Analyst Andres Sheppard of Cantor Fitzgerald maintained a Buy rating on Tesla (TSLA – Research Report), retaining the price target of $425.00.
Andres Sheppard has given his Buy rating due to a combination of factors that suggest potential growth for Tesla. Despite missing consensus estimates for vehicle deliveries and production in the first quarter of 2025, Tesla’s expansion into new segments and markets presents significant opportunities. The company is poised to introduce its Robotaxi segment and expand its Full Self-Driving (FSD) software in China and Europe, which are expected to drive future growth.
Additionally, Tesla’s efforts to introduce a lower-priced vehicle and increase energy storage deployments highlight its commitment to diversifying its product offerings and expanding its market reach. These strategic initiatives, combined with the potential for high volume production of the Optimus Bot and the introduction of the Semi Truck, underpin Sheppard’s optimistic outlook. Despite the challenges, such as regulatory hurdles and competition, the long-term growth prospects and upcoming catalysts justify the Buy rating.
According to TipRanks, Sheppard is an analyst with an average return of -3.8% and a 35.09% success rate. Sheppard covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Lucid Group, and EVgo.
In another report released today, RBC Capital also maintained a Buy rating on the stock with a $320.00 price target.