Meet the Newest Supercharged Growth Stock to Join Nvidia, Apple, Microsoft, Amazon, Alphabet, Meta, and Taiwan Semiconductor in the $1 Trillion Club. It's Still a Buy Right Now, According to Certain Wall Street Analysts.

Motley Fool11-10

U.S. stock markets boast eight companies with valuations of $1 trillion or more. Tesla is the latest member of this exclusive club. While the company has a vast opportunity ahead, it has...

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It's Still a Buy Right Now, According to Certain Wall Street Analysts.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-10 17:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/11/10/meet-the-newest-supercharged-growth-stock-to-join/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stock markets boast eight companies with valuations of $1 trillion or more.\n\n\n\n\n\n\n\nTesla is the latest member of this exclusive club.\n\n\n\n\n\n\n\nWhile the company has a vast opportunity ahead, it has...</p>\n\n<a href=\"https://www.fool.com/investing/2024/11/10/meet-the-newest-supercharged-growth-stock-to-join/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0009G5SDU7.USD","symbol_name":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) INC","start_time":0,"source_url":"https://www.fool.com/investing/2024/11/10/meet-the-newest-supercharged-growth-stock-to-join/","article_id":"2482259957","we_media_id":null,"thumbnails":["https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F797262%2Fa-person-looking-at-charts-and-graph-across-multiple-computer-monitors.jpg&op=resize&w=165&h=104"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482259957","pubTimestamp":1731229200,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Opportunities beyond its current mandate could push this pioneering innovator to new heights.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE0009G5SDU7.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) INC","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4559":"巴菲特持仓","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0368265418.SGD":"Blackrock World Energy Fund A2 SGD-H","BK4501":"段永平概念","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","GOOG":"谷歌","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU1582986359.USD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (USDHDG) ACC","GOOGL":"谷歌A","LU0345780950.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) ACC","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","NVDA":"英伟达","3NVD.UK":"LS 3X NVIDIA","LU0433182093.SGD":"First Eagle Amundi International AS-C SGD","GRO":"Brazil Potash Corp.","BK4511":"特斯拉概念","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","TSLA":"特斯拉","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","L":"洛斯公司","AAPL":"苹果","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","GE":"GE航空航天","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","AMZN":"亚马逊","XOM":"埃克森美孚","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","BK4567":"ESG概念","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","LU0788109394.HKD":"BGF WORLD ENERGY \"A2\" (HKDHGD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","2NVD.UK":"2X NVIDIA ETP","MSFT":"微软","FSD":"First Trust High Income Long/Sho","LU1582987324.SGD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (SGDHDG) ACC","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","BK4524":"宅经济概念","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC"},"translate_title":"认识最新的超级成长型股票，加入英伟达、苹果、微软、亚马逊、Alphabet、Meta和台积电的1万亿美元俱乐部。某些华尔街分析师表示，目前仍值得买入。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XOM":1,"GRO":1,"GOOGL":1,"GOOG":1,"GE":1,"FSD":1,"MSFT":1,"NVDA":1,"AMZN":1,"AAPL":1,"TSLL":0.9,"TSLA":0.6,"3NVD.UK":0.6,"L":0.6,"2NVD.UK":0.6},"content_text":"U.S. stock markets boast eight companies with valuations of $1 trillion or more.\n\n\n\n\n\n\n\nTesla is the latest member of this exclusive club.\n\n\n\n\n\n\n\nWhile the company has a vast opportunity ahead, it has a valuation to match.\n\nThe technological advances that have taken place over the past couple of decades have had a dramatic impact on the world we live in. There has also been a noticeable shift in the stock market -- and the evidence is undeniable.Just 20 years ago, household names like General Electric (NYSE: GE) and ExxonMobile (NYSE: XOM) were the most valuable companies in the world, measured by market cap, worth $319 billion and $283 billion, respectively. Now, technology issues lead the list.To be clear, the $1 trillion club is still fairly elite, with just eight U.S. companies making the cut (as of this writing). They include Nvidia, Apple, Microsoft, Amazon, Alphabet, Meta Platforms, and Taiwan Semiconductor Manufacturing. But this exclusive fraternity just added its newest member.In the wake of the U.S. presidential election, Tesla (TSLA 8.19%) stock surged to levels not seen in more than two years, bringing its market cap above the $1 trillion threshold. It's worth noting that Tesla first hit a trillion-dollar valuation in late 2021 but ceded its membership during the downturn only to come roaring back and retake its place among the world's most valuable