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Analyst revises Tesla stock price target as ‘clearer path to FSD’ emerges

Analyst revises Tesla stock price target as ‘clearer path to FSD’ emerges

Brokerage firm Stifel has raised Tesla’s (NASDAQ: TSLA) share price target by approximately 43%, citing confidence in the company’s advancements in autonomous driving technology.

This comes as Tesla aims to reclaim the $350 mark amid the ongoing post-election rally.  At the close of trading on November 29, TSLA was valued at $345.13, ending the day up 3.6%.

The electric vehicle (EV) manufacturer extended its strength in the December 2 pre-market session, up 1.4%, trading at $350.

Tesla seven-day price chart. Source: Finbold

Back to Stifel’s outlook, the firm has increased Tesla’s price target to $411 from the previous $287 while maintaining a ‘Buy’ rating. The analysts highlighted a ‘clearer path’…

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