Tesla (TSLA) Stock: TD Cowen Reiterates Buy Rating, Price Target $374

Tesla, Inc. (NASDAQ:TSLA) is one of the  AI Stocks in the Spotlight for Investors. On September 12, TD Cowen analyst Itay Michaeli reiterated a Buy rating on the stock with a $374.00 price target.

The rating affirmation follows a special sell-side call with the Special Committee of the Board to discuss the recent CEO compensation proposal in the proxy filing.

The firm said it now has a clearer understanding of those proposals and that Tesla’s product milestones are well-aligned with the company’s thesis.

Analysts believe that the early milestones are achievable by 2030, while the remaining milestones will reflect Tesla’s bold long-term growth ambitions.

“The four Product Goals outlined in the proxy provide a good read on Tesla’s LT strategic priorities. By our estimation, the initial achievement of the four product goals would seem to align with the first two EBITDA milestones of $50/$80bln (our 2030E EBITDA = $53bln). Thus, our working assumption is that these product goals are possibly contemplated for achievement around ~2030 (give/take) within the 10yr plan, with remaining EBITDA milestones (up to $400bln) reflecting scalability ambitions.”

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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Disclosure: None.