Major Bank Ratings | Morgan Stanley: Upgrades Tesla's rating to "Overweight" with a target price of $400 as its top pick.

格隆汇资讯2023-09-11

Morgan StanleyAnalyst Adam Jonas released a research report that will...TeslaThe rating was upgraded from "hold" to "overweight," and the 12-18 month price target was raised by 60% to $400, the highest price target on Wall Street, replacing...FerrariIt is listed as the bank's "first choice". Analysts predict that Tesla's "Dojo" supercomputer, used to train AI models for its self-driving cars, could give it an "asymmetric advantage" and increase its total market capitalization by nearly $600 billion, or 76%. Dojo can open up new addressable markets far beyond selling cars at a fixed price. Analysts have raised their revenue forecast for Tesla's network services business from $157 billion to $335 billion in 2040. The division is expected to account for more than 60% of Tesla's core profits by 2040, nearly doubling from 2030. This growth is mainly due to new opportunities the bank sees in third-party fleet licensing and increased ARPU (average monthly revenue per user).

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