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Tesla has ‘abundant’ positives, few negatives: Analyst

DeFi Daily News by DeFi Daily News
December 3, 2024
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Tesla has ‘abundant’ positives, few negatives: Analyst
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Senior Research Analyst Craig Irwin upgraded his outlook on Tesla (TSLA), raising his rating from Neutral to Buy and increasing his price target from $85 to $380 per share. Irwin joins Morning Brief to provide insights into his bullish perspective on the electric vehicle manufacturer. “This quarter, I think, is gonna be the last quarter where we see a relative weakness for Tesla,” Irwin states. He highlights the surge in investor enthusiasm since the recent election, noting that public perception has dramatically shifted. “I think a lot of people are looking at Tesla going, ‘Wow… [Elon] Musk’s a pretty cool guy, let’s go check this thing out.” Irwin’s forecast centers on several key growth drivers. He anticipates increased market share and sales for the company, with particular excitement around Tesla’s AI and robotics segments. “There’s an abundant list of catalysts on the positive side. And on the negative side, there’s really not much,” he tells Yahoo Finance.
#TESKA #TRUMP #stocks
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Tags: abundantAnalystBondsbusinessCurrenciesEquitiesFXInvestingInvestmentMarketMarketsMoneynegativesNewsNYSEPersonal FinancePoliticspositivesSavingsStock marketstocksTeslaYahoo FinanceYahoo FInance Premium
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