10 AI Stocks Gaining Momentum Right Now

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5. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 126

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives. One of the biggest analyst calls on Wednesday, February 26, was for Tesla Inc. Morgan Stanley reiterated the stock as “Overweight”, stating that it is sticking with the stock as the leader in autonomous driving.

“When will TSLA supply FSD/autonomy to a traditional OEM? We’re not holding our breath here. While we see scope for some announcements on select platforms, our latest read following 4Q results is that Tesla has plenty of data, is focused on its own path and want to avoid distraction.”

Analysts on Wall Street currently have a consensus “Buy” rating on the stock. The average price target of $412 implies a 38% upside, however, the Street-high target of $1,000 implies an upside of 235%.

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