Top 10 AI Stocks on Latest Analyst Ratings and News

2. 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 Monday, January 13, Morgan Stanley analyst Adam Jonas increased his stock price target for Tesla to $430 per share, citing autonomous vehicle (AV) technology and embedded artificial intelligence as the main drivers. According to the firm, Tesla’s stock could ultimately double to $800 per share. Analysts are bullish on the stock due to Tesla’s leadership in autonomous mobility based on its expertise in a variety of areas including data collection, energy storage, robotics, and artificial intelligence. The firm also said that the company’s leadership position in semiautonomous electric robots could allow the company to convert car owners into subscribers “generating highly recurring (and high margin) revenue. Analysts at the firm acknowledge the growth of Tesla’s mobility fleet by 2040, especially those autonomous vehicles that don’t require human supervision. The rating features Tesla’s distinctive capabilities in AI and robotics, leading to an increase in price target.