10 AI Stocks on Analysts’ Radar Right Now

3. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 99

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives. On February 3rd, Barclays reiterated the stock as Equal Weight with a $325 price target, stating that it’s sticking with this rating on Tesla.

“We remain EW as we expect the stock to eventually track fundamentals, yet for now narrative is most critical.”

Having previously reiterated the rating and price target on January 30th, the firm noted how Tesla’s “weak” Q4 results were overshadowed by its “supercharged” autonomous vehicles and artificial intelligence outlook. The company is set to launch the driverless Robotaxi program in Austin, Texas, in June, while its unsupervised full-self driving technology is also going to open to a wide set of markets this year. The firm said that Tesla had the worst quarterly auto gross margin in seven years in Q4, significantly lower than expected. Yet, the stock didn’t drop, implying that the company still controls the narrative with a strong story.