Why Cantor Is Sticking With Tesla (TSLA) on AI and Robotics

Tesla, Inc. (NASDAQ:TSLA) is one of the 10 AI Stocks Analysts Are WatchingOn February 2, Cantor Fitzgerald reiterated the stock as “Overweight,” stating that it’s sticking with Tesla. The firm believes that this year is transformational for Tesla as it transitions into autonomy, AI, and robotics.

“We are also bullish on Optimus and the opportunities in humanoid, though we remain conversative in our initial modeling assumptions. Overall, we remain bullish on TSLA over the medium to long term, and we view FY26 as a transformational year for the company as it transitions into autonomy, AI and robotics.”

Analysts on Wall Street have a consensus “Buy” rating on the stock. The average price target of $480 implies a 13.8% upside; however, the Street-high target of $600 implies an upside of 42.24%.

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Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.

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 this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.