Tesla: Wedbush Securities raises TP
(CercleFinance.com) - Wedbush Securities announced on Monday that it had raised its target price for Tesla shares from $300 to $400, in view of Donald Trump's forthcoming return to the White House.
The US broker, which maintains its 'outperform' rating on the stock, believes that the Republican candidate's arrival in power will be a 'game-changer', giving a boost to the development of AI and autonomous driving via the sector's deregulation.
According to its calculations, for Tesla alone, both these elements could represent, a windfall of around $1,000bn over the coming years.
With this prospect, it points out in its study that Tesla's market cap could reach $1,500bn, or even 2 trillion dollars within the next 12 to 18 months, compared with around 1 trillion at present.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
The US broker, which maintains its 'outperform' rating on the stock, believes that the Republican candidate's arrival in power will be a 'game-changer', giving a boost to the development of AI and autonomous driving via the sector's deregulation.
According to its calculations, for Tesla alone, both these elements could represent, a windfall of around $1,000bn over the coming years.
With this prospect, it points out in its study that Tesla's market cap could reach $1,500bn, or even 2 trillion dollars within the next 12 to 18 months, compared with around 1 trillion at present.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.