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Today, on April 29, 2024, RBC Capital analyst Tom Narayan reiterated an Outperform rating and set a price target of $293.00 for Tesla (NASDAQ: TSLA). This endorsement comes as Tesla reportedly gains a tentative nod to launch Full Self-Driving (FSD) in China, leading to a 9% surge in Tesla’s stock.
Wall Street saw a positive trend as Tesla and Apple stocks gained, with investors eagerly awaiting the Federal Reserve’s decision. Additionally, a research firm suggests ‘buying the fear’ in Apple stock, emphasizing the potential for growth in the tech giant’s shares.
Jefferies forecasts the fair value of the S&P 500 at 4900 but does not rule out a surge to 5400, indicating optimism in the market’s performance.
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