Investment bank Cantor Fitzgerald kept a Buy rating on TSLA stock today, citing what it sees as the company’s multiple, significant, positive catalysts.
Cantor maintained a $425 price target on the name.
Tesla, Inc. (TSLA)’s Upbeat Drivers
Tesla, Inc. (TSLA) is slated to launch its robotaxis next month, and it also plans to release a more affordable EV in June, Cantor noted.
Further, CEO Elon Musk has said that he will soon spend more time managing the automaker, and the company should benefit from the launch of its automated driving system in China earlier this year, according to the investment bank.
Finally, the company is slated to start delivering its humanoid robot in 2027, and it’s supposed to launch its Tesla Semi Truck in 2026. The latter EV will leave the company poised to enter the self-driving truck market, according to Cantor.
The Recent Price Action of Tesla, Inc. (TSLA)
In the last month, the stock has surged 49%, while it has fallen 5% in the last three months.
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This article is originally published at Insider Monkey
