Wall Street Analysts are Recommending These 5 Stocks in September

3. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 72

Wolfe Research analyst Rod Lache improved his ratings for Tesla, Inc. (NASDAQ:TSLA) from “Peer Perform” to “Outperform,” and issued a price target of $360 on Tuesday, September 6, 2022.

Lache pointed towards the recently passed Inflation Reduction Act and how electric vehicle makers, like Tesla, Inc. (NASDAQ:TSLA), could benefit from it. He also raised his 2023 earnings projection to $7.40 per share, from his previous estimate of $6.12 per share.

Separately, Tesla, Inc. (NASDAQ:TSLA) also appeared in the second-quarter 2022 investor letter of asset management firm Baron Funds. Here’s what the firm said:

“In 2014, before we began to invest in Tesla (NASDAQ:TSLA), I called Roger to ask whether he thought Elon Musk’s electric car business would succeed. I did not believe that Roger, an owner of dealerships that sell cars powered by internal combustion engines (ICE) would likely have a favorable opinion of Tesla’s prospects. That was principally for two reasons….” (Click here to see the full text)