Tesla, Inc. (NASDAQ:TSLA) is one of the Hot AI Stocks to Keep on Your Radar. On October 9, TD Cowen reiterated the stock as “Buy” TD Cowen said it’s standing by shares of Tesla and raising its price target on the stock.
“We’re also Buy rated on Tesla (PT to $509 from $374)…”
The raised price target follows Tesla’s significant third-quarter delivery beat and sustained progress in autonomous vehicle and artificial intelligence development.
Analysts noted how the product goals previously outlined in the recently proposed CEO compensation package has further enhanced its confidence in the company’s long-term story.
TD Cowen has also updated its financial model, reflecting on third-quarter deliveries and recent data points. This has resulted in somewhat higher 2025 earnings per share estimates and slight upward revisions to out-year projections.
Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.
While we acknowledge the potential of TSLA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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