Wall Street analyst upgrades Tesla stock to a buy with $388 price target

From Nasdaq: 2025-03-09 08:08:00

Tesla (NASDAQ: TSLA) is more than just an EV maker, with a growing energy storage business and plans for fully self-driving vehicles. The stock has dropped 35% this year, but TD Cowen analyst upgraded it to a “buy” with a $388 price target, citing potential upside of nearly 50%.

Despite challenges in Tesla’s EV business, analyst Itay Michaeli sees potential in other areas like autonomous vehicles and robotics. Investors must weigh risks against future rewards, as Tesla’s self-driving car aspirations need to succeed for the stock to be worth owning.

Don’t miss out on potential lucrative opportunities like Nvidia, Apple, and Netflix. Our expert analysts issue “Double Down” alerts for companies about to pop, offering a second chance to invest before it’s too late. Act now for potential high returns on your investment.

Citigroup is an advertising partner of Motley Fool Money. Howard Smith holds positions in Tesla, while The Motley Fool recommends and has positions in Tesla. Make informed decisions and consider all factors before investing in any stock.



Read more at Nasdaq: 1 Wall Street Analyst Thinks Tesla Stock Is Going to $388. Is It a Buy Around $260?