7 Reasons to Buy Tesla Stock After 52% Price Crash: Cantor Fitzgerald
- Tesla stock was upgraded to ‘Overweight’ by Cantor Fitzgerald amid its sharp decline.
- Analyst Andres Sheppard cites Tesla’s future projects like its Robotaxi and autonomous vehicles as growth drivers.
- Sheppard maintains a $425 price target, seeing 81% upside potential from the stock’s current levels.
It’s been a tough few months for Tesla, but even with the stock down 52% from its record high in mid-December, one analyst on Wall Street still sees the sharp correction as an opportunity.
Analysts at Cantor Fitzgerald led by Andres Sheppard upgraded the stock to”Overweight” from “Neutral” in a note on Wednesday, arguing that the recent share price decline represented an “attractive entry point”…
