10 AI Stocks That Wall Street Is Betting On

6. 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. On March 6, TD Cowen upgraded the stock to “Buy” from Hold with a price target of $388, up from $180. The firm is “tactically bullish” on the stock given the recent share price pullback coming “ahead of several potentially consequential catalysts this year.”

These catalysts are new electric vehicle launches, the deployment of autonomous vehicle technology without driver supervision, and advancements in robotics. The firm believes they are robust enough to tilt the stock’s risk/reward favorably with the shares pulling back meaningfully from recent highs. The firm also issued a cautious note regarding the first quarter of the year, believing it to be challenging for Tesla. Nevertheless, Tesla’s ability to navigate through the obstacles and capitalize on the upcoming opportunities has earned it a buy.