Tesla Stock Soars on Analyst Upticks Amid Optimism Over EVs and FSD Tech

Analysts have upgraded their views on Tesla Inc., increasing price targets for the electric vehicle (EV) company’s stock after a recent upgrade by Roth MKM from “neutral” to “buy.” Bank of America Securities raised its target price to $400, while maintaining a “buy” rating. Senior Automotive Analyst John Murphy visited Tesla’s gigafactory in Texas and praised the company’s full self-driving technology.

Meanwhile, Roth MKM analyst Craig Irwin upgraded his price target by 347% from $85 to $380 and changed his rating from “neutral” to “buy,” citing abundant positive catalysts for the EV maker. Guggenheim raised its target price from $156 to $175 while maintaining a “sell” rating.

Despite some analysts downgrading Tesla, those who upgraded have given the company’s stock a strong endorsement. The consensus rating among analysts is now “Buy,” with an average price target of $318.33 and a 13.8% upside potential.

Tesla shares closed up 3.2% at $369.49 on Thursday, bringing the year-to-date gain to nearly 49%.

Source: https://www.benzinga.com/24/12/42358854/multiple-analysts-hike-price-target-on-tesla-days-after-bear-turned-bullish