Wedbush Securities analyst Dan Ives sees EV giant Tesla Inc
What Happened: "We believe with the autonomous story at Tesla worth $1 trillion alone that in a bull case scenario by the end of 2025, Tesla could achieve a $2 trillion market cap threshold," Ives said. "FSD, autonomous, and the launch of Cybercab for early 2026 are keys for Tesla."
Wedbush currently has a $400 price target on Tesla with an "outperform" rating.
The analyst also said that he believes Musk will play a key role in the U.S.-China tariff negotiations next year. Musk's involvement, he said, should enable Apple, Tesla, and Nvidia to "get carve-outs in this game of high-stakes poker between DC and Beijing."
Other Predictions: Ives also made eight other projections for the tech sector in 2025, adding that he expects tech mergers and acquisitions to increase by over 50% in terms of public deal-making given that financial buyers and strategic tech players seem interested in fields including software, cyber security, AI infrastructure, and consumer technology.
He also expects tech stocks to be up by another 25% in 2025 and for Apple Inc.
Ives is also optimistic about Palantir Technologies Inc.
"We believe 2025 will be another breakout year as its flagship AIP (artificial intelligence platform) product transforms AI use cases within enterprises... with the Messi of AI potentially the next Oracle (Corp)," he said about Palantir.
The Wedbush analyst is also positive on iPhone sales and expects Apple to ship more than 240 million iPhones in 2025, breaking previous records.
