Analyst George Gianarikas from Canaccord Genuity believes that Tesla is set to outperform in the coming months due to several catalysts. He has a buy rating on the electric vehicle maker and has raised his price target to $298, indicating over 10% upside potential. Gianarikas expects Tesla’s earnings trends to improve and surpass other top companies next year. He also sees long-term growth opportunities in EVs, autonomy/AI, energy storage, and robotics. After Tesla reported strong third-quarter earnings and CEO Elon Musk’s optimistic predictions, the stock rallied 22% last week. The analyst remains bullish on Tesla’s technical outlook and expects further growth. Shares were slightly higher in premarket trading, with a YTD increase of over 8% in 2024.
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