Morgan Stanley analyst Adam Jonas maintained a Buy rating on Tesla (TSLA – Research Report) yesterday and set a price target of $410.00.
Adam Jonas has given his Buy rating due to a combination of factors that highlight Tesla’s strategic positioning in emerging technologies. He emphasizes Tesla’s capabilities in areas such as autonomous vehicles, humanoid robots, and other innovative technologies, which present significant growth and margin opportunities beyond the traditional electric vehicle market.
Jonas believes that Tesla’s involvement in these advanced sectors, including data, robotics, energy storage, and infrastructure, positions the company to capitalize on the anticipated growth in the humanoid robotics market. This market is projected to surpass the global auto industry in size, offering Tesla a substantial competitive advantage and potential for long-term revenue expansion.
In another report released yesterday, Cantor Fitzgerald also maintained a Buy rating on the stock with a $355.00 price target.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TSLA in relation to earlier this year.