Cathie Wood's Tesla Position: Ark Invest CEO Cathie Wood remains bullish on Tesla, projecting a price target of $2,600 per share by 2029, despite recently selling some shares from the ARK Innovation ETF while still holding over $1 billion in Tesla stock.
Revenue Projections for Tesla: Ark's valuation of Tesla is heavily based on anticipated growth in its autonomous robotaxi fleet, which is expected to contribute significantly to projected revenues, alongside electric vehicles and energy storage.
Focus on Humanoid Robots: Wood views Tesla's upcoming humanoid robots as a major opportunity in AI, predicting they will enhance productivity by taking over time-consuming tasks, with production capabilities expected to reach 1 million units annually by 2026.
Investment in Amazon: Ark Invest has increased its holdings in Amazon, which is benefiting from strong earnings and investments in AI infrastructure, while also managing challenges like tariffs; Amazon's cloud services continue to grow, positioning it well for the AI boom.
Wall Street analysts forecast ARKK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARKK is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast ARKK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARKK is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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0 Sell
Current: 80.290
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Current: 80.290
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
