Key Takeaways
- Tesla remains the “top buy-and-hold” stock for analysts at Piper Sandler.
- The potential upside for the EV maker's stock “will ultimately depend on new-age opportunities,” such as the Optimus humanoid robot, wrote the analysts, who set a target that was among the Street's highest.
- Tesla shares are up some 70% since President Trump's election victory in November.
A big price target increase ha꧅s analyst🀅s at Piper Sandler among the biggest Tesla bulls on Wall Street.
The analysts on Monday called the EV maker its “top buy-and-hold” stock, raising its price target to $500 from $315. The price target left Tesla (TSLA) well abo⛦ve Visible Alpha's mean near $353 and among the highest around.
Tesla’s upside “will ultimately depend on new-age opportunities” such as the 澳洲幸运5官方开奖结果体彩网:Optimus humanoid robot that CEO 澳洲幸运5官方开奖结果体彩网:Elon Musk has cal♈led “the biggest prod♒uct ever, of any kind," Piper's analysts wrote.
The firm, however, said Tesla's outlook is “highly uncertain” regarding vehicle deliveries. Piper Sandler expects Tesla to deliver 1.96 million units in 2025, up from 1.79 million in 2024. Analysts expect strong numbers as long as Tesla “doesn’t waffle on launching new products” this year.
Tesla’s stock has lately delivered 澳洲幸运5官方开奖结果体彩网:strong performance at least largely due to Musk’s link to President Donald Trump, whose second term began on Monday; Tesla stock has risen roughly 70% since Trump was elected. The long-term effect of Trump's revocation of a Biden administration EV mandate has yet to be seen.
Shares of Tesla edged lower Tuesday, falling less than 1% to close near $424 as 澳洲幸运5官方开奖结果体彩网:broader markets rose.