Tesla Price Target Raised To $300 By Wedbush Analyst Dan Ives Amid $1 Trillion Tech Potential: 'The Most Undervalued AI Name'
Portfolio Pulse from Benzinga Neuro
Wedbush analyst Dan Ives has raised Tesla's price target to $300, citing a positive shift in demand and the potential of Tesla's AI story, which he believes could be worth over $1 trillion. Despite a year-on-year decline in Q2 deliveries, Tesla's performance has improved, leading to a significant stock rally.
July 03, 2024 | 1:28 am
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Wedbush analyst Dan Ives has raised Tesla's price target to $300, with a bull case of $400, due to a positive shift in demand and the potential of Tesla's AI story, which he believes could be worth over $1 trillion. Despite a year-on-year decline in Q2 deliveries, Tesla's performance has improved, leading to a significant stock rally.
The raised price target and positive outlook on Tesla's AI potential are likely to boost investor confidence, leading to a short-term increase in Tesla's stock price. The improved performance despite Q2 delivery declines further supports this positive sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100