Updated
Updated · Bloomberg · Jun 5JPMorgan Upgrades Tesla to Hold, Lifts Price Target to $475 After Analyst Switch
3 articles · Updated · Bloomberg · Jun 5Summary
- $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?