Tesla Draws 79% Upside Prediction From Analyst Betting On 'Impressive' Full Self-Driving
Portfolio Pulse from Benzinga Neuro
Tesla Inc (NASDAQ: TSLA) has been given a 79% upside prediction by RBC Capital Markets analyst Tom Narayan, despite a 14.5% decline in its stock over the past year and lower-than-expected vehicle deliveries for Q1 2024. Narayan's optimism is largely based on Tesla's full self-driving (FSD) product, which he sees as a significant near-term catalyst. The average price target among 51 analysts is $198.87, suggesting a 19.4% potential upside.
April 04, 2024 | 4:20 am
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Tesla Inc (NASDAQ: TSLA) receives a bullish 79% upside prediction from RBC Capital Markets analyst Tom Narayan, despite recent stock decline and lower-than-expected Q1 2024 vehicle deliveries. The optimism is driven by the potential of Tesla's full self-driving product.
The bullish prediction by Tom Narayan is significant given the recent 14.5% decline in Tesla's stock and disappointing Q1 2024 vehicle deliveries. Narayan's focus on the full self-driving product as a key catalyst for growth, despite these setbacks, suggests a strong belief in Tesla's innovation and market potential. This optimism, especially in the context of Tesla's diverse opinions among analysts, could influence investor sentiment positively in the short term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100