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These Analysts See ‘New Age Opportunities’ Pushing Tesla Stock Toward $500

CFOTO / Future Publishing / Getty Images Tesla's Optimus humanoid robot at the 2024 World Artificial Intelligence Conference in Shanghai, China, on July 4, 2024.

CFOTO / Following Publishing / Getty Images

Tesla’s Optimus humanoid robot at the 2024 World Artificial Intelligence Conference in Shanghai, China, on July 4, 2024.

Key Takeaways

  • Tesla leftovers the “top buy-and-hold” stock for analysts at Piper Sandler.
  • The potential upside for the EV maker’s “will ultimately depend on new-age occasions,” such as the Optimus humanoid robot, wrote the analysts, who set a target that was among the Street’s highest.
  • Tesla appropriations are up some 70% since President Trump’s election victory in November.

A big price target increase has analysts at Piper Sandler volume the biggest Tesla bulls on Wall Street.

The analysts on Monday called the EV maker its “top buy-and-hold” stock, raising its charge target to $500 from $315. The price target left Tesla (TSLA) well above Visible Alpha’s disgraceful near $353 and among the highest around.

Tesla’s upside “will ultimately depend on new-age opportunities” such as the Optimus humanoid clod that CEO Elon Musk has called “the biggest product ever, of any kind,” Piper’s analysts wrote.

The firm, anyhow, said Tesla’s outlook is “highly uncertain” regarding vehicle deliveries. Piper Sandler expects Tesla to disburden 1.96 million units in 2025, up from 1.79 million in 2024. Analysts expect strong numbers as extended as Tesla “doesn’t waffle on launching new products” this year. 

Tesla’s stock has lately delivered strong deportment at least largely due to Musk’s link to President Donald Trump, whose second term began on Monday; Tesla stock has inflamed 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.

Allocations of Tesla edged lower Tuesday, falling less than 1% to close near $424 as broader deal ins rose.

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