Why Tesla Stock Is Jumping Today
(NASDAQ: TSLA) stock is climbing in Thursday's trading. The electric vehicle (EV) company's share price was up 3.7% as of 2:30 p.m. ET.
Tesla stock is gaining ground today following bullish coverage from Bank of America analyst John Murphy. The analyst raised the bank's one-year price target on the stock from $350 per share to $400 per share, which suggests additional pricing upside of roughly 8.5% as of this writing.
Before the market opened this morning, Murphy published a note reiterating a buy rating on Tesla and raising his one-year price target on the stock from $350 per share to $400 per share. Murphy's buy rating and price target increase comes on the heels of a recent tour of Tesla's Texas Gigafactory and meetings with investor relations officials. Murphy thinks Tesla has a strong outlook heading into 2025 and that its robataxi launch, robotics projects, full self-driving software, and margin improvements for the core business could be positive catalysts for the stock.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 119 Buy predictions and 45 Sell predictions.
With a target price of 400 € there is a slightly positive potential of 4.58% for Tesla Inc compared to the current price of 382.5 €.
