits.

In conclusion, analyst price targets for TSLA have shown a good track record of accuracy, especially in the short term. This could be due to a variety of factors, including Tesla's significant market presence, the analysts' expertise, and the broader economic conditions. However, it's important to note that past performance is not always indicative of future results, and investors should consider other factors and market dynamics when making investment decisions.