In this article, we will list the 5 Best EV Stocks to Buy For Long Term Investment. Please visit 12 Best EV Stocks to Buy For Long Term Investment if you would like to see the extended list and the methodology behind it.
5. EVgo, Inc. (NASDAQ:EVGO)
On March 25, 2026, JPMorgan downgraded EVgo, Inc. (NASDAQ:EVGO) to Neutral from Overweight after assuming coverage, without assigning a price target. The firm said EVgo presents a compelling long-term opportunity given its recurring revenue model and potential to grow faster than the broader U.S. electric vehicle market, but sees limited near-term catalysts and expects margin expansion to take time, with profitability likely to “remain subdued” through at least the third quarter.
On March 12, 2026, Morgan Stanley lowered its price target on EVgo, Inc. (NASDAQ:EVGO) to $3.50 from $4.50 and maintained an Equal Weight rating following Q4 results. The firm noted that while FY26 guidance came in softer than expected, the longer-term investment thesis remains intact.
Earlier in March, EVgo reported Q4 EPS of (4c) versus (11c) a year ago, with revenue of $118.5M compared to the $102.61M consensus. CEO Badar Khan said the company expanded its network with more than 500 new stalls in Q4, bringing the total to 5,100 by year-end, while achieving positive adjusted EBITDA for both the quarter and full year 2025. Looking ahead to 2026, the company plans to accelerate deployment, expand NACS connector adoption, enhance customer experience, deepen partnerships, and roll out next-generation charging infrastructure as part of its long-term growth strategy.
EVgo, Inc. (NASDAQ:EVGO) operates a fast-charging network for electric vehicles in the United States.
4. Aptiv PLC (NYSE:APTV)
On April 13, 2026, Goldman Sachs analyst Mark Delaney reinstated coverage of Aptiv PLC (NYSE:APTV) with a Buy rating and a $74 price target on the shares following the spin-off of its Electrical Distribution Systems business into a standalone company, Versigent. Mark Delaney said Aptiv’s growing exposure to non-automotive segments, particularly industrial, aerospace and defense, could support growth above the Tier 1 supplier group median, while also pointing to improving trends in Class 8 trucking and expectations for relatively stable auto production supporting its core business.
On April 5, 2026, Wells Fargo lowered its price target on Aptiv PLC (NYSE:APTV) to $81 from $93 previously and maintained an Overweight rating on the shares. The firm noted that following the spin-off of Versigent, the remaining business is more focused on higher Growth-over-Market products, with Wells Fargo projecting mid-single-digit outperformance versus the broader market over the next five years, supporting potential value creation based on its updated sum-of-the-parts analysis.
Aptiv PLC (NYSE:APTV) provides technology solutions for automotive and industrial applications globally.
3. BorgWarner Inc. (NYSE:BWA)
On April 14, 2026, UBS raised its price target on BorgWarner Inc. (NYSE:BWA) to $56 from $55 and maintained a Neutral rating. The firm said valuations have become more reasonable after turning cautious following Q4 results and 2026 guidance, though it remains uncertain whether any structural improvement has occurred. UBS noted that while demand concerns and potential production cuts could weigh on sentiment and near-term margins may face pressure from inflation, expectations have already reset lower, suggesting that even modest downside revisions or reiterated guidance could be received positively by investors.
On March 30, 2026, Wells Fargo lowered its price target on BorgWarner to $68 from $75 and kept an Overweight rating. The firm said Q1 trends appear largely in line with expectations, but flagged a more cautious outlook for the full year, citing weaker China light vehicle production, downside risks tied to the Iran conflict, and reduced FX tailwinds due to a stronger U.S. dollar.
Meanwhile, Wolfe Research upgraded BorgWarner to Outperform from Peer Perform with a $68 price target. The firm acknowledged investor skepticism but pointed to potential upside from the company’s Power Generation segment, citing competitive specifications, favorable supply-demand dynamics, and a “compelling TCO” profile. Under conservative assumptions, Wolfe estimates the segment could scale to approximately $2B in revenue and contribute about $23 per share in value.
BorgWarner Inc. (NYSE:BWA) provides propulsion and mobility solutions for combustion, hybrid, and electric vehicles globally.
2. Dana Incorporated (NYSE:DAN)
On April 14, 2026, UBS raised its price target on Dana Incorporated (NYSE:DAN) to $42 from $40 and maintained a Buy rating. The firm said valuations now appear more reasonable after becoming more cautious following Q4 results and 2026 guidance, which had highlighted limited upside and reliance on multiple expansion. UBS added that while demand concerns and potential production cuts could pressure sentiment and near-term margins may face inflationary cost headwinds, expectations have reset lower, meaning even modest downside revisions or credible guidance reiteration could be viewed positively by investors.
On March 29, 2026, Barclays raised its price target on Dana to $41 from $32 and maintained an Overweight rating as part of a broader update across the autos and mobility group ahead of Q1 earnings.
On March 24, 2026, Dana outlined its “Dana 2030” long-term plan, targeting approximately $10B in annual sales by 2030, representing a 33% increase from its 2026 guidance. The plan includes adjusted EBITDA margins of 14%–15%, implying a 400 basis point improvement driven by higher-margin new business, operational efficiencies, structural cost actions, and disciplined investments. The company also targets an adjusted free cash flow margin of around 6%, or about 200 basis points above 2026 guidance, and up to $2B in cumulative share repurchases through 2030, building on $765M already completed.
Dana Incorporated (NYSE:DAN) provides power and energy management solutions for vehicle applications globally.
1. Tesla, Inc. (NASDAQ:TSLA)
On April 13, 2026, UBS analyst Joseph Spak upgraded Tesla, Inc. (NASDAQ:TSLA) to Neutral from Sell with an unchanged price target of $352. Joseph Spak said current share levels “more evenly balance” near-term demand challenges and investment needs against Tesla’s longer-term physical AI opportunity, noting the stock tends to trade more on sentiment and momentum than fundamentals. UBS cited concerns around EV demand, a Q1 energy shortfall, rising costs, higher capital spending, and slower-than-expected progress in robo-taxi and Optimus initiatives, though it continues to see Tesla as a long-term leader in physical AI.
On April 12, 2026, RBC Capital lowered its price target on Tesla to $480 from $500 and maintained an Outperform rating as part of a broader Q1 preview for global autos. RBC said macro pressures tied to Middle East tensions have weighed on OEMs and suppliers, adding that while higher fuel prices could support EV adoption in Europe, demand shifts in the U.S. remain more dependent on government incentives. The firm also noted that resolution of the USMCA trade framework could face delays due to geopolitical developments.
Earlier in April, Tesla reported first-quarter production of over 408,000 vehicles, deliveries of more than 358,000 vehicles, and deployment of 8.8 GWh of energy storage products. Wedbush said deliveries came in slightly below consensus expectations, highlighting continued weakness in Europe amid regulatory hurdles for full self-driving approvals, while China remained a bright spot with deliveries up 35% year-over-year in the first two months of 2026. Wedbush added that while the delivery figures were underwhelming, they were largely expected given the broader EV environment.
Tesla, Inc. (NASDAQ:TSLA) produces electric vehicles and energy storage solutions globally.
While we acknowledge the potential of TSLA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSLA and that has 100x upside potential, check out our report about the cheapest AI stock.
READ NEXT: 10 Best Stocks That Beat Earnings Estimates and 10 Best 52-Week Low NASDAQ Stocks to Buy Now.
Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.
Hedge Fund Resource Center