Tesla's Stock Price Target Raised to $411 by Stifel, Roth MKM Upgrades to Buy Post-Trump Election

Dec 2, 2024, 12:03 PM

Tesla Inc. has seen its stock price target raised by Stifel from $287 to $411, reflecting a clearer path to full self-driving (FSD) and Cybercab, as well as updated financial models. Stifel maintains its Buy rating on the stock, citing confidence in Tesla's AI and self-driving technology. Additionally, Roth MKM upgraded Tesla from Neutral to Buy, setting a new price target at $380 from $85, influenced by Elon Musk's support for Donald Trump, which they believe has expanded Tesla's market and improved its demand outlook. Analyst Dan Ives from Wedbush also views Tesla as the most undervalued AI name in the market, suggesting that the company's autonomous technology could be worth a trillion dollars.