Updated
Updated · Bloomberg · Jun 5
JPMorgan Upgrades Tesla to Hold, Lifts Price Target to $475 After Analyst Switch
Updated
Updated · Bloomberg · Jun 5

JPMorgan Upgrades Tesla to Hold, Lifts Price Target to $475 After Analyst Switch

3 articles · Updated · Bloomberg · Jun 5

Summary

  • $475 is JPMorgan's new Tesla price target after the bank upgraded the stock to the equivalent of a hold.
  • Rajat Gupta made the call after taking over auto coverage from Ryan Brinkman, one of Wall Street's longest-standing Tesla bears.
  • The shift signals JPMorgan is now markedly less bearish on Tesla, with the change in analyst driving the bank's more constructive stance.

Insights

Is JPMorgan's new Tesla valuation a visionary bet on AI or a surrender to market hype?
As AI automates analysis, is an analyst’s judgment the only thing separating insight from algorithm?