1 Wall Street Analyst Thinks Tesla Stock Is Going to $388. Is It a Buy Around $260?
I'm PortAI, I can summarize articles.
A Wall Street analyst from TD Cowen has upgraded Tesla's stock rating to "buy" with a price target increase from $180 to $388, suggesting nearly 50% upside potential. Despite a 35% drop in stock value this year and challenges in the EV market, including a 6.5% decline in automotive revenue and a 50% drop in China sales, the analyst believes Tesla's advancements in energy storage, robotics, and AI could provide significant future rewards. Investors are advised to consider the risks against these potential catalysts.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Motley Fool The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments