3 Electric Vehicle (EV) Stocks With 176% to 705% Upside, According to Wall Street
Wall Street is always looking for its next-big-thing investment. While artificial intelligence (AI) is currently garnering a lot of attention, it's electric vehicles (EVs) that may have the more impressive runway.
According to estimates from Beyond Market Insights, the global EV market is expected to grow by a compound annual rate of 22.5% between 2022 and 2030. Meanwhile, the International Energy Agency expects that, by 2030, EVs will represent more than 60% of vehicles sold globally. In other words, EVs are about as surefire a growth opportunity as it gets.
The big question is this: Which companies are poised to benefit? Wall Street analysts and pundits believe they have the answer. Based on the non-time-specific price targets offered by three analysts/pundits, the following three EV stocks offer 176% to 705% upside.
Source Fool.com
