With Tesla’s stock closing in on the $400 per share mark, Investing.com’s poll aims to assess investor sentiment on how far it can run by the end of the year. Analysts are unsure, with Morgan Stanley raising its target to $400 and reiterating it as a top pick, while Cantor Fitzgerald raised its target to $365 from $255 and maintained a Neutral rating.
Cantor Fitzgerald is becoming more bullish on Tesla’s Robotaxi and Self-Driving segments, citing President-elect Trump’s plans to develop a federal framework for self-driving vehicles in the United States and an update to the company’s FSD software. The firm noted that the updated software has received positive feedback from limited customers and brings Tesla closer to its Robotaxi launch.
Despite this, Cantor Fitzgerald remains neutral on Tesla’s valuation and awaits a better entry point. The firm does not expect Tesla to hit $500 a share by the end of 2024.