companies.However, some on Wall Street believe the electric vehicle (EV) maker is just getting started. Let's look at recent challenges, what could drive Tesla stock even higher in the coming years, and why Wall Street is still bullish.Image source: Getty Images.A challenging environmentTo be clear, some investors have been decidedly bearish on Tesla over the past couple of years, a sentiment that's understandable. The biggest headwind was the economic downturn and the decades-high inflation that came with it. The Federal Reserve Bank took the appropriate steps to rein in surging inflation, namely by raising interest rates. This results in higher borrowing costs, which, over time, tends to slow overheated prices and lower inflation.This was a double whammy for Tesla. During a difficult economy, consumers tend to put off big purchases, such as buying a car. Furthermore, even the least expensive Tesla EV is, on average, more expensive than its gas-powered counterparts. So, while some consumers put off buying a car altogether, others were trading down to lower-priced options.Then, there's the matter of financing. Interest rates ultimately increased to a 23-year high, which discouraged borrowers from taking out car loans, putting Tesla models out of reach for large swaths of the population. However, after a couple years of uncertainty, it appears the carmaker has finally turned the corner.In the third quarter, Tesla's total revenue of $25 billion climbed 8% year over year, while operating income jumped 54%. The company's focus on cutting production costs is bearing fruit, dropping more profits to the bottom line. Add to that the improving economy and the Fed's decision to begin cutting interest rates, and you have all the elements in place for the long-awaited Tesla rebound.Wall Street is bullishTesla has been on a noteworthy rally over the past several weeks, with the stock price up 32% over the past month (as of this writing). Despite its epic run, some on Wall Street are still remarkably bullish.Chief among them is Bank of America analyst John Murphy, who maintains a buy rating on the stock and just increased his price target to a Street-high $350 per share. That represents potential upside of 18% for investors compared to Wednesday's closing price.The analyst believes the company will benefit from policy changes under the Trump Administration. Those could include revising regulations for Tesla's full self-driving (FSD) feature and imposing tariffs on imports President-Elect Trump promised on the campaign trail.Wedbush analyst Dan Ives has an outperform (buy) rating and a $300 price target on Tesla and echoed some of the same points. \"The biggest winner from a Trump White House remains Tesla,\" Ives wrote. The analyst suggested that \"Trump could accelerate some of the FSD and autonomous initiatives for Tesla starting in 2025.\"Ives has previously noted that while there could be an end to EV rebates and tax incentives, that could ultimately be a positive development for Tesla. The analyst noted, \"Tesla has the scale and scope that is unmatched in the EV industry, and this dynamic gives ... Tesla a clear competitive advantage in a non-EV subsidy environment.\" Ives also suggested that tariffs on Chinese imports could make these cheaper EVs less competitive.It's also worth noting the vast potential that exists from the upcoming launch of Tesla's Cybercab robotaxi. While the vehicle is still in development, it could upend the industry as we know it. At a recent product event to introduce the prototype, CEO Elon Musk noted that the streamlined design and production improvements paved the way for cost-effective manufacturing of the Cybercab at scale. The company believes the robotaxi could be in production \"before 2027.\"If Musk's plans come to fruition -- and that's a big if -- they could be a game-changer for Tesla. Cathie Wood of Ark Invest has a price target of $2,600 on Tesla stock, though it hinges on the release and ultimate success of the Cybercab. That represents potential upside for investors of 775%, though some view that potential future as a longshot.I'd be remiss if I didn't address that matter of the stock's valuation. Tesla's post-election spike has it trading at roughly 119 times forward earnings and 8 times forward sales, so investor concerns about its price tag are understandable.For those who already own Tesla stock, bravo! Hang on to those shares. For those who don't, Tesla has proven time and again how volatile it is, allowing astute investors to own the stock at a much more reasonable valuation. As recently as April, investors could have picked up shares for half their current price.To justify its current valuation, shareholders have to believe that Tesla will continue to sell more EVs, continue to cut production costs, capitalize on its foray into artificial intelligence, and eventually deliver on its robotaxi promises. That's clearly a tall order, but if it comes to pass, today's valuation could look cheap by comparison.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"CCBot/2.0 (https://commoncrawl.org/faq/)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2482259957"}