9 Buzzing AI Stocks on Latest News and Ratings

6. 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 10th, Needham maintained a “Hold” rating on the stock. The firm stated that upon reviewing the firm’s model, it has been revealed that the company’s longer-dated growth levers around FSD, Robotaxi, and Robotics look “more priced in than not”. Even though autonomous ridesharing is gaining momentum, the firm still considers Tesla stock to be overpriced. It also stated that the company is behind in autonomous rideshare and the Robotics business is still in its early stages.

“We still see an expensive stock, with TSLA needing to trade at 50x our new ’32 estimates discounted back to drive ~30% upside from current prices, despite TSLA operating from a trailing position in autonomous rideshare and the early stage nature of the Robotics business”.

-Analysts led by Chris Pierce said in a note

Overall, TSLA stock sports a consensus Hold rating on Wall Street. The average price target of $336 implies a 4% downside from current levels.