Gary Black's Price Target Boost for Tesla on the Back of AI and Robotics Emphasis

Saturday, 6 July 2024, 05:37

Tech analyst Gary Black raises Tesla's price target and EPS estimates, emphasizing AI and robotics focus for future growth and optimism towards 2030.
Benzinga
Gary Black's Price Target Boost for Tesla on the Back of AI and Robotics Emphasis

Summary:

Tech analyst Gary Black's revised price target for Tesla highlights the role of AI and robotics in driving the stock valuation, with a focus on future growth potential.

Key Points:

  • Price Target Increase: Gary Black raises Tesla's price target to $270.
  • Optimistic Earnings Forecast: EPS estimate for 2024 up to $2.4, showing confidence in future profitability.
  • AI and Robotics Emphasis: Black's analysis underscores the significance of Tesla's focus on AI and robotics technologies for long-term success.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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