(Updated to include Wedbush commentary)
Wedbush on Friday raised price target on Tesla (TSLA) to $500 from $350, saying the June launch will start the next era of growth for the company and Musk.
The brokerage said it foresees a "massive stage of valuation creation" based on a successful autonomous vision coming from the new Austin launch.
According to analysts Daniel Ives and Sam Brandeis, "We estimate the AI and autonomous opportunity is worth at least $1 trillion alone for Tesla", saying the company "could reach a $2 trillion market cap by the end of 2026 in a bull case scenario."
The brokerage kept its outperform rating on the company's stock.
Tesla has an average rating of overweight and mean price target of $311.62, according to analysts polled by FactSet.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 340.02, Change: -1.02, Percent Change: -0.30
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。