Wall Street Analyst Boosts Tesla Stock Price Target by $106: Is It Time to Buy?

Reported 3 days ago

Tesla's stock saw a significant rise in 2024, gaining over 62%, although it faced disappointment with lower-than-expected fourth-quarter deliveries. Analyst George Gianarikas raised his price target by $106 to $404, maintaining a buy rating due to the company's growth potential, notably in its self-driving technology and energy storage solutions. Despite recent challenges, Gianarikas remains optimistic about Tesla's future, emphasizing that the stock is a buy if its upcoming products succeed.

Source: YAHOO

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