Tesla Price Target Raised By Analyst, Maintains 'Buy' Rating Citing Anticipated Sales Boost And FSD

Benzinga 2025-01-07

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Tesla has received a higher price target from Stifel, reiterating its "Buy" rating for the stock. Following Tesla's fourth quarter and fiscal year 2024 delivery results, Stifel raised its price target from $411 to $492 per share. Analysts cited the potential removal of the $7,500 federal tax credit, affordable new vehicle releases, and anticipated sales boosts from the revamped Model 3 and Model Y refresh. They also highlighted Tesla's AI-driven Full Self-Driving technology, which could be licensed to other automakers and supports initiatives like the Cybercab and Robovan. Stifel expects Tesla to achieve robust growth in 2025 to 2027 and beyond.

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