Tesla: Wedbush raises target price
(CercleFinance.com) - On Wednesday Wedbush Securities announced that it has raised its target price for Tesla shares from $515 to $550 (cp: $415, -2%), and sees them potentially reaching $650 this year in the event of a favorable scenario surrounding them.
The US broker - which maintains its buy recommendation on the stock - says it is not only confident in the evolution of demand for its electric vehicles this year, but also on an acceleration in the adoption of autonomous driving with the return of Donald Trump to the White House.
We believe Tesla is currently the most undervalued case to play the AI theme, it writes.
Wedbush estimates that the group's market capitalization could reach $1 trillion as early as this year, and potentially a valuation of $2 trillion in the next 12 to 18 months with the development of autonomous driving and the deployment of its 'cybertaxi' project, which it sees as a possible 'golden goose'.
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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 US broker - which maintains its buy recommendation on the stock - says it is not only confident in the evolution of demand for its electric vehicles this year, but also on an acceleration in the adoption of autonomous driving with the return of Donald Trump to the White House.
We believe Tesla is currently the most undervalued case to play the AI theme, it writes.
Wedbush estimates that the group's market capitalization could reach $1 trillion as early as this year, and potentially a valuation of $2 trillion in the next 12 to 18 months with the development of autonomous driving and the deployment of its 'cybertaxi' project, which it sees as a possible 'golden goose'.
Copyright (c) 2025 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.